Whether we like to admit it or not, memes play a significant role in the crypto community, and meme coins are a testament to this.
The crypto industry has often been taken by surprise by the explosion of meme coins, teaching us that while utility is valuable, a strong community can be the real driver of success. But did you know that it’s not only the Ethereum network that brings great meme coins but also Solana?
In this article, we will present 10 Solana meme coins that have the potential to explode this year.
Disclaimer: This is not financial advice. Consider this exploration an informed opinion based on our research, but always conduct your own due diligence before making any investment decisions.
Top Solana Meme Coins: In a Nutshell
In a nutshell, our top on best Solana meme coins is:
- BONK (BONK);
- dogwifhat (WIF);
- Popcat (POPCAT);
- BOOK OF MEME (BOME);
- cat in a dogs world (MEW);
- PONKE (PONKE);
- Myro (MYRO);
- MAGA (TRUMP);
- Slerf (SLERF);
- Solama (SOLAMA).
Now, for a review of each meme coin project mentioned above, read below our extended explanation to understand why we chose those in that order.
10 Top Solana Meme Coins to Buy This Year
BONK (BONK)
- Circulating supply: 68,756,818,621,192 BONK
- Total supply: 92,916,576,586,104 BONK
- Max. supply: —
- Fully diluted market cap: $2,237,335,694
Bonk (BONK) is the top meme coin in the Solana ecosystem. It has shown strong growth since its inception in December 2022, and it looks like this growth will continue in the following period.
Basically, Bonk is Solana’s version of the popular dog-themed cryptocurrency Dogecoin from the Ethereum ecosystem, created to reward active participants and bring new life to the Solana ecosystem through airdrops and crypto community involvement.
One reason for Bonk’s success is its ability to ride the wave of Solana’s growing popularity, taking advantage of its fast and innovative blockchain. This connection could be very beneficial if there’s another big rise in the market, driven by excitement for Solana.
Besides, BONK’s popularity exists also based on its wide-ranging ecosystem, which includes BonkSwap, a decentralized exchange (DEX); BonkDex, which provides DeFi services like lending and borrowing; and BonkVault, a secure wallet for storing digital assets. These platforms increase the usefulness and value of the Bonk token, making it appealing to both investors and users.
If Bonk keeps up its current pace (and it likely will), it could really take off in the next market boom.
dogwifhat (WIF)
- Circulating supply: 998,845,728 WIF
- Total supply: 998,845,728 WIF
- Max. supply: —
- Fully diluted market cap: $1,792,304,165
Dogwifhat (WIF) is currently the largest meme coin on Solana by market capitalization, achieving this status quickly since its launch in October 2023. The project embraces a lighthearted approach, claiming to be “literally just a dog with a hat,” reflecting its simple token model and overall ethos.
WIF is an SPL token on the Solana blockchain, similar to the ERC-20 token standard on Ethereum.
It features a unique theme of a Shiba dog wearing a pink knitted beanie hat, embracing the fun and playful side of meme culture in the crypto industry. The coin stands out with its decentralized ownership structure, meaning the creators have no central control, and it focuses on a community-driven approach.
Currently, Dogwifhat doesn’t offer any utility to its over 165,000 token holders, but that might change soon. The project team is working on a hat generator, which will allow users to add different hats to the dog in the original meme.
The success of Dogwifhat has also inspired at least one spinoff – catwifhat – creating another meme coin with its own niche community. Catwifhat follows in the footsteps of its predecessor by embracing the whimsical and humorous spirit of meme culture, featuring a cat with a hat theme.
Popcat (POPCAT)
- Circulating supply: 979,973,185 POPCAT
- Total supply: 979,973,221 POPCAT
- Max. supply: —
- Fully diluted market cap: $805,110,794
Leaving the dog coins behind for a moment, our third pick is Popcat. The adorable Popcat meme, featuring a domestic short-haired cat named “Oatmeal” repeatedly pressing a button, comes to life on Solana with the POPCAT token.
This project uses the meme’s inherent cuteness and potential for virality to build a strong online community. The roadmap hints at plans for gamified experiences and possible integration with popular live-streaming platforms, where viewers could use POPCAT tokens to interact with streamers.
For investors looking for a meme coin focused on lighthearted fun and a strong community presence, POPCAT is an interesting option.
BOOK OF MEME (BOME)
- Circulating supply: 68,966,327,627 BOME
- Total supply: 68,966,327,627 BOME
- Max. supply: —
- Fully diluted market cap: $559,118,964
Book of Meme (BOME) is another highly popular SOL meme coin that has attracted a lot of attention since its launch in March 2024. Notably, it was one of the first new Solana meme coins listed by Binance for perpetual futures contracts trading.
Book Of Meme takes a more creative approach than many other meme coins by aiming to build a decentralized library of memes stored on the blockchain.
BOME token holders have governance rights, allowing them to participate in curating this digital meme archive and potentially unlocking future uses for the token. For example, the BOME platform could evolve to include features like meme trading, social media sharing functionality, or even educational resources exploring the history and cultural impact of memes.
