13 Top Solana Meme Coins Worth Noting in 2024
Bitcoin has kicked off 2024 on a high note, its price hitting a new all-time high (ATH) of $73,737 on Mar 14, 2024 that quickly began to dip, closing the week at $68,526.
However, despite Bitcoin’s price retreat, Solana’s SOL token went on to hit $200 for the first time since November 2021, which is $60 short of its ATH of $260. Its ecosystem, which is cheap, fast and scalable, has witnessed significant growth this bull run, especially its meme coins, which have been pumping tremendously since the start of the year.
Let’s take a deeper look at Solana’s meme coin frenzy and the top meme coin projects in its ecosystem that have been breaking price charts week after week.
Key Takeaways:
As an ecosystem, Solana has witnessed explosive growth in 2024 due to the incredible pumps being displayed by the numerous meme coins popping up in its ecosystem.
The BONK meme coin started a meme coin revolution on Solana, gaining serious momentum and minting millionaires overnight.
Most of the Solana meme coins have no inherent value, and are designed to add liquidity back into the Solana ecosystem.
Top Solana Meme Coins
Solana has experienced a booming meme coin economy that has found its ecosystem fertile with opportunities due to the platform’s speedy and affordable execution of transactions.
The once-struggling project experienced a significant turnaround after its leading meme coin, BONK, was airdropped to existing Solana users. The BONK airdrop initiated a meme coin revolution on Solana, which gained traction in 2023 but exploded in 2024.
Following are the top Solana meme coins that have gone parabolic over the past few months.
1. Dogwifhat (WIF)
This trending Solana meme coin is literally just that — it’s based on the image of a dog wearing a pink hat. While it may seem unbelievable, WIF has become an instant hit and managed to surpass $2 billion in market capitalization.
As with most meme coins, the token doesn’t have a clear utility. However, it’s built to fuel a new generation of crypto believers who aren’t restricted by geographical boundaries when it comes to finance and technology.
Launched in November 2023, its value has risen from an all-time low (ATL) price of $0.001555 on Dec 13, 2023 to hit an ATH of $3.47 on Mar 15, 2024 — an increase of over 223,051% in four months. This price surge has led WIF to achieve a market cap of over $2.38 billion, pushing it to the top five meme coins in the crypto market.
WIF’s success is attributed to its army of followers, who have completed a record-breaking $700,000 fundraising to display the “dog wearing a hat” on the exterior screen of the Las Vegas Sphere, which has further publicized the token. The platform has also indicated that it’s working on a WIF hat generator as part of its community-focused activities.
2. Bonk Inu (BONK)
Dubbed the “dog coin of the people”, 30 million BONK tokens were airdropped to Solana Saga smartphone users who minted a genesis token via the DApp store in December 2023, which led to a revival in Saga phone sales.
Since then, this community-driven token has grown tremendously. Over 650,000 users currently hold it, and it’s available across ten blockchains. The dog-themed meme coin mimics Ethereum-based dog-themed meme coins, such as Dogecoin and Shiba Inu, and is also among the top 100 cryptocurrencies due to its ballooning market cap.
At its peak, BONK price hit a high of $0.00004547 on Mar 4, 2024 — a whopping 52,686% increase from its ATL of $0.000000008614 four days after its launch (Dec 29, 2022).
BONK is a multi-utility token that powers the Bonk ecosystem and aims to provide a community-powered decentralized platform. It has integrated over 119 projects, including top decentralized finance (DeFi) platforms like Wormhole and Injective. Additionally, it features BonkSwap for lightning-fast token swaps, and BONKbot, which claims to be Solana’s fastest Telegram trading bot.
3. Peng (PENG)
Another token that’s been topping the Solana meme coin mania is PENG, a penguin-themed meme coin that’s designed to boost liquidity on the Solana blockchain. While the PENG coin uses the form of a penguin, it bears a hint of resemblance to the frog-themed PEPE meme coin.
Following its launch in early March, PENG rose from an ATL of $0.0837 on Mar 7, 2024 to hit an ATH of $2.14 on Mar 15, 2024, a rally of over 200% from its previous day's price at $0.65. Its meteoric rise can be attributed to its army of followers on X, which hit over 14,000 followers within a week after launch. At the time of this writing (Mar 25, 2024), PENG has cooled off and dropped by over 72% to trade at $0.595.
