Hey there, meme coin enthusiasts! If you’ve been keeping an eye on the crypto space, you’ve probably noticed the wild ride that $KITTY, a Solana-based meme token, has been on lately. On July 24, 2025, Twitter user @0xLunic dropped a fascinating thread that’s got the community buzzing. Let’s dive into what’s happening with $KITTY and why it might be gearing up for a big comeback.

The 80% Drawdown: A Rite of Passage?

According to @0xLunic, $KITTY is currently experiencing its first extended drawdown of around 80%. For those new to crypto, a drawdown is when the price of a token drops significantly from its peak. The chart shared in the tweet highlights this drop, showing a peak followed by a steep decline to a low of approximately 9.44M SOL, down 78.27% from its high. But here’s the kicker: this isn’t necessarily a bad sign. The post suggests that surviving multiple -80% to -90% dips is a “rite of passage” for meme coins aiming to establish themselves in the market.

Think of it like a test of endurance. Meme coins like Dogecoin and Shiba Inu have weathered similar storms before becoming household names. $KITTY’s current dip could be a sign that it’s building resilience, and the community is patiently waiting for its turn to shine.

Why a Repricing Might Be Inevitable

So, what’s driving the optimism? @0xLunic argues that a “cat repricing” is inevitable. In crypto terms, repricing means the market could soon recognize $KITTY’s true value, potentially leading to a price surge. This belief is fueled by the token’s active community and its presence on platforms like PumpSwap, where it boasts a market cap and trading volume that suggest growing interest.

Meme coins often thrive on hype and community support rather than traditional fundamentals. The thread’s call to “believe in something” resonates with this sentiment, encouraging holders to stay the course despite the volatility. Plus, with the broader crypto market showing signs of a bull run in 2025 (as seen with the $3.4 trillion market cap), $KITTY could ride that wave if the timing aligns.

Community Reactions: A Mix of Faith and Humor

The responses to @0xLunic’s thread are a goldmine of insight. Users like @artsch00lreject echoed the sentiment, reinforcing that surviving big dips is part of a meme coin’s journey. Others, like @basedfhoul, jumped in with confidence, even buying more $KITTY to “rinse the lettuce hands” (a playful jab at weak-handed traders who sell too early). Meanwhile, @ippo_kun11 shared a chill image of Hello Kitty with headphones, adding a lighthearted vibe to the discussion.

There’s also a bit of rivalry, with @ferdie_tt declaring “it’s over for sol coins,” hinting at competition among Solana-based tokens. This banter shows how passionate the $KITTY community is, which could be a key driver for future growth.

What This Means for Blockchain Practitioners

For those in the blockchain world, $KITTY’s story is a great case study. It highlights how meme tokens can serve as both entertainment and investment opportunities. If you’re a practitioner looking to understand market cycles, this 80% drawdown offers a real-time lesson in volatility and community-driven value. Keeping an eye on meme-insider.com can help you stay updated on similar trends and make informed decisions.

Final Thoughts

$KITTY’s current drawdown might look daunting, but it could be the setup for a major rebound. With a strong community, a solid platform like Solana, and the historical precedent of meme coin success, the stage is set for a potential repricing. Whether you’re a believer or just curious, now’s a great time to watch this space. What do you think—will $KITTY roar back to life? Drop your thoughts in the comments, and let’s keep the conversation going!