Santiment: Meme Coin has entered a "surrender period," and a bottoming-out rebound is imminent, but only some tokens will benefit.

On-chain data analytics platform Santiment stated that with traders widely believing "the era of Meme coin is over," the market is showing "classic capitulation signals," often a good time to look in the opposite direction. Santiment points out that when a sector of the market is completely pessimistic, it often indicates that a bottom is near. Data shows that Meme's total market capitalization has fallen 34.04% to $31.02 billion in the past 30 days. Santiment also observed that pessimism about the crypto market significantly outweighs optimism on social media; this phenomenon of "skepticism even as prices rise" is a healthy sign that the market may continue to recover. Analysts point out that unlike past altcoin seasons with widespread rallies, the next round of market activity may be more selective, with only a subset of cryptocurrencies benefiting.