I don't know my cup size, but in the past year or so I lost about 5 inches off the fullest part of the moobs. Granted, I also lost 5 inches off my chest under them, so I believe that makes the cup size stay the same, but to me they still look and feel a lot smaller and they definitely bind better.
They're mostly made of fat, so if you lose a good amount of fat, you're most likely going to lose from there along with the other places-- but like others have said, it depends how much fat you have on them to begin with. People are genetically disposed to carry their fat in different places and generally you'll lose it first where you gained it last and those places it accumulates first will be the slowest to give it up (for me it seems to be my thighs... blech) . Our genetics choose where that is-- we don't have control over it (so you can't "spot reduce" like some people claim). So if you already have a good amount of fat on them and aren't genetically disposed to hold on to the fat there for dear life, if you lose fat all over, you'll most likely lose at least a little there.