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Guavy AI Editorial Team••Sentiment: -3.2•Clout: 62

$1.2 Billion Memecoin Sell-Off Signals Bearish Crypto Trend

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The crypto market is showing signs of a bearish trend, with a $1.2 billion net sell-off in memecoins on Binance since Bitcoin's peak in November last year.

Meme-coins like DOGE, SHIB, and PEPE have seen their market share decline from 10% to 3.7%, as investors shift focus towards more sustainable sectors such as Real World Asset tokenization and DeFi.

The sell-off in memecoins is in line with Bitcoin's own drop of over 50% from its all-time high, as well as the heavy losses faced by altcoins.