The memecoin market is currently undergoing a period of intense selling pressure, with blockchain analytics firm Santiment reporting what it calls a ‘classic capitulation signal’ among traders. According to recent data, social media sentiment surrounding popular speculative assets like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) has reached multi-month lows as retail interest wanes. Santiment highlights that this phase of mass exits and ‘panic selling’ often characterizes the final stage of a price correction, as investors liquidate their positions at a loss. While the broader cryptocurrency market remains volatile, the specifically sharp decline in memecoin activity suggests that many speculative participants have reached their breaking point. Historically, such capitulation events have occasionally served as a precursor to market bottoms, providing a potential entry point for contrarian investors, though analysts warn that further consolidation may be required before a sustained recovery can occur.
Source: Memecoin market showing ‘classic capitulation signal’: Santiment
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