Gee. When I was taking courses in Oceanography and Marine Geology, we were told the reason Atolls exist is that coral reefs forming on the areas offshore of the volcanic islands continued to grow as sea levels rose, post Ice Age, and they survived when the water levels dropped during the ice age by populating deeper water as water levels went down. In short, the critters (as a group) adapted, even though the ones caught out of water or in water too deep died.
If sea level isn't the killer (and it wasn't in the past), how is climate change killing the coral off? Even the Crown of Thorns Starfish couldn't do that (despite being predicted decades ago to be the end of the Great Barrier Reef).