[Santiment: 'Classic Capitulation Signal' Appears in Meme Coin Market] According to Cointelegraph, on-chain data analytics platform Santiment stated that as traders generally believe the 'Meme coin era is over,' the market is showing a 'classic capitulation signal,' which is often a time to pay attention in reverse. Santiment pointed out that when a specific sector of the market is completely bearish, it often signals that the bottom is near. Data shows that the total market capitalization of Meme coins has dropped by 34.04% over the past 30 days to $31.02 billion. Santiment also observed that pessimistic sentiment toward the crypto market on social media significantly outweighs optimistic sentiment. This phenomenon of 'remaining skeptical even when prices rise' is a healthy signal for the market's potential continued recovery. Analysts noted that, unlike previous altcoin seasons with broad market rallies, the next cycle may be more selective, with only certain cryptocurrencies likely to benefit.