13 Top Solana Meme Coins Worth Noting in 2024
As of late July 2024, the Solana (SOL) meme coin niche of the crypto market continues to feature some of the strongest category growth rates, amassing a combined market cap of $8.75 billion and attracting the attention of crypto investors, including those who have previously shunned meme coins. It's easy to see why wider segments of investors and traders are paying closer attention to Solana meme coins, as these assets often feature growth rates and return opportunities that are hard to source elsewhere in the market.
This review looks at the 13 best Solana meme coin projects, crypto assets that are part of a burgeoning and paradigm-defining category.
Key Takeaways:
As of late July 2024, Solana meme coins boast a combined market cap of over $9 billion, with the WIF and BONK coins confidently ahead in the category rankings, both sporting market caps in excess of $2 billion
While the peaks of the Solana meme coin market were back in March/April 2024 and late May 2024, the category continues to perform strongly, with some notable coins — such as MEW and MUMU — climbing to their highest levels by the time of our review in late July 2024.
Top Solana Meme Coins
Over the past year (mid 2023–mid 2024), Solana has become a major competitor to Ethereum (ETH) for meme coin projects. The best Solana meme coins are featuring unprecedented growth rates, and two projects have already amassed market caps in excess of $2 billion. While the category is characterized by wild ups and downs, it harbors some of the best profit opportunities around for investors not shy of high-risk/high-return markets.
Below, we review the 13 best meme coins on the Solana network, crypto assets that are quickly transitioning from being only a source of jokes and fun to becoming potentially viable investments for traders with a penchant for risk and humor.
Our review reports on market caps and prices as of Jul 26, 2024. Naturally, given the volatility of meme coins in general, the precise figures may change past our review date.
1. Dogwifhat (WIF)
Dogwifhat (WIF) is the current leader of the Solana meme coin rankings. Launched in November 2023, WIF features a picture of a cute dog wearing a hat. WIF is among the earlier Solana meme coins that have driven the rise in its blockchain's popularity for these assets since late 2023/early 2024.
Until late February 2024, WIF had been a relatively minor coin within the overall crypto industry and Solana ecosystem. At the tail end of February, the coin began to rapidly appreciate, igniting the initial sparks of the Solana meme coin frenzy. Between Feb 24, 2024, when it traded at a level slightly below 30 cents ($0.2974), and Mar 31, 2024, when it climbed to an all-time high (ATH) of $4.83, the coin grew by 1,524% — a spectacular growth rate that WIF owes both to its enthusiastic user community and the overall rise in interest in Solana meme coins.
Although WIF's price has retreated from its March/April highs, it maintains a category-leading market capitalization of around $2.58 billion, trading at $2.59 on Jul 26, 2024.
2. Bonk (BONK)
Created by the team at the Dexlab decentralized exchange (DEX) in December 2022, Bonk (BONK) is often referred to as the original dog-themed Solana meme coin. Although its launch occurred well before the active phase of the Solana meme coin mania, which only set in on a grand scale in early 2024, BONK was the first coin to help popularize Solana as a key alternative to Ethereum for meme coin issuers.
The entire first half of 2024 proved to be highly successful for the coin. In early March 2024, at a time when Solana-based meme coins were taking the market by storm, BONK reached its ATH of $0.00004547. It then quickly dropped off these highs, but was back hovering around the $0.00004 level by late May. It currently trades at $0.000028, and has the second-highest market cap among Solana meme coins at around $1.97 billion.
3. Popcat (POPCAT)
Popcat (POPCAT) is a cat-themed project that allows users to create and share their own meme coins. The coin is based on a viral internet meme depicting a cat named Oatmeal. In the meme, Oatmeal's image with an open mouth is edited to shape it like the letter “O”. Popcat also features a simple clicker game where you click on the cat to let its mouth pop “O”, with the clicks added in real time to accumulate as part of a worldwide total.
Launched in December 2023, POPCAT began climbing confidently in price and market cap rankings in March 2024. However, it wasn't until July 2024 that the coin entered the top echelon of Solana meme coins. On Jul 21, 2024, POPCAT nearly approached the psychologically important $1 billion market cap level.
Its current market capitalization is $846.5 million, and it’s the third-highest-capped Solana meme coin, behind WIF and BONK. POPCAT's current price is $0.8488.
