What’s driving the SOL meme revival?
by Pat Zhang, head of Research, WOO X
In a challenging market, RFC has surpassed a $100 million market cap, sparking a revival in Solana memes.
In early 2025, Pump Fun achieved peak daily revenues of around $5 to $7 million during Donald Trump's token issuance. However, as the market dropped significantly and the AI narrative ended, new meme highlights disappeared, and adverse factors impacted Pump Fun’s revenue, which hit a low in March with daily figures often below $1 million, signaling a pause in Solana meme events.
However, recent growth in Pump Fun's revenue, though not reaching previous meme hype levels, has increased gradually by about 30% to 50% from its low. This revenue growth signals the emergence of a new "golden dog." At the same time, RFC has broken the $100 million market cap in uncertain conditions, driving a revival of the Solana meme trend. WOO X Research reviews the latest strong emerging memes and identifies their common traits to uncover the core narrative driving the meme market.
Ref: DeFiLlama
RFC
RFC stands for Retard Finder Coin. The name is a self-deprecating term meaning "idiot finder." Its X content focuses on criticizing left-wing views and supporting pro-Donald Trump's right-wing rhetoric. The narrative highlights that Elon Musk has taken notice and interacted with RFC several times, making it a highly associated Musk-themed memecoin. Later, it was also featured on Chinese CCTV Financial News, which further boosted its visibility.
In terms of chip analysis, large holders of RFC are found to be closely linked with $TRUMP and are suspected of being market makers. One such address liquidated its position on March 15. This suggests that the price increase may not be driven solely by the narrative, but also by coordinated actions among groups.
- Historical peak market cap: $138M
- 24-hour trading volume: $12M
- Concept labels: Elon Musk, retard
DARK
DARK is an experimental project that uses Trusted Execution Environments (TEEs) and the Model Context Protocol (MCP) to create a secure and efficient platform for AI agents. Its core application, $DARK Games, is an AI-competitive gaming universe where AI entities compete, and humans can participate by betting or sponsoring. The project integrates the $DARK token to incentivize the ecosystem. It innovatively blends AI, security technology, and blockchain technology, making it appealing to users interested in cutting-edge tech and gamified experiences. Interested users can join the waiting list on its official website to experience it early.
The narrative emphasizes that MCP is a hot topic in Web 2 and is seen as a key focus in the next phase of AI development. DARK is currently leading the MCP concept in Web 3. The trend from Web 2 is extending into Web 3, which is highly anticipated.
- Historical peak market cap: $23.6M
- 24-hour trading volume: $10.5M
- Concept labels: AI, MCP
Memecoin
Memecoin was created to commemorate the two-year anniversary of Pepe and is built around a meta meme concept. It seeks to establish a universal meme symbol identity through an extremely straightforward naming strategy, yet the community has questioned it for signs of insider trading and project team manipulation. The narrative centers on a minimalist naming approach and strong centralized control.
- Historical peak market cap: $13.3M
- 24-hour trading volume: $11.2M
- Concept label: Meme
Titcoin
Titcoin is an adult-oriented, humorous memecoin constructed around a double entendre involving breasts. It attracts a specific community through sexually suggestive culture and relies on vulgar puns as its core messaging. Combined with the open cultural elements of Europe and America to create controversy and viral moments, its narrative emphasizes the playful nature of the pun, which serves as a universally understood and direct expression. Added to this is the shout‑out endorsement by a well‑known KOL (DNF), making it the meme coin that recently grabbed the market’s attention.
- Historical peak market cap: $43.9M
- 24-hour trading volume: $5.6M
- Concept label: Meme, adult humor
What are the similarities between the recent hot tokens?
Narratives are closely linked to current topics
RFC taps into a right-wing narrative centered around Musk and Trump, combining political and celebrity associations.
DARK connects MCP and AI topics, carrying the momentum from Web2 to Web3.
Memecoin leverages Pepe's second anniversary to spark collective memory.
Titcoin uses universally understood adult innuendos to drive viral spread.
Content that sparks conversation tends to attract attention and traffic.
Shift from strictly fair play to accepting strong market manipulation
RFC's backing appears tied to $TRUMP and is seen as part of a meme market maker alliance.
Memecoin has been reported to benefit from early placements and internal trading by exchanges.
Well-known opinion leaders drive Titcoin's market movement.
During market dry spells, meme coin price gains are not purely based on community consensus. Instead, market makers or coordinated groups ignite the initial momentum, which is then amplified by the community to sustain the token's lifecycle.
Exaggerated and direct naming strategies lower recognition barriers
The Ticker itself conveys the narrative.
Memecoin uses its category as its name.
Titcoin uses a pun on reproductive parts to attract attention.
RFC employs a provocative term to reinforce its anti-PC stance.
Naming now focuses on being bold, direct, and easily replicable, rather than refined or technical.
While Solana memes may not have yet returned to the bull market levels seen in March, new narratives and effective pump mechanisms continue to generate short-term hits. If they catch the next narrative wave, memecoins could still serve as a stepping stone for small investors.
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