In another indicator of shifting investment sentiment on major cryptocurrency exchanges, a $1.2 billion difference between buy and sell orders was observed for memecoins on Binance. This selling pressure has accumulated since BTC’s All-Time High (ATH) back in November 2025 and highlights an intense bearish squeeze on major coins like DOGE, SHIB, PEPE, and the rest of the memecoin market.
Major crypto analytics firm CryptoQuant tweeted:
This chart, which tracks the accumulated buy/sell trading volume difference, shows a consistent downward trajectory that has yet to hit the brakes. The move is consistent with the overall downturn in the cryptocurrency market as BTC is currently down more than 50% from its ATH, while altcoins continue to suffer considerably.
The coin market is yet to find a suitable floor, let alone a major price rebound, and as a result, the cumulative difference continues to grow with time. Bitcoin is trading around $64k after bears try to pull the index below the key $60k level. Memecoins are the hardest hit among cryptocurrencies, with platforms like Pump.fun now trading with only a fraction of their 2024 peak volume, while established examples like DOGE, SHIB, and PEPE continue to suffer disproportionately.
As a result, the total market share of the online banter coins has crashed to a multi-year low of 3.7% of the total crypto market cap last week, down from a high of 10% back at the peak witnessed in November. The number of memecoin holders is also trending heavily downwards as it was fueled by social media hype, celebrity endorsements, and retail speculation, all of which have come crashing down.
 
The Future
The sudden fall from grace was expected for memecoins that had been fueled by speculation and boasting of a lack of utility. Now, smart capital in crypto is shifting toward more serious developments such as Real World Asset (RWA) tokenization and Decentralized Finance (DeFi).
However, even in the midst of this gloomy streak, some memecoin investors manage to make unbelievable trades, as one lucky guy did with CASHCAT, a coin launched on the Robin Hood chain. He turned $316 into a multi-million dollar flip.
However, such stories are clearly not moving the seasoned investors considerably, and they continue to back long-term success stories rather than memecoins. The risk appetite is declining over time, indicating a maturing market.
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