Viewpoint: Meme Coin Market Shows 'Classic Surrender Signal,' Potentially Setting Stage for Rebound

BlockBeats News, February 14th, according to the latest Santiment report, the Memecoin market is currently experiencing a "classic surrender signal." Despite the overall volatility of the crypto market, the sector may have already approached a temporary bottom.

Data shows that in the past 30 days, the total market capitalization of Memecoins has dropped by around 34% to $310.2 billion. During the same period, Dogecoin dropped by 32%. Santiment points out that there is currently a rising "nostalgia" sentiment for Memecoins on social media, with many traders widely accepting the narrative of the "meme era coming to an end," and this kind of consensus pessimism is often a typical signal of market surrender.

The report states that when a particular sector is "completely sentenced to death" by the market, it is often the point of contrarian attention, where the "greatest pain often corresponds to a temporary bottom." In addition, Santiment also notes that there are significantly more bearish comments than bullish comments on crypto social media, and historical experience shows that the market tends to move in the opposite direction of public expectations. Even if there is a price rebound, doubts linger in the market, which actually helps to form a more sustainable recovery trend.

Santiment emphasizes that as the institutionalization of Bitcoin increases, the traditional path of "Bitcoin hits new highs → Ethereum plays catch-up → Altcoin season in full swing" may no longer be fully applicable. The future altcoin market may become more differentiated rather than experiencing a uniform surge.