When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. Learn Solana’s blockchain stands out with its incredible processing speed and low transaction costs. Its ecosystem also includes meme coins, which have seen massive success in the past two years. These tokens have exploded in popularity, offering a mix of fun and investment potential.
We’ve carefully examined this trend and brought you the best Solana meme coins to buy right now, allowing meme coin investors to make informed decisions.
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Best Solana Meme Coins List
Our roundup of high-potential Solana meme tokens includes a mix of old and new projects:
- MemeLife (MEMELIFE): One of the latest Solana meme coins, raised over $250k in its presale so far.
- Lucky Boo (BOO): Dog-themed Solana meme coin offering huge airdrop rewards.
- Myro (MYRO): Top Solana meme coin with utility that had over $100 million market cap.
- Fronk (FRONK): Deflationary project with an aggressive burning mechanism.
- Bonk (BONK): The most successful Solana-based meme coin to date, returning over 12,000% in 2023.
- SHIBONK (SBONK): Trending Solana meme coin, trading over the listing price.
Top Solana Meme Coins: Full Analysis
To better understand the potential of these meme coins, we’ve provided an in-depth analysis of each. This will help you decide if they deserve a spot in your investment portfolio.
1. Meme Life – Top Solana-Based Meme Coin to Buy Now
First on our list of top Solana meme coins of 2024 is MemeLife ($MEMELIFE). Unlike many meme coins that have no utility, MemeLife offers a versatile Telegram bot with tools to help users launch new tokens without having a coding language, and to help users trade directly through the bot.
MemeLife will also reward users through interactive learning methods and achievements. There will also be referral bonuses and loyalty rewards for long-term users.
The $MEMELIFE token has a total supply of 10 billion. Of those, 30% are allocated to the presale. Early birds get to buy the $MemeLife token at a low price, which will slowly go up in time.
Aside from giving investors the chance to buy the token on Solana, there are options to buy with ETH, BNB, USDT, or a card.
Make sure to follow MemeLife on X and join the MemeLife Telegram to get the latest updates.
Why Invest in MemeLife?
- Raised over $200k in the presale so far
- Offers utility on top of being a meme coin
- Price at a discount during the presale
- Potential reward opportunities
2. Lucky Boo (BOO) – Dog-Themed Solana Token That Offers Airdrop Rewards
Lucky Boo ($BOO) is another candidate for the best Solana meme coins to buy in 2024. Launched with a presale in April 2024, this new Solana coin features a charming puppy avatar named Lucky Boo, designed to be a lucky charm for investors. Although it lacks utility, its airdrop campaign aims to build a large following.
From an 8.1 billion token supply, 40% will be provided through airdrops. The airdrop rewards will primarily be shared with early presale investors. With the first stage of the presale selling out rapidly, interested investors can buy $BOO through the second stage.
Connect to the presale website with Phantom or another Solana-compatible crypto wallet. With an investment of 1 $SOL, you can get 178,444.44 $BOO tokens through the current presale stage.
Since $SLERF, $BONK, and other Solana-based coins have been soaring in 2024, $BOO could also follow in their footsteps.
Read the Lucky Boo whitepaper and join the Telegram channel to stay updated with this cryptocurrency.
Why Invest in Lucky Boo?
- They’ve announced one of the biggest Solana airdrops, where new investors will be rewarded
- $BOO is expected to be listed on major exchanges worldwide
- 45% of the overall supply will be allocated to marketing to bring more investors
3. Myro (MYRO) – Popular Meme Coin Based on Solana Co-Founder’s Dog
Myro (MYRO) is a meme coin within the Solana ecosystem, inspired by the dog of Solana’s co-founder Raj Gokal. The coin aims to promote active engagement in the crypto world gaining popularity with its unique dog-themed approach.
Unlike other popular dog meme coins, Myro offers some utility. It can facilitate transactions on the Solana blockchain and be traded with other cryptocurrencies. There is also a Myro Buy Bot and a social mobile app. The app allows users to sell images and media as cNFTs. Those who like or favorite these posts can earn a share of the sale price.
Although it started as a fun project, MYRO had a market cap of over $100 million at one point, which made it one of the most popular meme coins on Solana.
You can buy MYRO on Jupiter or any other Solana DEX, but you can also buy it on centralized exchanges like ByBit, BitGet, KuCoin, HTX, and MEXC.
Why Invest in Myro?
