3 Trending Solana Meme Coins to Watch Out in 2024

The Solana meme coin trend first started with BONK in December 2023 and various other SPL tokens like JTO and WIF joined the party. Even though the price rallies that started at the Solana meme coin craze are now weakened, other tokens are replacing them, continuing the Solana meme coin trend.

BONK, WIF, and MYRO are the top trending Solana meme coins along with others like SAMO, POPCAT, PONKE, etc. They have even entered the top meme coins list and it’s not even half a year since most of these tokens have launched. Let us learn more about these Solana meme coins in the present article.

Trending Solana Meme Coins

After Dogecoin, the original meme coin, Ethereum-based meme coins took over the meme coin industry in crypto. Later, when Ordinals protocol was introduced on Bitcoin, BRC-20 tokens took the reins from Ethereum-based meme coins in 2023. Now, Solana meme coins are stealing the attention from crypto investors with their continuous price rallies.

The introduction of Solana meme coins like BONK combined with the deployment of decentralized apps like Jito and SPL token listings and airdrops have pushed the Solana price, making it cross the $100 mark in December 2023. If the same trend continues, we can witness another Solana price boost this year.

BONK

BONK is one of the first Solana-based meme coins to become popular around a couple of months back. It is also the first dog-based meme coin developed and deployed on the Solana network.

Around 50% of its supply was airdropped randomly to investors, NFT collectors, developers, and artists. Apart from being a dog-based meme coin, BONK aims to enhance liquidity for Solana-based decentralized applications.

The BONK token witnessed huge gains in December, 2023. It followed a sharp price spike in mid-December and reached a peak of $0.000024 on 15 December, 2023. Today, BONK is the third-largest meme coin by market capitalization, as per CoinMarketCap, recording an overall growth of 9,500%.

BONK token listing on major exchange platforms to buy, its price rise, and increased investor sentiment are major reasons why Solana price has increased by the end of December, 2023. But, its growth slumped as the new year entered and further dropped to as low as $0.000009771, as of February, 2024.

Dogwifhat

Dogwifhat is the next top trending meme coin on the Solana network. It has an interesting origin story which says that the WIF token was born from an internet meme of a Shiba Inu dog wearing a pink crochet hat.

Being based on the Shiba Inu meme and one of the Solana meme coins contributed hugely to the market performance of the WIF token. And the token listing on popular crypto exchange platforms like Binance has also allowed a wide range of investors to access the WIF tokens and played a part in its price rise.

Similar to the price chart of the BONK token, the WIF token has also seen considerable price surge in December 2023 and dropped in the first week of January, 2024. Currently, the WIF token is continuing its downtrend, recording 30% weekly drop and trading at around $0.2176.

WIF is the top trending Solana meme coin and has become the top 7 meme coin in the industry by market capitalization. So far, it has recorded an overall growth of 30%. Several influencers and crypto investors on social media are believing that there is a huge growth potential for the WIF token.

Myro

While the BONK and WIF tokens have already established themselves as the trending meme coins, the MYRO token has joined the list with its price rally. The Myro is the name of Solana co-founder Raj Gokul’s pet dog.

The MYRO token has been gaining huge popularity and attention from crypto investors in January 2024. Being one of the co-founder’s pet dog name, the hype around the project, and social media endorsements from top influential figures were major reasons behind the price rally of Myro.

Apart from the price rise, Myro tokens were also trending on Google searches because of the huge hype created around this project and massive price surge witnessed in the second week of January, 2024. Since its launch, the MYRO token witnessed a large price spike of more than 1,700%, becoming the top 15th meme coin in the industry.

Conclusion

Various trending Solana meme coins like BONK, WIF, and MYRO are currently ruling the crypto industry with their relentless price surges. Some of them have even surpassed the existing popular meme coins and secured spots in the top 10 meme coin list. It is interesting to see whether the Solana meme coin trend will continue or go out of trend just like other meme coins in the industry.