Memecoins have been in a prolonged sell-off on Binance for nine consecutive months. Since October 6, 2025, when Bitcoin reached its all-time high of $126,198, net capital outflows from the sector have totaled $1.21B. CryptoQuant analyst Darkfost arrived at this figure by tracking the trend from the market peak.
“Bitcoin has lost more than half of its value since its peak, and it is pulling the market’s most speculative assets down first,” the analyst wrote.
The value of memecoins is driven almost entirely by speculative demand rather than the fundamentals of the projects behind them. Whenever market sentiment cools, investors are quick to sell them—faster than larger, more liquid assets.
One-Off Surges Do Not Change the Overall Trend
Darkfost noted that the launch of Robinhood Chain, the blockchain developed by brokerage firm Robinhood, brought some short-lived momentum to the sector. The memecoin CASHCAT, launched on the new network, quickly reached a market capitalization of about $138.0M.
“Stories like this can fuel rallies in individual tokens, but they do not change the broader picture. After each of these spikes, memecoins return to the same pattern of sustained selling,” the analyst emphasized.
These outflows simply reinforce what market participants already know about memecoins: they are the most volatile class of crypto assets, and every market correction hits them harder than the rest of the crypto market.