Smart Money Moves: Memecoins Under Pressure as Sell-offs Intensify
In recent days, the memecoin market has noticed a shift in investor sentiment. Some tokens are selling off a lot. Long considered highly speculative assets, memecoins are increasingly being seen as definitely low-quality, and the prices of some are tumbling in a not-so-distant echo of the 2012-14 crash that took Dogecoin and a handful of other coins down with it. This week, we take a close look at the smart money's activity and the appearance of the increasing levels of selling pressure among some of the situation's tokens. Key Insights into the Current Sell-off Trend 1. $ARC Faces the Highest Negative Net Flow Among the various tokens being traded in the memecoin market, \$ARC stands out due to its significant negative net flow. It has the highest outflows of any token in the market, and that points to serious selling […]