Pump Fun reached its peak in 2025 with Trump's coin launch, with daily revenue falling in the range of $7 million to $5 million. However, as the market experienced a significant decline, the AI narrative came to an end, and there were no new hot memes, various negative factors directly reflected in Pump Fun's revenue performance, which hit rock bottom in March this year, with daily income often falling below $1 million. Thus, it was announced that the Solana meme event had been put on hold.

Recently, Pump Fun's revenue has grown, although not as much as the previous meme frenzy, it has gradually increased, showing about 30% to 50% growth compared to the low point. Revenue growth signifies the birth of a new "golden dog," and RFC has surpassed a market cap of $100 million amid uncertain market conditions, reviving the Solana meme trend. Let WOO X Research take stock of the recent strong emerging memes and explore what similarities they share to identify the core narrative driving the meme market.

Reference: DefiLlama

RFC

RFC stands for Retard Finder Coin, a self-deprecating term. The content on RFC's Twitter revolves around criticizing the left and supporting right-wing statements related to Trump. The narrative point is that Musk has shown interest and interacted with it multiple times, making it a highly relevant Musk concept meme coin. It later appeared on China's CCTV financial news, further enhancing the coin's spread.

In terms of chips, large holders of RFC have been found to be closely associated with $TRUMP, suspected of being market makers, and this address cleared its holdings on March 15. The driving force behind the price increase may not solely be the narrative; the collaboration of conspiracy groups is also a part of it.

• All-time high market cap: 138M
• 24 HR trading volume: 12M
• Concept tags: Elon Musk, retard

DARK

DARK is an experimental project that creates a secure and efficient operating platform for AI agents through Trusted Execution Environments (TEEs) and Model Context Protocols (MCP). Its core application, $DARK Games, is an AI competitive gaming universe where AI competes in abilities, and humans can participate through betting or sponsorship, combined with $DARK token incentives for ecological development. The project innovatively integrates AI, security technology, and blockchain, suitable for users interested in cutting-edge technology and gamified experiences. Currently, users can join the official website waiting list for early access.

The narrative point is that MCP is currently popular in Web 2, a key focus for the next step in AI development, and the leading concept of MCP in Web 3 is DARK, with the Web 2 trend spilling over into Web 3, which is quite exciting.

• All-time high market cap: 23.6M
• 24 HR trading volume: 10.5M
• Concept tags: AI, MCP

Memecoin

A tuple meme coin created to commemorate the second anniversary of Pepe, attempting to establish a pan-meme symbol status through the ultimate straightforward naming of "memecoin," but the community has questioned the existence of insider trading and signs of project manipulation. The narrative point lies in the minimalist naming strategy and strong control by major holders.

• All-time high market cap: 13.3M
• 24 HR trading volume: 11.2M
• Concept tags: Meme

Titcoin

Constructed around breast-related puns, it creates adult humor memes that attract specific communities through sexual innuendo culture. It relies on vulgar homophonic puns for its core dissemination power, combined with the open culture of Europe and America to create controversial viral spread. The narrative point is the fun of homophones, which is a straightforward expression understood globally, forming a universal symbolic system of suggestion, further amplified by well-known KOL endorsements (DNF), making it a meme coin that recently caught market attention.

• All-time high market cap: 43.9M
• 24 HR trading volume: 5.6M
• Concept tags: Meme, adult humor

What similarities do recent popular tokens share?

Narratives closely tied to real-world topics:

• RFC: Tied to Musk and Trump's right-wing narrative, combining political and celebrity relevance;
• DARK: Combines MCP and AI topics, extending the Web 2 craze into Web 3;
• Memecoin: Leverages the second anniversary of Pepe to evoke collective memories;
• Titcoin: Creates viral spread through cross-cultural universal adult suggestions.

Narratives are consensus; content that can spark discussion is more likely to attract funds and traffic.

From pursuing fairness to accepting strong control:

• RFC's backing funds are common with $TRUMP, seen as a meme dealer alliance;
• Memecoin was exposed for early exchange layouts and insider trading;
• Titcoin is clearly driven by KOL-led endorsements boosting market cap.

In a drought period for the market, the price increase of meme coins does not purely rely on community consensus but is first ignited by dealers (or conspiracy groups), which then ferments within the community, allowing the overall token lifecycle to continue.

Exaggerated and direct naming strategies with ultra-low cognitive barriers:

Ticker is the narrative; the more straightforward the name, the quicker it forms memory points and topics;

• Memecoin: Directly uses the category as the name;
• Titcoin: Uses reproductive puns to attract attention;
• RFC: Uses derogatory terms to reinforce the stance against "PC political correctness."

Naming no longer seeks packaging and technical feel but moves towards an extremely crude, direct, and replicable meme logic.

Although Solana memes cannot return to the comprehensive bull market of March, new narratives and efficient pump mechanisms continue to create short-term hits. If they can catch the new narrative wave, meme coins may still be the best stepping stone for small investors to double their investments.

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