- One of the rare meme coins that actually have utility
- Offers limited-edition merchandise for token holders
- You can make payments on the Solana network with Myro, as well as trade with other cryptocurrencies
4. Fronk (FRONK) – Cheap Solana Meme Coin With a Fair Distribution System
Fronk is a Solana meme coin using the same logo and theme as Pepe. For those unaware, Pepe is one of the best-performing meme coins of 2024, gaining over 2,500% in under three months of trading. While Fronk has yet to replicate the successes of Pepe, this meme coin might appeal to budget investors.
After all, Fronk is trading for micro pennies, currently at $0.000000001771. This yields millions of FRONK tokens for every $100 invested. In addition, Fronk claims that there is “no place for injustice on Solana.” This is why Fronk distributed 45% of its total supply to selected Solana stakeholders. This includes holders of Okay Bears, y00ts, and DeGods – projects on the Solana network.
Another aspect of Fronk is that it is a deflationary cryptocurrency. It regularly burns FRONK tokens from its total supply. So far, 34% of all outstanding tokens have been removed from circulation.
Unfortunately, this hasn’t yielded any success on the Fronk pricing chart. On the contrary, Fronk is down 98% from its initial listing price. That said, such significant declines can be seen across the meme coin landscape, often owing to the bear market. Fronk can be purchased on the Solana-based DEX, Raydium.
Why Invest in Fronk?
- An incredibly cheap Solana-based meme coin that can explode with the summer meme coin frenzy
- It’s a high-risk, high-reward cryptocurrency with both a potential for high returns and high losses
- The community can earn points to win rewards
5. Bonk (BONK) – The Most Successful Solana Meme Coin to Date
Some would argue that Bonk is the blueprint for succeeding in the Solana meme coin space. As noted earlier, Bonk is one of the best Solana ecosystem coins. It was launched in January 2023 and, in under a week, produced gains of over 4,000%.
This was achieved through a strong marketing campaign and plenty of hype and FOMO. Although the coin’s price fluctuated throughout 2023, it peaked on March 4th of this year. At that time, the coin was priced at $0.00004547. Even though the price decreased after that, we saw another increase again in April, while the coin’s price today (mid-June) is $0.0000204.
Compare this to the broader crypto market, and you’ll realize Bonk is one of the best-performing projects in 2024. This is the case even though Bonk has no identifiable use cases. Nor does its native BONK token have any utility within the Solana ecosystem.
Nevertheless, Bonk’s market value is over $1.5 billion right now. It remains to be seen whether this coin will continue pumping this upcoming summer.
Why Invest in Bonk?
- A 100% community-oriented token, with 50% of the total supply airdropped to the Solana community
- There is a real potential for it to reach $1
- It has a market cap of over $1 billion and is one of the rare meme coins listed on Binance
6. SHIBONK (SBONK) – Trending Meme Coin Trading Over Listing Price
The final coin on our list is SHIBONK, a trending Solana meme coin launched in January 2023 at $1.39.
It then witnessed a major bull run, hitting peaks of over $8 in under a month of launching. This translates into gains of almost 500%. However, shortly after that, the price of SHIBONK declined to $0.31.
Like many other meme coins, this year has been quite successful for SHIBONK. It reached another high of $11.2 on March 13th. However, the price has again decreased, and now it’s trading at $4.15, which is still an over 190% increase from its listing price.
Another positive of this coin is that it is a small-cap cryptocurrency with just $409k. This means that even a small wave of buying pressure could see the meme coin record notable gains. In addition, SHIBONK has created its own NFT series—the Shibonk Gang. There are 4,200 unique NFTs in total, all of which have been hand-drawn. Those looking to buy SHIBONK can do so at Raydium and Jupiter.
Why Invest in SHIBONK?
- An extremely popular meme coin that is still trading above its listing price
- You can stake the Shibonk NFTs and earn some $SBONK
- A big social media community with over 76k followers on X
An Overview of How Solana Meme Coins Work
Solana meme coins are aimed at high-risk investors who want to make huge profits in a short time. Meme coins on the Solana network operate much the same as other ecosystems. For example, just like Pepe, Shiba Inu, FLOKI, and Bone ShibaSwap, Solana meme coins have few to no use cases.
Instead, Solana developers create meme coins for speculative purposes, and investors buy them hoping to make a significant return. Bonk is a great case study illustrating what’s possible in the Solana meme coin space.
