Solana is home to a growing meme coin ecosystem. In this article, we discuss 11 trending meme coins on the Solana network.
Written by: Anatol Antonovici | Updated June 3, 2024
Reviewed by: Mike Martin
Fact checked by: Ryan Grace
Solana is experiencing a surge in meme coins due to its high transaction speed and low costs, with top coins like Dogwifhat, Bonk, and Book of Meme leading the market. New tokens like Slothana and Slerf are also gaining traction
Table of Contents
🍒 tasty takeaways
The Solana blockchain is seeing record numbers of new meme tokens registered by CoinMarketCap.
The largest Solana meme coins by market capitalization are Dogwifhat and Bonk.
New meme tokens on Solana include Slothana, Slerf, the Book of Meme, and Cat in a Dogs World.
Summary
| Coin Name | Details |
|---|---|
| Dogwifhat | The largest meme coin on Solana and currently the fourth-largest meme project by market cap, with over $2.8 billion. |
| Bonk | A dog-themed meme coin with a market cap of $1.5 billion, implementing a burning mechanism to support its long-term price sustainability. |
| Book of Meme | Joined the $1 billion league, associated with the popular Bored Ape Yacht Club NFT collection, rewarding those who stake the NFTs with BOME tokens. |
| Cat in a Dogs World | A cat-themed meme coin implementing a burn mechanism, launched at the end of March 2024. |
| Popcat | Inspired by a viral internet meme featuring a domestic cat named Oatmeal, with a market cap of $428 million. |
| Myro | Inspired by Solana co-founder Raj Gokal's dog, with one of the most active communities on Solana. |
| Boden | A meme coin paying homage to US President Joe Biden, a reaction to the popular Ethereum-based meme coin MAGA. |
| Slerf | A sloth-themed coin that became popular after the developer lost all the crypto funds due to mistakenly sending the received tokens to a burn address. |
| Wen | A cat meme coin implementing the NFT-based fractional ownership model, associated with Jupiter, a decentralized exchange on Solana. |
| Doland Tremp | The Solana version of MAGA, associated with Donald Trump, with a record market cap exceeding $100 million. |
| Slothana | Launched in May 2024 after raising $15 million during a presale event, implementing a unique burn mechanism. |
Solana Meme Coin Market
Solana currently has the most active meme coin ecosystem. While the network accounts for only 13% of the total $56 billion market cap for meme coins, it attracts the highest number of new projects due to its high transaction speed and low cost.
For perspective, data shared by crypto analyst Crypto Koryo shows that CoinMarketCap added record numbers of new meme coins in April and March 2024, and Solana accounted for over 50% of all the newly registered meme projects.
Source: CryptoKoryo
Solana is becoming the home for meme coins, as Ethereum has high gas fees, while Bitcoin’s Runes has collapsed due to a lack of interest from investors.
🍒 Shiba Inu vs Dogecoin vs Pepe: Best Meme Coins
Here are the best meme projects in this diverse market:
1. Dogwifhat
- Name: Dogwifhat
- Token: WIF
- Inspired by: Shiba Inu dog
- Utility: No
Dogwifhat is the largest meme coin on Solana and currently the fourth-largest meme project with over $2.8 billion in market cap. Similar to Dogecoin (DOGE) and Ethereum’s Shiba Inu (SHIB) token, Dogwifhat is inspired by a Shiba Inu dog and features a puppy with a pink beanie.
While Dogwifhat is unlikely to provide astronomical returns, it can bring balance to a meme coin portfolio.
2. Bonk
- Name: Bonk
- Token: BONK
- Inspired by: Shiba Inu dog
- Utility: Yes
Bonk is another dog-themed meme coin. It has a market cap of $1.5 billion as of this writing.
The main selling point of Bonk is that it implements a burning mechanism to support its long-term price sustainability.
At the end of April 2024, the Bonk community voted to burn 278 billion tokens, or about 0.4% of the circulating supply. On top of that, the Bonk ecosystem comprises several features and projects, non-fungible tokens (NFTs), swapping, and staking.
Source: bonkcoin.com
3. Book of Meme
- Name: Book of Meme
- Token: BOME
- Inspired by: Meme culture
- Utility: Yes
Book of Meme is the latest Solana meme coin to join the $1 billion league, although its current market cap has corrected to $800 million. BOME came out in mid-March 2024 and has experienced a meteoric rise immediately after its launch.
The project is associated with the popular Bored Ape Yacht Club NFT collection. Those who stake the NFTs receive BOME as a reward.
4. Cat in a Dogs World
- Name: Cat in a Dogs World
- Token: MEW
- Inspired by: Cat
- Utility: No
Another recent project is Cat in a Dogs World (MEW), which launched at the end of March 2024. Like BONK, it implements a burn mechanism, slashing 90% of its liquidity pool tokens.
While it has no real utility, MEW leverages its strategic position as a cat-themed meme coin in a market dominated by canine-themed coins.
5. Popcat
- Name: Popcat
- Token: POPCAT
- Inspired by: Oatmeal cat
- Utility: No
Popcat was launched at the end of 2023 but it started to expand in March of this year, becoming the largest feline coin on Solana, with a market cap of $428 million. It is inspired by a viral internet meme featuring a domestic cat named Oatmeal.
6. Myro
- Name: Myro
- Token: MYRO
- Inspired by: Solana co-founder Raj Gokal’s dog
- Utility: Yes
Myro is a dog-themed coin launched at the end of 2023. It is inspired by Solana co-founder Raj Gokal’s dog with the same name. The token has one of the most active communities on Solana, and it is currently working on several use cases to be deployed soon.
Source: myrothedog.com
7. Boden
- Name: Jeo Boden
- Token: BODEN
- Inspired by: Joe Biden
- Utility: No
Jeo Boden (BODEN) is a meme coin that pays homage to US President Joe Biden. It came out as a reaction to the popular Ethereum-based meme coin MAGA, which was created by the fans of former US President Donald Trump.
MAGA and BODEN are the largest meme coins in the PolitiFi niche, which includes tokens inspired by politicians.
8. Slerf
- Name: Slerf
- Token: SLERF
- Inspired by: Sloth
- Utility: No