4. cat in a dogs world (MEW)
cat in a dogs world (MEW) is a meme coin created to overthrow the dog-dominated meme coin world. MEW's spellbinding story — its cat character as superhero, seeking to save his friends from the evil dogs reigning over a futuristic world — and its innovative tokenomics have piqued the interest of investors. MEW’s tokenomics are cleverly crafted to boost its potential value by burning 90% of its total token supply as liquidity provider (LP) tokens.
Launched in late March 2024, MEW is a newer player in the Solana meme coin niche. Within five days of its launch, it skyrocketed to a market cap of $685.2 million. While it slumped shortly after achieving its ATH in March 2024, MEW recently emerged as one of the trending cryptos in July 2024 to become the fourth-biggest Solana meme coin project by market cap. MEW currently trades at $0.0077 and has a market cap of $685.43 million.
Source: x.com/MewsWorld
5. Book of Meme (BOME)
Launched by digital artist Darkfarms, the Book of Meme (BOME) project aims to provide a platform for storing and sharing memes. As such, Book of Meme is quite different from most other meme coins, thanks to its meaningful real-world functionality.
Similar to MEW, BOME was launched in March 2024, surprising both crypto analysts and the Solana community when its market cap catapulted from virtually nothing on the day of launch (Mar 14, 2024) to over $1 billion just three days later. Since its spectacular debut in mid March, BOME has been among the highest-capped Solana meme coins. Although the coin no longer features those +$1 billion market cap levels, it's still among the leading coins in the niche, with a current cap of $571.66 million. BOME currently trades at $0.00818.
6. Ponke (PONKE)
While dogs and cats seem to be the most popular animals for Solana meme coin themes, monkeys and apes — traditionally revered in the crypto community since the days of the Bored Ape Yacht Club (BAYC) — have been going nowhere.
That is, until PONKE's arrival.
Ponke (PONKE) is a Solana meme coin themed around a monkey described as a "degenerate gambler with anger issues." The coin was launched in late December 2023, and soon afterward it received endorsements from crypto influencers and fervent support from its social media fan base — the “Ponke army.”
In early May 2024, PONKE's price and market cap grew rapidly, quickly establishing it as one of the leading players in the Solana meme coin market. On May 9, 2024, the coin's market cap stood at just $65 million — and only two and a half months later, by Jul 26, 2024, that figure had grown nearly fivefold to reach $312.4 million. PONKE currently trades at $0.5964.
7. Billy (BILLY)
Billy (BILLY) is a meme coin represented by a cute puppy named Billy, a playful twist on the word "billions," as it aims to be worth "billions." It was launched recently (mid June 2024), and started making waves within two weeks of its launch, shooting up from a low of $0.0266 on Jun 27, 2024 to reach $1.19 by July 6. BILLY continues to stay strong in its uptrend, achieving an ATH of $0.2315 as recently as Jul 21, 2024. Currently, it’s the eighth-largest Solana meme coin by market cap at $172.05 million, trading at $0.1865.
Remarkably, BILLY achieved this success without any apparent use cases or activity on its website, which is developing a Billy meme generator. Users can create their own memes to further enhance the coin’s appeal within the community. When this generator bot is unveiled, BILLY is expected to jump to new heights — and possibly take a seat among the top five Solana meme coins.
8. Michi (MICHI)
michi (MICHI) is a Solana meme coin themed around a cute cat named Michi. The Michi cat is depicted in numerous memes on the project's website, wearing various outfits, reading a book and playing musical instruments.
Source: MichiSolana.org
You can also create your own Michi meme using a meme maker offered by the project. Michi's team aims to make the coin the leading cat-themed Solana meme project.
Launched in April 2024, MICHI started attracting the attention of meme coin traders the following month. By late May, the coin's market cap nearly touched the $200 million mark before intense competition in the field led to a fourfold decline to about $50 million one month later. By late July, however, MICHI was confidently on the way up, recovering to a market cap of $159.9 million. The MICHI coin currently trades at $0.2818.
9. Mumu The Bull (MUMU)
If the avalanche of cat- and dog-themed meme coins has become boring for you, you might like the bull-themed Mumu the Bull (MUMU) coin. While it’s a classic meme coin without real-world utility, Mumu the Bull still pursues a noble and rather rebellious mission: "To dethrone the establishment and forge the ultimate decentralized currency."
