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[Analyst: Binance Meme Coin Sell Pressure Exceeds $1.4 Billion Since Bitcoin Peak] Odaily Planet Daily News - Analyst Darkfost stated that since Bitcoin reached its peak last October, its maximum drawdown has reached 54%, and the current price is down approximately 35% from the peak. During the same period, the cumulative sell pressure in Binance's Meme coin sector has exceeded $1.4 billion, making it one of the most impacted sectors in this bear market. Darkfost pointed out that Meme coins lack fundamental support, with prices primarily driven by market sentiment and cultural trends. Currently, the market capitalization of Meme coins as a proportion of the total altcoin market capitalization has dropped to a historic low of less than 3%, reflecting the continued loss of liquidity in this sector. He believes that Meme coins often face greater downward pressure during market corrections, and investors should be cautious of related risks.