The Solana ecosystem is home to over 200 cryptocurrencies, including dozens of Solana meme coins with huge potential to grow. In this guide, we examine the best Solana meme coins to buy in 2024.

Top Solana Meme Coins to Buy Today

A Closer Look at the Top Solana Meme Coins

Knowing which meme coins have the potential to explode is like finding a needle in a haystack. It’s essencial to research extensively and ensure your portfolio is well-diversified. Below, is our analysis of the best Solana meme coins in 2024.

1. Sealana – Best Solana-Based Meme Coin to Buy in 2024

We have picked Sealana as the best Solana-based meme coin to buy in 2024. This token is inspired by the ‘World of Warcraft Guy,’ a popular character from South Park. The seal decides to start trading cryptos to move out of his mom’s basement.

The project is built on Solana, one of the fastest blockchains in the space. In recent times, new Solana meme coins have proven to be worthwhile investments. To join the Sealana presale, visit the official website and either purchase tokens by connecting a Solana-compatible wallet or by sending SOL directly to Sealana’s wallet address.

Once the presale is over, Sealana will airdrop $SEAL directly to your wallet. Currently, one $SEAL costs $0.022. For more project updates, join the Sealana Telegram channel and follow Sealana on X (formerly Twitter).

Visit Sealana

2. Dogeverse — New Solana Meme Coin, Pioneering Cross-Chain Utility

Dogeverse, a new Solana meme coin, has quickly garnered attention for its innovative multichain capabilities. It’s not just a regular meme coin; it’s the first to launch on six blockchains: Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, and Base.

The star of Dogeverse is Cosmo the Doge, born from a supernova and capable of jumping between crypto universes. This gives $DOGEVERSE holders the unique ability to move across various blockchains effortlessly.

With a total supply of 200 billion tokens, Dogeverse has earmarked a significant portion for diverse aspects like staking, liquidity, marketing, and ecosystem development. This strategic distribution speaks to its long-term vision.

The project’s roadmap is methodically laid out, beginning with website launch and community building, moving towards marketing efforts and exchange listings.

Investors can stake their $DOGEVERSE tokens on Ethereum for passive income. Applications for listings on CoinGecko and CoinMarketCap are underway, promising increased visibility and accessibility.

In just two days, Dogeverse raised an impressive $1 million, selling out two stages of its presale rapidly, a testament to its growing popularity and potential. The presale has now raised over $15 million.

Visit Dogeverse

3. Smog — Popular Meme Coin, Aiming to Make the Greatest Airdrop on Solana

Smog is another new meme cryptocurrency. According to its roadmap, Smog wants to host the largest-ever token airdrop on the Solana blockchain. To participate, purchase $SMOG and start earning airdrop points.

You can purchase $SMOG from its official website at a 10% discount using ETH or USDT and stake it for a generous APY. Alternatively, you can buy $SMOG on the Jupiter DEX without a discount. Token airdrop points can also be earned by taking part in quests and challenges hosted on the platform.

$SMOG rose by 1,300% within 24 hours of its Jupiter listing. With Smog expected to release 490 million tokens through airdrop campaigns, the platform could experience an increase in activity in the coming months.

The $SMOG trading airdrop points won’t be revealed until later. In total, $SMOG has a total supply of 1.4 billion tokens. Half of the tokens will be used for marketing purposes, in hopes of making it the best meme coin in the long term.

If $SMOG continues to offer higher returns, it can attract tier-one listings on exchanges, such as Binance and Coinbase.

Learn more about this SOL-based cryptocurrency by reading the Smog whitepaper and joining the Telegram channel.

Visit Smog

4. Slothana — Newly Launched Solana Meme Coin, Thought to Be From the Founders of the Viral SMOG Token

Slothana is emerging as a potentially viral Solana-based meme coin, following its predecessors like Sloth Coin ($SLERF). After witnessing huge traction, the token raised over $15 million in its presale.

