Santiment: Meme Coins Have Entered a "Capitulation Phase," a Bottom Bounce Is Imminent, but Only Some Tokens Will Benefit

According to on-chain data analytics platform Santiment, as traders widely believe that "the era of meme coins is over," the market is showing "classic capitulation signals," which often indicate a time for contrarian attention. Santiment points out that when a particular sector of the market is completely bearish, it often signals that a bottom is near. Data shows that the total market capitalization of meme coins has fallen 34.04% over the past 30 days to $31.02 billion.

Santiment also observed that pessimistic sentiment towards the crypto market on social media significantly outweighs optimistic sentiment. This phenomenon of "remaining skeptical even as prices rise" is a healthy signal that the market may be on a path to sustained recovery. Analysts note that, unlike previous altcoin seasons characterized by broad-based rallies, the next market cycle may be more selective, with only a portion of cryptocurrencies likely to benefit.