Santiment: Meme Coins Enter "Capitulation Phase," Bottom Bounce Imminent, But Only Some Tokens Benefit

According to on-chain data analysis platform Santiment, as traders widely believe "the era of meme coins is over," the market is showing "classic capitulation signals," which often indicate a contrarian opportunity. Santiment pointed out that when a particular market segment 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% to $31.02 billion over the past 30 days.

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 sustain a recovery. Analysts noted that unlike the broad-based rallies of past altcoin seasons, the next market cycle may be more selective, with only a portion of cryptocurrencies likely to benefit.