The Solana ecosystem boasts 200+ cryptocurrencies, with a lot of meme coins among them. These coins operate similarly to others in the meme coin realm, functioning as tokens or smart contracts on the blockchain.
But why then there is such a frenzy about meme coins on Solana? This is due to such main factors as low fees and rapid transaction processing.
Meme coins are prone to huge price changes, which is why a rapid transaction processing speed is key. Most meme coins are not expensive which makes users look for low fees.
So what are the meme coins on the Solana blockchain that are worth your attention? Let’s have a closer look further in the post.
Dogwifhat
Dogwifhat is one of the most popular meme coins on Solana based on market capitalization (42 on the coinmarketcap.com). It has no utility, just like the majority of meme coins, it is just “dog wif a hat”, and nothing else.
Its main difference from many other meme coins is its low total supply which pushes its price up. While the majority of meme coins are worth fractions of a cent, WIF costs more than $2 at the moment of writing.
BONK
BONK is another doge-themed meme coin. It was launched in 2022 as an airdrop for the Solana community. Since then, the coin adoption has increased thus forming a vibrant community and leading the coin to the top among memes on Solana.
Now, BONK can boast over 100 integrations across all blockchain and Web3 sectors and is listed on almost 30 different centralized and decentralized exchanges.
Book of Meme
Book of Meme is an experimental project poised at amalgamation of memes, decentralized storage solutions, and shitcoins trading and gambling. It aims to encapsulate meme culture ensuring each piece is immortalized on the blockchain.
Wen
Wen is a cat-themed meme coin on Solana, the first community coin based on a fractionalized NFT. The project is based on millions of fractions of the “A Love Letter to Wen Bros” poem that can be traded like any other Solana token.
Popcat
Popcat is a meme coin that was launched in October 2020. It was inspired by a series of videos of a domestic cat called Oatmeal. The series consisted of two images: one showing the cat with the mouth closed, and the other - with the mouth open.
SMOG
SMOG is a meme coin that enables its holders to gain airdrop points and qualify for bounties. Or holders can also stake the token on Ethereum with an attractive APY.
Jeo Boden
Jeo Boden is a meme coin that aims at bringing all of America’s meme coins to unity. This coin can be bought directly on Solana with $SOL, or on Phantom.
Peng
Peng is a penguin meme coin with a hint of Pepe the Frog. It brings a fresh breeze to the Solana community. This is one of the freshest meme coins out there and as such, has built a vibrant and supportive community.
Bottom Line
Solana is one of the most promising blockchains. There are many projects developed on it, and meme coins are not an exception. Even though some of them look quite promising for earning on price fluctuations, you should always consider that trading and holding crypto, especially meme coins, is a risky endeavor. And thus, always invest in crypto only the funds that you can afford to lose.