Sentiment Data Platform Santiment stated in its latest report that over the past 30 days, the total market capitalization of Memecoin has decreased by approximately 34% to about $31 billion. The market's collective pessimism that the "meme era has ended" is intensifying; Santiment believes this "being given a death sentence" atmosphere is a typical sign of capitulation, which historically often corresponds to the emergence of a cyclical bottom. Caution should be taken regarding potential reversal risks after extreme consensus in sentiment. (Cointelegraph)