CryptoQuant's Darkfost says meme coins face over $1.4bn in selling pressure

The story so far: Meme coin market share decline

CryptoQuant contributor Darkfost said meme coins' share of altcoin market cap fell to a record low of about 3%. He now says meme coins have seen the steepest losses since Bitcoin's correction began, with cumulative selling pressure above $1.4bn since BTC's peak.

1. 5 Oct 202611:30 UTC

   Meme coin share of altcoin market cap falls to record low, CryptoQuant contributor says

   CryptoQuant contributor Darkfost said the ratio of meme coin market cap to altcoin market cap dropped to 0.027, a record low, leaving meme coins at about 3% of the altcoin market. He said a rebound bet would be high-risk and that a surge in token numbers is straining limited…

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2. 19 Oct 202600:06 UTC

   CryptoQuant's Darkfost says meme coins face over $1.4bn in selling pressure

   CryptoQuant contributor Darkfost says meme coins have suffered the steepest losses since Bitcoin's correction began, with cumulative selling pressure above $1.4bn since BTC's peak. Their share of total altcoin market capitalisation has fallen below 3%, a record low, Darkfost said.

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3. 19 Oct 202606:55 UTC

   Darkfost says Binance meme coins have seen over $1.4bn in selling since Bitcoin peak

   Analyst Darkfost said Bitcoin has fallen about 35% from its peak last October, with a maximum drawdown of 54%, while meme coins on Binance have logged more than $1.4bn in cumulative selling pressure. He said meme coins now make up under 3% of altcoin market value, a record low.

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