This focus on innovation and potential future utility makes BOME an attractive option for investors interested in the intersection of memes, blockchain technology, and digital collectibles.
Cat in a dogs world (MEW)
- Circulating supply: 88,888,888,888 MEW
- Total supply: 88,888,888,888 MEW
- Max. supply: —
- Fully diluted market cap: $312,997,823
Cat in a dogs world (MEW) is one of the first cat-themed meme coins on Solana, launched in March 2024, and it quickly gained popularity by challenging the dominance of dog-themed tokens. Embracing the tagline “for too long dogs have ruled the world…” captured many’s imagination.
The coin features a feline hero navigating a fictional city by night, rescuing other cats from the oppressive dog regime.
This engaging storyline has attracted a huge audience, and it’s not just cat owners who are excited about the token. More than 180,250 wallets now hold the $MEW meme coin, reflecting its widespread appeal and growing community.
PONKE (PONKE)
- Circulating supply: 429,777,374 PONKE
- Total supply: 555,548,158 PONKE
- Max. supply: —
- Fully diluted market cap: $257,810,348
Ponke (PONKE) is a character that has gone from the shadows of the crypto world to the spotlight. Known as a “degenerate gambler with anger issues” on the Solana blockchain, Ponke has made a name for itself with bold memes and wild price swings.
Despite being mysterious, Ponke has become popular among crypto fans and even caught the eye of well-known meme coin investors like Davinci Jeremie.
Even though Ponke doesn’t have a clear use or a solid history, it still attracts many investors in the Solana community. Its rebellious nature and the chance for big returns keep people interested.
Myro (MYRO)
- Circulating supply: 944,203,815 MYRO
- Total supply: 999,981,491 MYRO
- Max. supply: —
- Fully diluted market cap: $131,587,354
Myro (MYRO) is another dog-inspired meme cryptocurrency on the Solana network, launched in October 2023. It is named after the dog owned by Raj Gokal, one of Solana’s co-founders. The project was created to honor Gokal and his dog while tapping into the popularity of dog-themed narratives in the crypto market.
While Myro is essentially a meme coin, it aims to offer more than just a fun investment option by providing practical utilities and services for the Solana ecosystem, balancing entertainment with usefulness.
One of Myro’s key features is its comprehensive and public BuyBot on Telegram, which is designed to assist the Solana community. This bot helps promote cross-project collaborations, partnership opportunities, and free exposure for Solana projects through the “MYRO Trending” channel.
Additionally, the bot has the potential to generate revenue by introducing fees for certain services and displaying advertisements, with the earnings going into the Myro Treasury.
MAGA (TRUMP)
- Circulating supply: 43,997,357 TRUMP
- Total supply: 46,502,452 TRUMP
- Max. supply: —
- Fully diluted market cap: $379,378,115
MAGA (TRUMP) is one of the most popular Trump-themed meme coins, currently boasting the highest price and market cap among its peers.
Leveraging former President Donald Trump’s political brand, the Trump MAGA meme coin has made a notable impact in the cryptocurrency market. It draws on political events and Trump’s media presence, which has experienced extraordinary market performance.
Recently, it saw a surprising surge of almost 50%. TRUMP’s price jumped from $6.31 to $10.36 in just a few hours, with the market cap rising from $293 million to $469 million in less than 45 minutes.
This price change occurred after an attempted assassination of Donald Trump on July 14, 2024, while the 45th US president was speaking at a rally in a suburb of Pennsylvania.
Slerf (SLERF)
- Circulating supply: 499,997,750 SLERF
- Total supply: 499,997,750 SLERF
- Max. supply: —
- Fully diluted market cap: $102,264,032
Inspired by the popular “woman yelling at a cat” meme, Slerf (SLERF) brings humor to the Solana scene, being a top Solana meme coin.
Initially, Slerf seemed like any other new Solana meme coin. However, during its launch, the project team accidentally burned $10 million worth of presale tokens instead of distributing them to early investors. This $10 million mistake quickly made the project famous, attracting many who were eager to invest in the meme coin known for its accidental token burn—a move that perfectly embodies the chaotic spirit of meme coins.
Despite its humorous origin, Slerf is serious about offering real-world utility. The project plans to create a decentralized exchange (DEX) specifically for meme coins.
This combination of practical use and meme culture relevance makes Slerf an appealing choice for investors looking for more than just speculative gains.
Solama (SOLAMA)
- Circulating supply: 653,868,075 SOLAMA
- Total supply: 676,584,793 SOLAMA
- Max. supply: —
- Fully diluted market cap: $10,366,498
Launched on January 1, 2024, Solama (SOLAMA) is a crypto project developed on the Solana network that calls itself “The official unofficial Solana mascot.” Jokes aside, Solama has the potential to become the top Solana-based meme coin, if not one of the top meme coins in the entire cryptocurrency market.
Solama aims to provide a high level of transparency and accessibility with its token while also developing multiple ways for users to interact with the project.
For example, users can try out the Solama game, which is now available on the official Solama website. The team of developers also plans to launch the game on the App Store and Google Play. The Solama game is similar to the classic Subway Surfers, and the utility of SOLAMA might increase once the game reaches a more established phase.