Launched in March 2024 at a time when many other Solana meme coins hit the market, MUMU attempted to ride the wave of the niche's popularity. Between its launch and our review date, the coin has largely been on a long-term uptrend, although with frequent local ups and downs in its price journey. While many Solana meme coins are off their historical peaks, achieved either in March/April or late May 2024, MUMU is scaling heights it hasn't seen before. MUMU hit its new ATH of $0.00007819 just a day ago and currently trades at $0.00007306 with a market cap of $165.49 million.
10. Myro (MYRO)
Myro (MYRO) is yet another dog-themed Solana meme coin. The coin was inspired by Myro — the dog of Solana's co-founder Raj Gokal. The Myro project is distinct from the majority of other Solana meme coins because it features some crypto products with real-world utility. For instance, Myro’s team has released the first crypto-buying bot for Telegram, the Myro Buy Bot. There are also plans for the future release of a SocialFi mobile app.
Released in November 2023, MYRO reached its pinnacle of success in early March 2024 when its ATH surged to $0.4428, with the coin posting its record-high market cap of slightly over $400 million. By the time of this review, MYRO is trading at $0.144, with a market cap of $148.05 million. While never the exclusive leader of Solana meme coins, MYRO has consistently maintained its ranking around the tail end of the top 10 of these cryptos.
11. Wen (WEN)
Wen (WEN) is a Solana meme coin themed around a robotic cat. WEN has leveraged the concept of fractional NFTs to come up with something quite unique — every WEN holder is entitled to a fractional NFT that’s part of a poem called "A Love Letter to Wen Bros.” The poem was written by Meow, the founder of the Jupiter DEX. Meow originally posted the poem on X and turned it into an NFT with fractional ownership.
Launched in January 2024, and at its peak in March, WEN crossed the $360 million mark in market cap. The coin has dropped off these highs since, currently featuring a market cap of $105.56 million and trading at $0.00014.
12. Maneki (MANEKI)
MANEKI (MANEKI) is a meme coin project inspired by the famous Japanese Maneki figurine in the form of a cat waving its arm. The figurine is said to bring good luck, wealth and happiness. Launched in April 2024, MANEKI is a relatively new player in the world of Solana meme coins. Less than two months after its launch, in early June, the coin recorded a market cap of over $170 million, becoming a notable player in the niche.
Similar to many other meme coins, MANEKI has retreated from its earlier highs by now. It currently has a market cap of $88.05 million, and is trading at $0.010.
13. ORC (ORC)
The inventive mind of Solana meme coin issuers has something for fantasy lovers as well: the ORC (ORC) project has departed from the tradition of dedicating coins to animals, and instead has themed their meme coin on a legendary orc who loves to collect gold.
Launched recently on Jul 12, 2024, ORC began rallying just a week later to reach an ATH of $0.01816 by Jul 21, with its price maintaining this level. This was a significant success for the coin, a relatively low-cap asset compared to the meme coins we've covered above, with a current market cap of nearly $15.67 million.
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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 risks. As such, keep the following considerations in mind when buying Solana meme coins.
Assess your risk appetite
While meme coins provide a lucrative avenue to make riches, they’re also filled with pump-and-dump projects and rug pulls. You can potentially lose your assets in the blink of a second. Therefore, with meme coins, gauge your risk appetite and consider whether you’re prepared for any losses.
Do your research
It’s true that very few meme coins have any actual use cases. You’ll need to research the specific project's vision and learn whether it’s promising and can impact the crypto space.
You may find that some of these projects have sparse information — which, in most cases, is a red flag.
Look at the community
For a meme coin to moon, a strong community (or 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 the community says about the project.
Diversify
Diversification is key when investing. With meme coins, invest no more than 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 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 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.
These meme coins have proven that a strong community spirit coupled with technological innovation can lead to limitless possibilities. However, meme coin investors need to understand the psychology of meme coins, and appreciate that they’re high-risk assets. Regardless, let’s keep an eye on the Solana meme coin space as the bull run continues to unfold.
Disclaimer: All trading carries risk. Only risk capital you can afford to lose.
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