🗞️ Memecoins on Binance face $1.4B in selling pressure since Bitcoin's Top Since its October peak, Bitcoin has seen a maximum drawdown of 54% and is now trading about 35% below that peak. One of the sectors hit hardest by this bear market is the highly speculative and volatile memecoin sector. On Binance, cumulative selling pressure across the entire sector has exceeded $1.4B since Bitcoin's last high. Lacking solid fundamentals and driven purely by cultural trends, this sector has arguably suffered the heaviest losses. As a result, memecoin dominance among altcoins by market cap has fallen to its lowest level: they now account for less than 3% of total altcoin market cap, a sign that liquidity has fled the sector. Overall, this situation reflects massive selling pressure on the riskiest segment of the crypto ecosystem. It is also a reminder that memecoins suffer the most in every correction, and that exposure to them carries a very high risk of capital loss.