Another great idea from Solama is its merchandise page, Solama Trendz. On Solama Trendz, users can choose from various types of clothing and Solama-themed designs, benefiting from free shipping, flexible payment options, and 14-day returns.
With these innovative features, Solama is working to build a strong community and become a major player in the meme coin market.
Coindoo’s Methodology for Picking the Best Solana Meme Coins
Choosing the best Solana meme coin projects for investment involves more than just looking at their underlying blockchain. Here’s a simple guide on how we ranked the top SOL meme coins, considering various key factors:
Legitimacy
Many meme coins can be scams due to the anonymous nature of cryptocurrencies and presale campaigns. However, some meme coins, like Dogecoin and Shiba Inu, have shown significant success. To assess legitimacy, we:
- Read whitepapers to understand who is behind the project.
- Checked for prior successes or reputable backers.
- Considered the transparency and communication from the team.
Anonymous teams aren’t necessarily bad, as seen with Bitcoin’s creator. The goal is to differentiate between legitimate projects and scams through thorough research and due diligence.
Tokenomics
Tokenomics is crucial in understanding the potential of a meme coin. We looked at:
- Total number of tokens created and their distribution.
- Whether the majority of tokens are distributed at launch to prevent team dumps.
- The presence of a burning mechanism to reduce circulating supply, similar to a share buyback.
Good tokenomics can help ensure fair distribution and long-term value appreciation.
Community Strength
A strong and active community can drive a meme coin’s success. We evaluated:
- The size of the community on social platforms like X (formerly Twitter) and Discord.
- Levels of engagement and support from community members.
- The presence of influencers or notable backers.
Larger and more engaged communities often indicate stronger support and potential for growth.
Market Capitalization
For meme coin investors looking for quick gains, a smaller market capitalization can be advantageous. We considered:
- The current market cap of each coin.
- Potential for rapid growth with increased buying pressure.
- The balance between market cap and community interest.
Lower market cap coins can see significant value increases with relatively small investments, making them attractive for investors seeking quick returns.
By combining these factors, we aim to identify the most promising Solana meme coins that offer a mix of legitimacy, strong tokenomics, a vibrant community, and the potential for high returns.
What is Solana?
Solana is a blockchain platform designed for decentralized and scalable applications. Founded in 2017 by Anatoly Yakovenko, it is an open-source project overseen by the Solana Foundation in Geneva, while the blockchain itself was developed by Solana Labs in San Francisco.
Often dubbed an “Ethereum killer,” Solana stands out due to its high-speed transactions and low fees compared to other blockchains like Ethereum.
Anatoly Yakovenko, with a background in distributed systems design at Qualcomm, recognized that using a reliable clock for network synchronization could significantly enhance blockchain speeds. This led to the implementation of proof-of-history, a feature that boosts Solana’s transaction capability far beyond the 15 transactions per second (TPS) limit seen in blockchains like Bitcoin.
Solana can handle thousands of transactions per second, making it competitive with centralized payment systems such as Visa, which can process up to 65,000 TPS.
The cryptocurrency that operates on the Solana blockchain is also named Solana (SOL). Currently, Solana ranks as the 5th largest cryptocurrency by market cap. Like Ethereum, SOL tokens are available for purchase on most major exchanges.
What is a Solana Meme Coin?
A Solana meme coin is a type of cryptocurrency built on the Solana blockchain-inspired by internet memes, jokes, or viral content. These coins are often created as parodies or to capture the humor of online communities, similar to how Dogecoin started as a joke based on the popular “Doge” meme.
Meme coins on Solana typically feature lighthearted or humorous themes and are driven by community engagement rather than significant technological innovation or serious financial utility. They can gain popularity quickly through social media and online communities, often leading to speculative trading.
Despite their playful origins, some meme coins can accumulate substantial market value and attract a large number of investors. However, they are also known for their high volatility and potential risks.
FAQs
What is the Best Solana Meme Coin to Buy Right Now?
There’s no guaranteed “best” Solana meme coin or best meme coins, as they’re known for being risky investments in the crypto market. However, some popular options on Solana include Bonk, Dogwifhat, Popcat, and Book of Meme.
Does Solana Have a Meme Coin?
Technically, no. Solana Labs itself doesn’t create meme coins. But the Solana blockchain, where many projects exist, is a popular spot for meme coins, so yes, meme coins exist in the Solana ecosystem. There are many out there, like Bonk, Dogwifhat, Popcat, and more.
Where to Buy Solana Meme Coins?
Your best bet is to look for Solana meme coins on cryptocurrency exchanges that already trade Solana tokens. Big names like Binance, Coinbase, Kraken, KuCoin, ByBit, and Crypto.com are good places to start. Other exchanges might also have them, but if it’s not a well-known exchange, be sure to research it carefully before using it.
Conclusion on Top Solana Meme Coins
We trust that our article provides valuable insights into navigating the dynamic world of meme coins.
Remember, this exploration is based on informed analysis rather than financial advice. Always conduct thorough research and exercise caution when making investment decisions in the ever-evolving crypto landscape, especially when it comes to meme coins.