The PENG project has also released a PENG avatar generator that allows you to create your own Penguin in Peng’s “laboratory.”
4. Book of Meme (BOME)
As one of the latest entrants into the Solana meme coin arena, BOME has caused quite a stir. Following its launch on Mar 14, 2024, BOME rallied from a price of about $0.00005848 to hit a high of $0.02689 on Mar 16, 2024 (an increase of over 45,000% within two days), as it crossed the $1 billion mark in market cap.
That same day, Binance listed BOME across multiple spot pairs in its market and launched BOME’s perpetual contract with leverage of over 50x. Following the announcement, BOME exploded in popularity. However, this also resulted in allegations of insider trading against the platform, although these were ultimately dismissed following an internal inquiry.
Another plausible reason for the coin’s surge is FOMO from meme coin enthusiasts, especially those who missed out on the WIF pump.
At the time of this writing (Mar 25, 2024), BOME’s price has retreated by around 48% to a price of $0.01397. However, the crypto community is waiting to see whether BOME continues to rally once Bitcoin bounces back.
5. Slerf (SLERF)
SLERF is another newborn in the Solana meme coin family. Similar to BOME, SLERF has rallied immensely despite its developer’s controversial revelation on X, claiming to have burned the LP tokens set aside for the token’s airdrop.
Despite this revelation, SLERF pumped by 252% within a day from $0.3693 on Mar 18, 2024 to $1.30 the next day. While the glitch occurred as the token was raising funds through its pre-token sale, SLERF proceeded to list on exchanges, making its price pump within hours. Despite some suspicions that this was a marketing gimmick by the developer, SLERF has done incredibly well for a new token.
6. Myro (MYRO)
MYRO is a dog-themed meme coin named after Myro, the dog of Solana's co-founder, Raj Gokal. As such, it's earned the nickname “Solana Founder's Dog.” While the meme coin pays homage to Gokal’s pooch, it's also designed to meet the demand for a dog-themed meme coin narrative in the Solana ecosystem. The project has released Myro plushies, which enthusiasts can pre-order and pay for using MYRO, SOL or USDC.
Released in November 2023, the MYRO token has rallied by 22,095.5% from a low of $0.001995 on Nov 12, 2023 to an ATH of $0.4428 on Mar 9, 2024. At the time of this writing (Mar 25, 2024), MYRO has dropped by over 46% from this peak price to trade at $0.2365.
7. Popcat (POPCAT)
POPCAT is a cat-themed meme coin designed to woo those who missed out on BONK. According to the project’s site, its concept involves a cat named Oatmeal in a series of videos in which the cat is photoshopped, opening its mouth to form an “O” shape.
POPCAT has done remarkably well, pumping from its lowest price at $0.003797 on Jan 5, 2024 to its ATH at $0.3723 on Mar 15, 2024, representing a hike of over 9,700% in under three months. Currently (Mar 25, 2024), however, it’s trading at $0.2288, a 38.54% decrease from its ATH.
8. SillyCat (SILLYCAT)
SILLYCAT, another cat-themed meme coin, was created to respond to the demand for feline coins on Solana while helping to drive the growth of its ecosystem. Launched in February 2024, the token has rallied from an ATL of $0.0000000005095 on Feb 27, 2024 to an ATH of $0.00000002198 on Mar 15, 2024 — an increase of 4,214.03% within three weeks.
The token has, however, dropped by 75.89% to a price of $0.0000000053 as of Mar 25, 2024.
9. Pou (POU)
With a strong community behind it, the POU token has no actual use cases yet but is part of the meme coins driving utility into the Solana ecosystem. The Pou website features a community-made game in which you can pick from two adorable characters to catch the POU that drops from the sky.
This meme coin pumped by over 5,417% within four days, rising from an ATL of $0.002824 on Mar 11, 2024 to an ATH of $0.1558 four days later.
10. PONKE (PONKE)
PONKE is a Solana-based monkey-themed meme coin that depicts an angry degenerate gambler. Its strong community, known as the Ponke Army, has been active in a campaign that requires them to put helmets on the monkeys using the platform's tool.
Within the past three months, the PONKE token has pumped by 1,710.34% from an ATL of $0.00928 on Jan 3, 2024 to an ATH of $0.168 on Mar 14, 2024.