Bonk, which has no utility or use cases, was launched in January 2023 via a 50% airdrop. Through an aggressive market campaign, it created FOMO and hype in the crypto community. In turn, Bonk generated gains of over 4,000%, achieved in a matter of days.
However, as attractive as meme coins sound, the vast majority do not replicate Bonk’s success. In fact, most crash and burn, leaving investors with worthless tokens.
Ultimately, finding the best meme coins on Solana is a challenging undertaking. Investors will need to consider diversifying their meme coin portfolio to reduce the risks and increase their chances of picking a gem. Diversification should include multiple ecosystems, including Solana, Ethereum, and Binance Smart Chain.
Is Solana a Good Network for Meme Coins?
The most successful meme coins operate on the Ethereum blockchain. This includes everything from Dogelon Mars and Pepe to Shibab Inu and FLOKI.
That said, more and more meme coin projects are considering Solana. Let’s explore why this is the case.
Cost-Effective Transactions
Ethereum’s high fees put off casual meme coin investors. While these will fluctuate depending on how busy the network is, Ethereum GAS fees can exceed $10. This makes it unviable for those looking to invest in meme coins with a few dollars.
Now compare this to Solana, which has an average transaction fee of $0.00025. This makes it very cost-effective for small-scale investors. Low transaction fees are also beneficial to meme coin traders and projects looking to launch an NFT collection.
For instance, consider a meme coin NFT collection of 10,000 units. Each NFT is unique and requires an individual transaction on the blockchain. With an average transaction fee of $0.00025, the entire NFT collection would cost just $2.5.
Scalability
Another reason some meme coins are choosing Solana over Ethereum is its increased scalability. For example, recently Ethereum was able to handle just over one million transactions, which translates into approximately 12 transactions per second.
Now compare this to the Solana blockchain, which can handle up to 65,000 transactions per second. This outperforms the likes of Visa, which, according to Crypto.com, can handle up to 24,000 transactions per second.
This makes Solana ideal for meme coin launches. There are no fears of transaction overload, meaning meme coins can operate smoothly and efficiently.
Why is Scalability Important?
Scalability refers to the number of transactions a specific blockchain can handle each second. If more users attempt to transact on a blockchain than it can handle, the network becomes clogged.
As seen with Ethereum, this results in high fees and slow transactions, making the blockchain inefficient. In contrast, Solana is one of the most efficient blockchains in the market because it can handle tens of thousands of transactions per second.
Energy Efficient
When marketing their projects, meme coins need all the unique selling points possible. One such angle is energy efficiency, which is an appealing plus point for many.
For example, Solana notes that its network has a 0% net carbon impact. Solana also notes that a single transaction uses the “same amount of energy as a few Google searches.”
Meme Coin Staking
The Solana blockchain uses a proof-of-stake mechanism, which means that meme coins based on it can offer staking rewards to token holders.
This allows meme coin investors to earn passive rewards while waiting for their tokens to moon. Many of the best Solana meme coin projects offer staking tools directly on their websites.
To ensure our readers receive unbiased, thorough, and reliable information, we conduct extensive research and analysis of a wide range of cryptocurrencies. We assess each crypto asset based on 14 distinct criteria, some of which include: By following this thorough approach, we provide comprehensive and reliable reviews tailored to the needs of crypto enthusiasts and investors alike.How We Analyze and Review Cryptocurrencies
1000+ Crypto Assets Reviewed
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Conclusion
Despite a smaller pool of options, Solana has experienced a surge in successful meme coins recently. In this article, we reviewed the best Solana meme coins and evaluated their investment potential.
Currently, MemeLife is one of the top Solana meme coins that has gone viral and raised over $200k in the presale so far.
References
- https://coinmarketcap.com/currencies/bonk1/
- https://www.cnbc.com/2021/01/28/wallstreetbets-and-gamestop-reddit-investing-frenzy-spreads-overseas.html
- https://coinmarketcap.com/currencies/shibonk-/
- https://coinmarketcap.com/currencies/soldoge/
- https://fronk.xyz/token
- https://coinmarketcap.com/currencies/pepe/
- https://coinmarketcap.com/currencies/fronk/
- https://coinmarketcap.com/currencies/moonlana/
- https://www.gemini.com/cryptopedia/solana-blockchain
- https://ethereum.org/en/
- https://academy.binance.com/en/glossary/market-capitalization
- https://ycharts.com/indicators/ethereum_transactions_per_day