The platform’s presale mechanism allowed investors to send $SOL directly to the token address in exchange for $SLOTH coins. This approach offered a hassle-free experience and proved successful.

Additionally, there are rumors that the founders of Slothana are the same as the ones behind the massively successful SMOG token. This further adds credibility and expectations of similar performance from Slothana.

Slothana’s marketing strategy capitalizes on the current trend of Solana meme coins by focusing on humor and virality. The project leverages Solana’s fast and cost-effective transactions and makes it a preferred platform for meme coin creators and traders.

Slothana launched on DEXs on April 29, 2024, with each token costing $0.01576. On May 13, it reached an all-time high (ATH) of $0.0562, representing a 257% rise in value. At the time of writing, $SLOTH is up more than 150% from it launch price, costing $0.04207 per token.

Interested users can follow Slothana on X to keep up with the most recent news and listing updates.

Visit Slothana

5. Lucky Boo – Solana-Based Meme Coin, Get Huge Airdrop Rewards

Lucky Boo is a trending meme cryptocurrency built on the Solana blockchain. The project’s avatar is a cute puppy that goes by the name of Lucky Boo. This project sells itself as your cryptocurrency lucky charm, helping traders increase gains.

Lucky Boo lacks utility, but promises huge airdrop rewards to those who buy Lucky Boo early. Currently, the $BOO token is available for purchase on the Birdeye DEX.

Due to Solana’s high transaction speeds, throughput, and low costs, investors are looking to invest in more tokens on this blockchain. With other SOL-based meme coins like $SLERF and $BONK offering huge returns, Lucky Boo could be next in line.

Notably, 40% of $BOO’s 8.1 billion token supply will be offered through airdrops — investors can secure huge bonuses in the long term. The presale was allocated 5% of the token supply, with another 10% now providing liquidity on DEXs.

Learn more about this meme coin by reading the Lucky Boo whitepaper and joining the Telegram channel.

Visit Lucky Boo

6. Bonk — Largest Meme Coin on the Solana Network

Launched in January 2021, Bonk is the second largest meme coin on the Solana network by market cap. It was initially priced at $0.000000109 per token, and hit an all-time high of $0.00002445 on December 15, 2023, which has been topped since. Bonk reached a new ATH of $0.00003771 on March 5, 2024.

Currently, Bonk has a market capitalization of over $1.5 billion. In terms of tokenomics, 50% of the Bonk supply was originally airdropped to the Solana community. This includes Solana developers, NFT collectors, DeFi users, and artists.

The remaining $BONK tokens are split between marketing, liquidity, and its DAO. Those who believe Bonk is the best crypto to buy can complete their purchase at 39 crypto exchanges, including Kraken, Gate.io, Coinbase, and Binance.

7. Dogwifhat — Most Active and Entertaining Community

Dogwifhat, $WIF, burst onto the scene at the end of 2023, notching up gains of 182% in its first few days of listing. It has since climbed much higher, posting gains of over 1,600% from its launch price.

This meme coin is “literally just a dog wif a hat” and doesn’t promise anything. A sizable community has sprung up around it, including over 85,000 followers on X, and over 10,000 members in its Telegram group.

Numerous videos and images of the same dog in alternative hats have already been created by the community. The website mentions a WIF Hat generator will be released, but with no deadline for its launch.

This meme coin has also gained some traction with big exchanges, with Binance launching futures trading for dogwifhat, with 50x leverage, in mid-January 2024. Dogwifhat is currently trading at $2.88, a 1,611% gain on its launch price, but 39.06% down from its ATH.

You can purchase $WIF from 33 cryptocurrency exchanges, including Kraken, Gate.io, and Binance.

8. Myro — Best Solana Meme Coin Project for Dog Lovers

The Myro meme coin is based on the real life dog of Solana co-founder Raj Gokal, which is called Myro. The goal is to pay homage to him and his dog. Myro is designed as more than a cryptocurrency, with the goal of making Solana more inclusive and welcoming for everyone.

