10 Best Solana (SOL) Memecoins to Buy in 2024

Meme coins have taken off really well, and as the market expands, these coins find a home on new blockchains. Currently trending are meme coins on the Solana blockchain. They have captured the hearts of new and experienced investors alike. However, with the growing number of options, how can you tell which ones are worth your time and money? 

We’ve put together nine of the best Solana meme coins to buy in 2024. Not just that, this guide provides insight into each coin, highlighting its unique features and performance lately. Stick around, as we uncover what could be your next big investment opportunity.

Top SOL Meme Coins to Watch in 2024

After reviewing several meme coins, here’s a list of our best SOL meme coins:

1. iDEGEN: The best AI meme coin built on Solana with numerous use cases and viral potential.
2. Bonk: This is the first dog-themed meme coin on the Solana blockchain. It gained attention for its unique airdrop approach and its performance over the last few months. 
3. DogWifHat: This is a recent Solana meme coin. It shares features with Dogecoin and Shiba Inu.
4. PopCat: This trending meme coin is taking the crypto world by storm with its transformational entry into the market.
5. Cat in a Dogs World: This meme coin is challenging the dominance of dog-theme coins to make a difference in the crypto world. 
6. PONKE: This meme coin immerses users into its ecosystem with its innovative features.
7. Peanut the Squirrel: This coin distinguishes itself from the others with its unique backstory. It was created as a tribute to a Squirrel (P’Nut) after his death.
8. Goatseus Maximus: Born from a combination of crypto and artificial intelligence (AI), this coin aims to create unique experiences.
9. Book of Meme: This meme is designed to serve as a digital archive for memes.
10. Gigachad: GIGA is a Solana-based meme token celebrating Ernest Khalimov, the original “Gigachad,” by channeling the strength of memes and “Chad” energy. 

What are Solana Meme Coins?

Solana meme coins are a type of digital asset built on the Solana blockchain. While they draw inspiration from memes and pop culture like every other meme coin, Solana meme coins are different. How? They take advantage of the Solana network speed and efficiency to facilitate quick transactions. 

Speaking of transactions, the value of these coins often comes from the excitement and buzz created around them, which is why many developers invest in social interactions. According to CoinGecko, the market cap for Solana meme coins is now around $21.5 billion. This reflects their growing popularity within the crypto industry. It is also worth mentioning that these coins can also offer unique features or utilities. For instance, some Solana meme coins provide tools for trading or decision-making through platforms like Telegram, making them more than just cultural symbols.

Are Solana Meme Coins a Good Investment Right Now?

Solana meme coins are getting all the hype, and it’s okay to be tempted to join the bandwagon. But before you make any move, you need to ask, is it a good investment? Let’s find out.

Current market trends

So far, meme coins have attracted not just crypto enthusiasts but also casual investors. This year alone, different meme coins have achieved great feats, surpassing other cryptocurrencies. For instance, Solana’s meme coin, BONK, recently hit $2.6 billion in trading, showing that it has potential.

The rise of Bitcoin and altcoins

With current happenings in the world, especially after the US elections, Bitcoin has experienced significant price increases. This development has made many investors turn their attention to altcoins for higher potential returns. Meme coins, especially those on blockchains like Solana, are becoming the “wild cards” of the altcoin market, offering potential returns to investors.

Undervalued investment opportunities

Not all meme coins are created equal, and that’s where the opportunity lies. Some of the best meme coins on Solana are flying under the radar, offering a chance to invest before they hit mainstream popularity.

Coins like BONK and Pepe Unchained are examples of tokens that started small but have quickly gained traction within their communities. For savvy investors, these underappreciated coins could offer a way to diversify and potentially strike gold.

How Many Meme Coins are Built on Solana?

As new tokens are created, others may become inactive, making it almost impossible to provide the exact number of meme coins built on the Solana blockchain. However, at the time of writing, there are over 900 Solana-based meme coins listed on CoinGecko.

How to Know If a Solana Meme Coin is Legit

We’ve heard of different coins taking on the spotlight and then ripping off unsuspecting investors. This act has made it essential for investors and potential investors to be able to distinguish between a legit and a scam coin. In this section, we’ll discuss some of the ways to identify a legit Solana meme coin.

