Santiment: Meme-coin pessimism signals contrarian bottom; sector cap down 34%

Crypto analytics firm Santiment says entrenched pessimism and "nostalgia" around meme coins may mark a contrarian bottom. Over the past month, the segment’s market cap fell more than 34% to roughly $31 billion, while Dogecoin dropped about 32%; on February 12, 2026, Santiment also noted a -2.2% weekly market-cap slip and -60.8% volume.