Myro aims to offer several unique features and contribute to the long term growth of the Solana ecosystem. These features are:

• A Myro trading bot: A BuyBot on Telegram for Myro, with fees going to a treasury, the Treat Jar, to fund future growth.
• A Myro staking platform: A staking platform where holders of Myro can stake their coins to earn rewards and secure the Solana blockchain.
• Other utilities: Yet to be announced. These releases will deliver more utility to holders of $MYRO.

After hitting an ATH of $0.4465 on March 9, 2024, Myro has decreased in value by 60%. It’s now trading at $0.1773 per token, representing gains of over 4,420% since launching. $MYRO is listed in 20 major crypto exchanges, including Gate.io, MEXC, and Bybit.

9. Loaf Cat — Best Meme Coin for People Who Love Bread and Pixel Art

Loaf Cat is a Solana-based meme coin that is a “pixelated wizard master cat in full-on loaf mode.” There’s a supply of 100 billion $LOAF. 43 billion were put on the Raydium exchange for liquidity. 15 billion tokens were allocated to the team, 15 billion to CEX listings, 20 billion to marketing, and 7 billion to community airdrops.

The Loaf Cat roadmap includes the development of a game studio, an NFT collection, a trademark of Loaf Cat, the release of Loafers merchandise, and bakeries all over the world (seriously).

$LOAF launched with a price of $0.0001736 and rose to an all-time high of $0.0002801 on March 10, 2024, representing gains of over 60%. It’s now trading at -84% of its ATH, giving investors an ample opportunity for gains if it appreciates during the current altcoin season. Loaf Cat is available on three exchanges, including MEXC.

10. Wen — Best Meme Coin for NFT Enthusiasts

Wen is a cute cat meme coin designed around a love poem to the Wen Bros of the crypto-verse. It aims to push the limits of Solana, by releasing of a new fractional NFT standard for Solana — the Wen standard.

The love poem from the cute cat mascot to Wen Bros was split into 1 trillion pieces (the $WEN token supply) and is traded like a normal token. This means that each token owner holds a tiny bit of the poem.

Wen was the first token using the WNS standard, a new lightweight standard for NFTs on the Solana blockchain. When it was released, 70% of the $WEN supply was earmarked for the initial airdrop, done through a fair launch process through the Jupiter exchange.

Launched on January 26, 2024 at $0.00005976 per token, it has since appreciated by over 227%, costing $0.0001831 today. This represents a -64% move from its ATH of $0.000519 on March 27, 2024. $WEN is listed on 18 exchanges, including Gate.io, MEXC, and Bybit.

What Are Solana Meme Coins?

Solana meme coins are cryptocurrency tokens created on the Solana blockchain network, often with humorous or satirical themes. These coins mimic the behavior of mainstream cryptocurrencies but serve primarily as a form of entertainment.

They can experience volatile price fluctuations and attract speculative trading, similar to other meme coins on different blockchain platforms. Take dogwifhat as an example. This meme coin was launched in January 2024, and generated gains of over 5,783%.

Few meme coins have been launched on Solana, compared to other networks. But the number is increasing, largely because of lower fees and more scalable transactions.

Meme coins allow high-risk investors to target gains when the broader markets are stagnant. That said, these coins are fraught with risk. In fact, investors should be prepared to lose some or even all of their investments. To counter this, consider diversifying across multiple meme coins — not only on Solana, but on other blockchains.

How Solana Meme Coins Work

Solana meme coins operate on the Solana blockchain. They leverage its unique token standard known as SPL, or Solana Program Library, which is the standard for creating all types of digital assets on Solana, including meme coins.

The appeal of Solana meme coins stems from the blockchain’s ability to handle transactions quickly and at low costs. This efficiency is vital for meme coins, where timing and transaction fees can significantly influence trading strategies.

Moreover, these tokens are versatile, representing various assets and enabling a wide range of activities. Investors can trade these coins, engage in staking to earn rewards, or participate in decentralized finance activities — all while benefiting from Solana’s fast transactions and minimal fees.

