Are meme coins dead? This question echoes across X and Reddit as traders debate the fate of tokens like Famous Fox Federation (FOXY), trading at $0.0072318 with a $1,152.40 24-hour volume as of July 7, 2025 . Despite a 2024 market cap crash from $124B to $54B, meme coins like Dogecoin and Solana’s MOODENG show resilience . X posts, like @Lightofclairty’s claim of meme coins hitting new highs post-dip, fuel optimism . This ~1200-word article, crafted at 3:23 PM +07 on July 10, 2025, explores are meme coins dead, diving into FOXY’s NFT-driven surge, market trends, and risks, proving meme coins still have bite.

The Meme Coin Rollercoaster

The 2024 Crash: A False Funeral?

Are meme coins dead? A 2024 Binance report claimed 97% of meme coins failed, with market cap plunging 32% from $124B to $54B . Tokens like $LIBRA collapsed amid rug pull allegations, shaking trust . Yet, X users like @Lightofclairty argue meme coins are cyclical, rebounding after dips . FOXY’s 6% daily gain shows life, despite a 25.1% volume drop.

Solana’s Meme Revival

Solana-based meme coins like FOXY, MOODENG, and PNUT led a 2025 resurgence, with MOODENG jumping 143% post-Binance listing . Reddit’s r/Solana, with 410 votes on meme coin guides, praises FOXY’s NFT synergy . Are meme coins dead? Solana’s 15% weekly gain and FOXY’s $856.83 Orca volume say no . Community-driven tokens thrive on viral hype.

• Market Crash: Meme coin cap fell from $124B to $54B in 2024.
• FOXY’s Pulse: 6% daily gain and NFT staking keep it alive.
• Solana Surge: 23.7% category growth shows meme coin strength.

Cyclical Nature of Memes

CoinGecko’s Bobby Ong notes meme coins’ cyclical history, with Dogecoin and Shiba Inu surviving multiple cycles . Are meme coins dead? X posts from @theunipcs highlight tokens like USELESS hitting new highs, defying death claims . FOXY’s 2024 airdrop spiked addresses by 20%, proving community power . Memes evolve with internet culture, ensuring longevity.

Top Meme Coins Defying the Grave

FOXY: Solana’s Sly Survivor

FOXY, tied to 7,777 NFTs, counters are meme coins dead with staking rewards (100 FOXY/day for Genesis NFTs) . Its 2024 Wall Street fox stunt went viral, boosting X engagement . Reddit’s r/Solana praises its 4% transaction rewards, despite an unreported market cap . FOXY’s $0.0072318 price and 13% weekly gain show resilience.

Dogecoin: Still Barking Loud

Dogecoin’s $10B market cap and Elon Musk’s endorsements keep it a Reddit meme coins leader . Technicals show a breakout above its 50-day EMA, hinting at growth . Are meme coins dead? Dogecoin’s DeFi and payment use cases defy the narrative . Its Reddit buzz on r/CryptoCurrency proves enduring appeal.

FOXY’s NFTs: 7,777 foxes drive staking and community hype.

• Dogecoin Strength: $10B cap and Musk’s support fuel longevity.
• Reddit Buzz: r/Solana’s 394 comments highlight meme coin wins.
• Pepe and Bonk: Viral Veterans

Pepe ($6B market cap) and Bonk ($1.7B) thrive on Reddit and X, with Pepe’s 2024 200x run inspiring FOXY’s strategy . Bonk’s 30% burn-driven surge shows deflationary power, unlike FOXY’s fixed 69.25B supply . Are meme coins dead? These coins’ community strength and viral memes say otherwise . r/Solana’s 416 votes on meme coin posts reflect ongoing hype.

Why Meme Coins Persist

Community and Internet Culture

Meme coins like FOXY rely on communities, with 2,962 NFT holders driving DAO votes and 800 SOL charity donations . X posts from @ByCoinvo note Shiba Inu’s DeFi growth, mirroring FOXY’s NFT utility . Are meme coins dead? Reddit’s r/Solana says no, citing meme coins’ role in financial democratization . Strong communities keep memes alive.

Solana’s Low-Cost Edge

Solana’s low fees and fast transactions fuel Reddit meme coins like FOXY, with $856.83 Orca volume . Pump.fun’s launchpad, praised by Alon Cohen, supports 50,000 daily token creations . Are meme coins dead? Solana’s 15% weekly gain and Binance listings (e.g., MOODENG) boost accessibility . The blockchain’s ecosystem ensures meme coin relevance.

• FOXY’s DAO: 800 SOL charity votes strengthen community.
• Solana’s Power: Low fees drive FOXY’s trading volume.
• Pump.fun Impact: 50,000 daily tokens keep memes flowing.

Evolving Utility

Meme coins are evolving, with Dogecoin used in payments and FOXY offering NFT staking . X posts from @alphawifhat note Binance’s increased leverage on meme coins, aiding speculation . Are meme coins dead? MillionaireGame’s lucky draw model shows innovation . Utility-driven tokens challenge the “death” narrative.

Cooling Risks

Rug Pulls and Scams

Are meme coins dead due to scams? A 2024 r/Solana post warned of rug pulls, with $LIBRA’s collapse costing investors millions . FOXY’s unreported supply and 10% whale-held tokens (~6.9B) raise concerns . X posts flag fake signals, risking FUD-driven sell-offs . Scams fuel the are meme coins dead narrative.

Volatility and Liquidity Woes

FOXY’s 84% drop from $0.0162 and 25.1% volume dip to $1,152.40 highlight volatility . Reddit’s r/CryptoCurrency notes meme coins’ liquidity issues, with 147K traders liquidated in a day . Are meme coins dead? Pump-and-dump memes risk 20–30% corrections . Low liquidity threatens stability.

Regulatory Headwinds

The SEC’s 2025 statement caused 15% meme coin dips, with KYC demands potentially cutting FOXY’s volume by 10–15% . r/CryptoCurrency’s 728 votes blame meme coins for stalling alt seasons . Are meme coins dead? Regulatory scrutiny could chill hype, but Solana’s decentralization helps . Oversight remains a hurdle.

• Scam Risks: $LIBRA’s rug pull fuels death rumors.
• FOXY Volatility: 84% crash shows speculative risks .
• SEC Threat: 15% dips from 2024 scrutiny impact sentiment .

Meme Coins: Down but Not Out

Are meme coins dead? FOXY’s $1,152.40 volume, Dogecoin’s $10B cap, and Solana’s 23.7% category surge prove they’re not . Reddit’s r/Solana and X’s @Lightofclairty highlight cyclical rebounds, with FOXY’s NFT memes driving engagement . Scams and volatility loom, but community strength endures. Track @FoxinuSol and CoinGecko for updates . Ready to ride Reddit meme coins? DYOR and HODL tight!