GM. This is Milk Road Degen, the crypto newsletter that rides meme seasons like a cowboy on a mechanical bull after three Red Bulls.
Here’s what we got for you today:
- ✍️ The memecoin comeback nobody expects
- 🎙️ Milk Road Degen Podcast: Why This Is the Most Underrated Crypto Project Right Now w/ BreadGuy
- 🍪 Canary Capital filed the first spot ETF for $TRUMP
$FUN is one of the leading tokens in Web3 gaming. Discover how it’s powering the next wave of innovation.
Prices as of 9:00 AM ET.
THE MEMECOIN COMEBACK NOBODY EXPECTS (P1) 💰
Listen up degen.
Memes are dead. Like REALLY dead.
So dead, even the big guns are calling it quits:
While the market chops, debating whether to “melt up” or nuke entirely, memecoins have been the first to get flushed.
Old staples like $SPX6900 and $FARTCOIN are down over 50% this month. Profit-taking is hitting hard, and liquidity is getting pulled in anticipation of whatever comes next.
But if you squint just right… you’ll see something.
There’s alpha in the ashes.
The meme pattern nobody talks about
Here’s something I’ve noticed:
Memecoins tend to peak just before the majors do.
I charted it out with $BONK vs. Bitcoin vs. all tokens’ MC minus BTC.
Guess what? Bonk topped…
- 10 days before the majors in March 2024
- 18 days before in November 2024
- 25 days before in July 2025
And newer memes like $FARTCOIN, $SPX6900, and $PENGU? All topped July 20-28, while majors are still finding their top now.
BIG BET ON $FUN
You know a project’s doing well when it doubles down on its own ecosystem.
That’s exactly what’s happening with a gaming token: $FUN.
The FUN100x Foundation just committed $10M to supercharge the FunToken ecosystem.
Here’s what you should know about the $FUN token:
- A leading token in Web3 gaming
- Set to be integrated into 40+ upcoming games in 2025
- Listed on Binance, HTX and Poloniex
With $10M behind it, $FUN is primed to level up.
Learn how $FUN is powering the next wave of Web3 gaming.
THE MEMECOIN COMEBACK NOBODY EXPECTS (P2) 💰
Wait, are you serious? Is it this simple??
No, sadly it is not.
There are many caveats to these claims, and I’ll be the first to point them out:
- I’m cherrypicking here; not all memes respect this pattern.
- Many memecoins did NOT reach all time highs in Q3, unlike $ETH and $BTC that both did. $BONK and $FARTCOIN still missed ATH by 40%, despite hitting a local top.
- Outside factors affect the tokens, like the success of Bonk’s memecoin platform, or a run on “brand coins” for $PENGU.
- Some tokens like $PENGU are a borderline alt, so may not fit the criteria.
Plus, there are always new entrants to the memecoin pantheon like this month’s $TROLL that just didn’t respect this pattern at all.
So… Should I ape memes right now?
Hell no!
This is Alt Season.
You can feel it - everything’s rotating.
And while alts slowly wake up, memes are bleeding out.
I don’t want to buy memecoins right now. But I don’t want to sell them either. Because maybe memecoins know something we don’t.
So I’m preparing for the next meme season. Because the last cycle had two big near-identical meme peaks - who’s to say we don’t get another run in Q4?
My Playbook for this potential meme season
When memes come back, I’ll be looking for fresh blood. Not the pre-2025 stuff - that’s tapped out.
I’m hunting:
1/ Brand new runners
- Think Fartcoin in Q4 last year
- Low cap, high volume, instantly viral
2/ Quiet new mid-caps under radar
- Like $TROLL, which is hunting for that $300M mark despite the downturn.
- Early-stage virality, real traction, still cheap
3/ Strong meme mechanics
- Cross-crypto meme appeal (like $CHILLGUY)
- Backed by real KOLs (like people with good ETHOS reputations)
- Liquid, high-volume action early on.
There’s also two tickers I’m very hot on that have held a strong level despite this downtrend - but they are only available to Degen PRO members in Discord.
If you’re not a Degen PRO Member then today’s your lucky day, because until midnight tonight, it’s 25% off!
And remember - memes aren’t retail-driven anymore. They’re engineered.
Whales, insiders, KOLs - they move these markets now. If you want the 1000x, you need to spot the right one before they press go.
Note: You can also simply accumulate the leading memes or just buy $PUMP. Much lower R/R trades.
Launchpads: The X factor
Let’s talk about launchpads.
$PUMP still runs the show. But it’s not bulletproof. Comms went dark, airdrop mechanics confused everyone, and it nuked hard before bouncing after they announced buybacks.
Yes, they have an enormous treasury to pay streamers to create content there, but we’ve seen many companies raise 9 figures and flop.
Challengers like Heaven and LetsBonk have entered with similar mechanics and strong early traction. But none have matched Pump’s dominance - yet.
Launchpads are the new meme factories. They will boost their top-performing tokens by any means necessary. It’s institutionalized degenerate farming.
Don’t fade them. But also - don’t blindly ape them either. Watch the volume. Watch the vibes. Watch the charts.
Wrapping up
This whole article is just a hunch, degen. A theory.
But if you zoom out, it checks out: memes were flying 30 days ago, and now everyone’s quiet. Meanwhile, alts are taking over.
That kind of reversal - that kind of silence - is where opportunity starts to creep back in.
So while others move on, I’ll be here. Watching. Waiting. Trenching.
And when the next $FARTCOIN drops… you’ll see me there on the first day (I hope).
L2 SPEEDRUN WITH BREAD GUY 🎙️
Think memes move fast? Try 10ms block times.
We sat down with Bread Guy, the mind behind MegaETH, a real-time Layer 2 that’s built for actual web2-level speed. From running NFT infra on VeChain to breaking down why the best tech doesn’t always win, this one covers way more than just blockchains.
Here’s what you’ll hear inside:
- Why MegaETH offloads consensus and focuses purely on UX
- Bread Guy’s thesis on tech, tokens, and why storytelling always wins
- The $PUMP machine: how it printed $1B in fees and still holds ground
- What went wrong with $BOOP and why $POPS haunts him to this day
Don’t sleep on this one 👇
YouTube | Spotify | Apple Podcasts
BITE-SIZED COOKIES FOR THE ROAD 🍪
PSG1 shipping kicks off October 6, degen. This isn’t a retro toy, it’s a Solana-native rig with a built-in wallet to game and manage crypto right from the device.
Canary Capital just filed a spot ETF for the $TRUMP meme coin. It lets you play the political hype game through a brokerage account with direct exposure to the Solana-based token if the SEC signs off.
Solana lost nearly 7 million unique traders in the past 10 months. From launchpad wars to FnF rugs and KOL scams, the chain is bleeding users fast.
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