Meme coins have faced $1.21 billion in cumulative net selling pressure on Binance since Bitcoin (CRYPTO: BTC) made its last all-time high in October 2025.

Sustained Selling Pressure for Meme Coins

In an X post on July 14, on-chain analytics firm CryptoQuant said the meme coins sector has remained under sustained selling despite occasional bursts of speculation.

Data highlighted the heavy risk appetite deterioration across crypto’s most speculative assets.

While Robinhood’s blockchain launch recently revived interest in meme coins, helping projects like CASHCAT reach a market capitalization of roughly $138 million, CryptoQuant noted that such rallies have been driven by novelty rather than sustained demand.

The significant net outflow underscores how severely meme coins tend to underperform during broader market corrections and serves as a reminder of the heightened capital-loss risk associated with the sector.

Over the past month, meme coin leaders like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) plunged around 14% and TRUMP (CRYPTO: TRUMP) dropped 21%.

Why Meme Coins May Be Gambling

In an X post on July 14, crypto analyst Kevin echoed those concerns, saying the growing obsession with meme coins is making him reduce crypto’s weighting in his investment portfolio.

Kevin added that he expected retail participation to gradually rotate back toward Bitcoin after the previous cycle but instead believes much of the market has shifted toward speculative meme coin trading making it a gambling space.

"If the sector isn’t going to properly heal and instead continues to double down on memes, I see no choice but to take it less and less seriously as an investable asset class," he said, adding that exchanges have increasingly benefited from the trend.

In another X post, Kevin argued that more experienced crypto investors have shifted their attention toward artificial intelligence, robotics and quantum computing, while maintaining some Bitcoin exposure.

Many newer market participants are primarily focused on meme coin speculation, a trend Kevin believes will leave much of the broader altcoin market producing lower highs over successive cycles.

Also, many projects will eventual become "ghost chains" despite intermittent bull-market rallies.

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