The altcoin season has started, with the closely watched index jumping to 85 and the crypto fear and greed index moving to the extreme greed zone. Bitcoin has already jumped above $100k, and Solana has moved to $238.
Solana meme coins are thriving
Solana meme coins have become some of the best wealth creators this year, as their market cap jumped to over $20 billion. Some of the top new coins that have minted millionaires are Goatseus Maximus (GOAT) and Peanut the Squirrel (PNUT).
These Solana coins have come from nowhere and reached a market cap of $781 million and $1.4 billion, respectively. So, here are some of the top new Solana meme coins to buy for potential supersized returns.
MAD Coin (MAD)
MAD is a new Solana meme coin that has the potential to blow up in the next few weeks. The token describes itself as the wild degen beast that is either partying or hustling like a madman.
MAD has already achieved substantial returns as its price rose from $0.000009 to a high of $0.000040. This rally has brought its market cap to over $40 million, a trend that could accelerate as it gets listed by Gate and other centralized exchanges.
MAD is also gaining traction among investors, as its holders have jumped to over 50k, and its X followers have reached 80k.
Just a chill guy (CHILLGUY)
Just a chill guy is another new SOL meme coin that could mint millionaires in the next few months. It has already done that as its market cap jumped to over $448 million.
The CHILLGUY price has already lost some of the original momentum and has dropped by about 35% from its highest level last month. This pullback could prove to be a good entry point, especially if the altcoin season gains steam.
On-chain data shows that the number of CHILLGUY holders is rising, a move that will push its price higher. Also, while the coin has retreated recently, it remains above the ascending trendline that connects the lowest swing since November 23rd. That is a sign that the coin may bounce back soon.
M3M3 (M3M3)
M3M3 is another top Solana meme coin that could mint millionaires. Established this week and listed only on Raydium, the token has already jumped from $0.00050 to $0.21, bringing its market cap to over $197 million. According to CoinMarkeCap, it had a 24-hour volume of over $11.4 million.
Not much information is available about M3M3. However, one crypto expert noted that it is introducing a shift from player vs platform (PvP) to a PPP model. Also, while it is a meme coin, it has introduced the concept of staking, allowing holders to generate returns.
The other top new Solana meme coins that could do well are McDull (MCDULL), Top Hat (HAT), and Ava AI (AVA).
