almost every major memecoin this cycle has been born when the atmosphere in the trenches, or in crypto as a whole, seemed completely counterproductive to a major runner emerging

$BONK was born at the depths of the bear market, right after the FTX implosion—when the overwhelming majority believed crypto was dead for the foreseeable future

$PEPE launched at a time when sentiment was that memecoins were dead for good. multiple high-profile thought leaders were publicly declaring that memecoins would never be a thing again

FARTCOIN emerged when most were criticizing Pumpfun, claiming the platform had killed the idea of memecoins entirely—that no major runner could emerge when tens of thousands of coins were being launched daily and diluting the eco

i’m seeing similar sentiments now, albeit on a somewhat smaller scale

people are decrying the nonstop launches, the hyper-rotations, and the fact that almost nothing seems to 'stick' anymore

many are saying that the odds of major new runners appearing from here are extremely low

but i think this exact kind of atmosphere is the perfect breeding ground for the next big one: a strong narrative that gets faded too long due to prevailing doomer sentiment—while a core community quietly forms and gains strength in anticipation of its breakout

i've placed my bets accordingly