How to Buy Solana Meme Coins

The following is a step-by-step guide to buying meme coin Solana tokens.

1. Get a crypto wallet that supports Solana-based tokens. Hot wallets compatible with Solana meme coins include Solflare, Phantom, and Torus.
2. Deposit funds into your wallet by transferring other cryptocurrencies to your Solana wallet. Ensure you have enough funds to cover the transaction fees.
3. Choose a cryptocurrency exchange that lists the meme coin you’re interested in.
4. Sign up for an account on the chosen exchange.
5. Transfer funds from your Solana wallet to your exchange account.
6. Purchase SOL on the exchange using the funds in your account.
7. Place a buy order for the amount of the Solana meme coins you wish to acquire.
8. If you’re planning on holding on to the meme coins for a while, you should withdraw them to your Solana wallet for added security.

Why Buy Solana Meme Coins vs. Other Meme Coins?

Some of the perks available to Solana ICOs and meme coins are low fees, fast transactions, and the ability to scale thousands of smart contract movements per second. In this section, we explore why meme coin investors are turning to the Solana blockchain.

Lower Gas Fees

Solana gas fees are significantly lower compared to Ethereum. Transactions on Solana typically cost fractions of a cent, often less than $0.01, even during periods of high network activity. This is due to Solana’s high throughput and low transaction fees, making trading with SOL on exchanges such as Raydium very cost-effective.

Ethereum gas fees can vary widely depending on network congestion. During peak times, transaction fees on Ethereum can be significant, often ranging from $10 to $30 or more per transaction.

Even during less congested periods, fees typically range from $0.50 to $2 per transaction. These high fees are due to Ethereum’s limited scalability and high demand for transactions, resulting in bidding wars for block space.

Solana’s low transaction fees make it an attractive option for users looking to avoid the high costs associated with Ethereum’s network congestion.

Faster Transaction Speeds

The Solana blockchain is able to handle approximately 65,000 transactions per second. For reference, Ethereum can only handle 15-16 transactions per second. That’s why its fees are often high. This makes the Solana network ideal for meme coins, as transactions are processed quickly and at low fees.

Solana Is Booming

In recent times, Solana has become a breeding ground for sensationally popular meme and altcoins such as dogwifhat, Bonk, Slerf, and Smog.

These meme coins, characterized by their playful branding and driven by the passion of the communities behind them, have garnered substantial traction within the Solana ecosystem.

Conclusion: Which Is the Best Solana Meme Coin to Buy in 2024?

Sealana is the best Solana meme coin to buy in May 2024. This new cryptocurrency’s illustration features a lazy American seal who decides to trade cryptos to leave his mom’s basement. $SEAL is available to buy on presale.

Visit Sealana

FAQs

What is a Solana meme coin?

Solana meme coins are cryptocurrency tokens created on the Solana blockchain network. These coins are typically focused on hype, FOMO, and speculation rather than real-world use cases.

What coins are based on Solana?

More than 200 coins are built on the Solana network, including Audious, Bonk, Arweave, Coin98, and Raydium.

What are the best meme coins on Solana?

Some of the best meme coins on Solana include Sealana, Dogeverse, Smog, Slothana, Lucky Boo, and Bonk.

What is the Solana meme coin called?

Although not the original Solana meme coin, one of the most recognized is Bonk.

References

• CryptoNews: New Multichain Meme Coin Dogeverse Raises $1 Million In Two Days of ICO
• CryptoNews: Solana Meme Coins Outperform SOL Price, Slothana Presale Raises $10 Million
• CoinMarketCap: Today’s Cryptocurrency Prices by Market Cap
• Yahoo Finance: Dogwifhat Hits New All-Time High as Memecoins Surge
• Binance: Binance Futures Will Launch USDⓈ-M WIF Perpetual Contract With Up to 50x Leverage
• GitHub: Wen New Standard
• Bitcoin: Bitcoin Whitepaper
• YCharts: Ethereum Average Transaction Fee

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.