CryptoQuant: Binance memecoin selling pressure tops $1.4B since bitcoin peak
- —Cumulative memecoin selling pressure on Binance has passed $1.4 billion
- —BTC fell as much as 54% from its peak and sits about 35% below it
- —Memecoins' share of altcoin market cap has fallen below 3%
Why it matters: Memecoins are the most speculation-driven segment, and their selloff signals risk capital leaving the market.
Source: Bloomingbit