It could perhaps be but the developer is focusing on an app for Tildes, which is another site conceptually similar to reddit and to this.
this post was submitted on 01 Jul 2023
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Reddit Was Fun
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Memorial to "rif is fun for Reddit" Android app, aka "reddit is fun", shut down after June 30, 2023
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Kinda strange that they link to lemmy in their good bye but are making a Tildes app. If I heard correctly Tildes is invite only.
If they're all working on that App instead then it might mean that they recognize that Lemmy is not a viable option to handle the traffic and organization required to replace something on the scale the size of Reddit.