11. Wen (WEN)
WEN is a robot cat meme coin designed to scale the Solana ecosystem. The unique thing about this meme coin is that each WEN gives you an equal share of ownership of Meow's poem, “A Love Letter to Wen Bros,” a fractional NFT for the WEN community.
Wen has also developed the Wen New Standard (WNS) through the Wen Foundation, allowing builders to create tokenized assets on Solana. WNS is fully open-source, easy to integrate with Solana and highly functional with low minting costs.
Similar to other Solana meme coins, WEN has performed exceptionally well this year, pumping from an ATL of $0.0000156 on Jan 26, 2024 to an ATH of $0.0004106 on Mar 9, 2024, an increase of 2,532.05%.
12. Solama (SOLAMA)
Solama is a llama-themed meme coin designed to be the “unofficial mascot” of the Solana ecosystem. Like the other meme coins in this article, SOLAMA is meant to draw people back into Solana in a lighthearted way.
As a project, Solama has several components, such as SolamaTrendz, which sells merchandise that gives a certain share of the profits to SOLAMA holders. There are also Solama memes to engage its community, and a Solama game available for PCs and mobile devices.
SOLAMA has pumped incredibly over the past two months, rising by 91,359.7% from a low of $0.0001651 on Jan 8, 2024 to an ATH of $0.151 on Mar 8, 2024. However, it has since declined by 76.49% to its current price of $0.0355.
13. Smog (SMOG)
Smog is a Solana-based fire-breathing dragon meme coin that has approached the crypto space from a staking perspective. Besides running on Solana, Smog also runs on Ethereum.
The project encourages meme coin enthusiasts to stake or hold SMOG tokens for 90 days in order to earn points, which makes them eligible for an airdrop. Its first season is scheduled to conclude on Apr 3, 2024, with the second season already underway (since Mar 15, 2024).
The project distinguishes itself through its clear-cut tokenomics, clearly setting SMOG apart from its peers. SMOG tokens are distributed as such:
Marketing efforts — 50%
Airdrop rewards — 35%
Reserved for CEX launches — 10%
Reserved for adding liquidity for DEX launch — 5%
SMOG has pumped by 1,906.38% in one month, increasing from an ATL of $0.01883 on Feb 8, 2024 to an ATH of $0.3772 on Mar 8, 2024.
What to Consider When Investing in Solana Meme Coins
Evidently, Solana meme coins can make you rich overnight. However, similar to other projects in crypto, high returns carry high risk. As such, keep the following considerations in mind when buying Solana meme coins.
Assess Your Risk Appetite
While meme coins can provide a lucrative avenue to riches, the meme coin landscape is also filled with pump-and-dump projects and rug pulls in which you can lose your assets in the blink of an eye. Therefore, when investing in meme coins, gauge your risk appetite and consider whether you’re prepared for any losses and, if so, how much.
Do Your Research
It’s true that very few meme coins have any actual use cases. You’ll need to research each project's vision and surmise whether it’s promising, and can impact the crypto space. You may find that some of these projects have sparse information — which is usually a red flag.
Look at the Project’s Community
In order for a meme coin to moon, a strong community (“an army”) is needed to create buzz around the project. You can visit the project’s social media pages — especially X, Discord and Telegram — to see what its community says about the project.
Diversify
Diversification is key when investing. With meme coins, invest only what you’re willing to lose. To cushion yourself, invest in other crypto assets, such as NFTs and altcoins.
Monitor Market Trends
The meme coin narrative is quite sensitive to market movements. Watch how the crypto market is performing, especially blue chip cryptocurrencies, since meme coins respond heavily to how these fundamental assets move.
Where to Buy Solana Meme Coins
You can buy Solana meme coins on centralized exchanges (CEXs). We highly recommend Bybit, which provides a user-friendly platform with advanced security measures for you to trade meme coins. You can also buy these meme coins through Solana DEXs, such as Raydium and Jupiter, or through Solana wallets like Phantom.
Closing Thoughts
The current Solana meme coin mania hasn’t gone unnoticed by the crypto community. It’s brought attention back to Solana, a leading blockchain in the web3 space due to its scalability and its fast and cheap transactions.
The meme coins described above have proven that a strong community spirit coupled with technological innovation can lead to limitless possibilities. While meme coin investors do need to understand the psychology of meme coins, and to appreciate that these are high-risk assets, let’s keep an eye on the Solana meme coin space as the current bull run continues to unfold.
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