In 2024, meme coins—particularly those based on the Solana blockchain—are sweeping the cryptocurrency scene. Because of their distinctively themed meme projects, cheap transaction costs, and sense of community, Solana meme coins are causing quite a stir. High speed and a thriving ecosystem set Solana apart from other blockchains, drawing in both early adopters and new investors.
Now is a great time to investigate the top Solana meme coins, as decentralized exchanges provide simple methods for trading Solana and meme tokens. As these coins reach new highs, their total supply, burning mechanisms, market performance, and community strength play crucial roles in their appeal.
Are you wondering which Solana meme coins could see a rise in value? Let's get started and find the top projects that have the potential to influence the upcoming significant developments in the cryptocurrency market.
Meme coins, in particular, offer a fun and easy way to get familiar with the future of finance. And as you might know, the future of finance is being built right in front of our eyes and it is being built on the blockchain.
Table of Contents
1. Dogwifhat
And the first coin is Dogwifhat with the ticker WIF. And that is one of the top Solana meme coins to buy in 2024, known for its explosive gains.
Launched in late 2023, it has grown more than 3000% since it launched, reaching an all-time high of $4.85. Its standout feature is the simplicity and humor of a dog with a hat, which has garnered a substantial following. So the WIF community is vibrant with more than 100,000 followers on X and more than 53 members on Telegram. The project plans to launch a WIF hat generator, adding obviously more fun and engagement for its users.
Additionally, they have gained traction with major exchanges like Binance, offering perpetual futures trading with 50x leverage. So Dogwifhat recently, or this year, completed a successful fundraising campaign, raising more than $700,000 in order to display its mascot on the Las Vegas sphere, boosting its visibility and community engagement.
The live WIF price today was trading at $2.56 and the current coin market cap ranking is number 36. Think about that. It is within the top 50 with a live market cap of more than $2.5 billion.
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2. Popcat
Moving on from DOGS to CATS the next one is POPCAT with the ticker POPCAT. And the cat-themed meme coin is surely gaining attention due to its community-driven approach and unique backstory. The POPCAT meme first originated on the internet in October 2020, featuring two images of a cat named Oatmeal.
The images depicted the cat with two distinct mouth positions, one with its mouth closed and the other with its mouth open in an O shape, creating a pop sound when toggled between rapidly.
Now this simple yet some found amusing concept quickly gained momentum and popularity, evolving into the viral POPCAT internet meme. It then subsequently found its way into the cryptocurrency world where it was embraced and turned into a meme coin. Now initially dormant, the project was revitalized when a community member made it 100% community-owned and immutable, sparking renewed interest.
This move has helped POPCAT become one of the top Solana meme coins to buy at the moment. With more than 65,000 X followers and more than 16,000 Telegram members, POPCAT's active community drives consistent interest, supporting sustained growth and price momentum. Launched in December 2023, POPCAT has grown more than 8,000%, reaching an all-time high of $1.54 on October 12, 2024, driven by increased community engagement and a broader resurgence in Solana's ecosystem.
And today the live POPCAT price today traded at $1.35 and the current coin market cap ranking is number 56 with a live market cap of almost 1.4 billion.
3. Cat in a dogs world
The next one is a relatively new meme coin. It is called Cat in a Dog's World with the ticker MEW.
But it has already proven itself because the MEW coin is a standout in the crypto world. A cat amidst a sea of dog-themed coins. It aims to shake up the market and bring something fresh and exciting.
MEW's technology promises lower fees and faster transactions, making it an appealing choice for everyday cats. Recently, Locos Animation Studios, a South Korean animation studio, and MEW teamed up to create a 3D animated series. The story of a cat named MEW who finds himself or herself alone in a world run by dogs.
As they claim, it's both realistic and engrossing. Nevertheless, living among rats, MEW has to deal with the repressive dog corporation Shebex and a difficult environment. MEW has to take down Chipotoni, who is the dog leader, and his goons in order to bring balance back and rescue his planet.
Fascinating when they claim, as they claim, this fascinating storyline, the lightheaded slogan, Cat in a Dog's World, and the eternal MEW versus Dogecoin confrontation contributed to the rapid rise in popularity of the coin. And the live MEW price today traded at 0.0093 and the current coin market cap rankings number 84 with a live market cap of more than 830 million dollars.
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4. BONK
Now let's move on to the next meme coin and this meme coin actually has a real utility and I would almost say it doesn't belong within the meme coin. Let's say group BONK.
As the name would imply, BONK specifically was designed after a meme that features the image of a Shiba Inu dog hitting another Shiba Inu with a baseball bat. Sporting a Shiba Inu mascot, it aims to empower the Solana community by moving power away from venture capital tokens and capturing attention with impressive growth.
BONK, a community coin of Solana, is more than just a meme coin. It's used to reward people for staking their NFTs and trading on Solana. There's a BONK swap for trading and a BONK NFT mint tracker to find new NFTs.
So unlike other meme coins, BONK has a DAO where holders can vote on decisions. This community-focused approach has led to a super passionate fan base and strong resilience, making it truly a standout in the meme coin space. Let's just look at the recent news.
The recent collaboration with none other than Borussia Dortmund, which is one of the biggest football clubs in the world, especially in Germany, is worth a look. It aims to integrate crypto into the world of sports as well. Now it does sound familiar, right? You know Chili's, they're doing something very similar, but on a much bigger scale.
So although BONK is only a meme coin, I believe it actually has great potential. BONK also recently burned 278 billion tokens, reducing supply and potentially increasing value. BONK is the second largest Solana meme coin by market cap, reaching over 1.6 billion.
It has increased more than 12,500% year on year, obviously indicating robust growth and popularity. Listing on major exchanges like Bitton, Revolut, and Robinhood has heightened investor interest and improved liquidity, obviously driving the price higher. The live BONK price today traded at so many zeros, 0.0002375, and the current coin market cap ranking is number 49.
So it is within the top 50, with a live market cap of almost 1.8 billion dollars. Just because I do believe that BONK has some real utility, I want to add a piece of news here. BONK INU launches first Solana-based meme coin ETP in the US, partnering with Osprey Funds.
Osprey Funds, a firm known for bringing crypto assets to traditional markets. The move revealed that Solana's breakpoint event aims to lower barriers for institutional and retail investors to access BONK via traditional exchanges, bypassing the complexities of crypto wallets and exchanges. The ETP official launch date has not been confirmed yet.
However, regulatory approval from the US Securities and Exchange Commission remains uncertain. The SEC will likely evaluate BONK's market transparency, investor protection, and market impact before giving its approval, obviously raising questions about whether the product will launch soon, if at all. However, if it's going to be successful, this would be the first meme coin to enter the ETP space.
Obviously, that would mark a major step forward in legitimizing meme coins in the financial markets. I would like to point out that since BONK seems to have a utility, I don't really know if we can truly classify it as a meme coin. But as long as it's within the niche of meme coins with added utility, this might just be the pick of the day.
Wrapping Up
Now, just remember, everything I say and do should not be considered financial advice because I truly don't know about crypto. Before we end, I have this to say. Meme coins, they can have extreme price volatility. Please be prepared.
Often experiencing quick and unpredictable price fluctuations within very, very short periods of time. Also be reminded that the value of meme coins can be influenced by social media trends, celebrity endorsements, insider trading, as well as front running, and many other factors that are completely unrelated to traditional investment fundamentals.