Token utility and long-term potential 

A real meme coin often offers more than just hype—it provides real value to its users. Ask yourself: does the coin have a purpose beyond being a meme? Some coins introduce utilities like gaming integrations, NFT marketplaces, or governance features for their communities.

For example, BONK gained credibility by promoting its role in Solana’s ecosystem and encouraging decentralized development. Coins that lack any clear purpose or roadmap are more likely to be short-lived or fraudulent.

Community size and support

An active community is the backbone of any successful cryptocurrency, especially meme coins. Legit Solana meme coins typically have large, engaged communities on platforms like X, Discord, or Telegram. Look for genuine interactions, consistent updates, and transparency from the project’s developers. Beware of coins that inflate their follower count or use fake engagement to appear credible—it’s a red flag that suggests manipulation.

Tokenomics 

A legit project will clearly outline how tokens are allocated among developers, investors, and the community. Watch out for coins where a majority of tokens are held by insiders or developers, as this could lead to “rug pulls” (when creators abandon the project after cashing out).  Forward-thinking projects often include measures like burn mechanisms or staking options to create long-term value for holders.

Exchange listings and news coverage

Where a coin is listed speaks volumes about its legitimacy. Major exchanges like Binance or Coinbase have rigorous vetting processes, so a listing there adds credibility. Even being available on trusted decentralized exchanges (DEXs) is a positive sign.

Additionally, check for reputable media coverage or mentions in trusted crypto publications. Coins that appear in multiple independent reviews are more likely to be legitimate than those only advertised on their own platforms.

The Best Solana Meme Coins to Buy

After reviewing several Solana meme tokens, here are my top picks to consider in 2024. 

1. iDEGEN

iDEGEN is the latest SOL meme coin to launch a presale in 2024. It provides investors with a unique opportunity to determine the listing price of tokens before it launches on exchanges in January.

Investor control is at the heart of the iDEGEN project, which makes it an appealing opportunity for those who want to get involved with the tokens that they buy. As well as controlling the price of IDGN tokens through an adaptive auction sale, iDEGEN investors can control the outcomes of the experimental AI. 

iDEGEN is an AI that will be ‘raised’ by degens. The AI will absorb tweets, memes, tags and social media sentiment to learn from the degen community. Based on what it learns, iDEGEN will post autonomous content every hour that will evolve and change as it is fed new information. 

There is no knowing what the AI will create and the outcome will be entirely in the hands of the crypto community. 

You can buy IDGN tokens through the official presale website by connecting your SOL wallet to the project. 

2. Bonk

This Solana meme coin started at $0.000000109 per token, and today, it’s at approximately $0.00004, which is about a 57000% increase from its all-time low. BONK recorded its all-time high price of $0.00005825 on November 20, 2024. 

But what’s driving Bonk’s success? For starters, its tokenomics seem to be working in its favor. With 50% of its supply in the hands of the Solana community – including developers, NFT collectors, DeFi users, and artists – Bonk has fostered a loyal following. 

As Bonk continues to outperform the global cryptocurrency market, one question lingers: will it reach $1? Maybe it’s living up to its ambition to be the “community coin of Solana,” but only time will tell. Let’s keep our fingers crossed!

3. DogWifHat

This is another of our top Solana meme coins for 2024. On March 1, it hit $1 per token, and by March 31, it hit $4.83, marking its all-time high price. Since then, it has attracted a vibrant community of followers across different social platforms. It has also gained traction with major exchanges like Gate.io and Binance and is available for purchase today with over 40 crypto exchanges for $3. 

Because of its theme, $WIF is usually compared to other coins like Dogecoin and Shiba Inu, but it stands out for several reasons. Dogwifhat has a fixed supply with value driven by speculation; its tokens cannot be mined or minted. $WIF has experienced a remarkable surge since its launch, but it’s still too early to conclude on its future prospects.

4. PopCat

At the start of the year, Popcat experienced a remarkable price surge of over 5,000%. It went from $0.0076 per token to $0.3882, revealing its potential to interested investors. 

Recently, it made headlines again, hitting its highest price yet ($2.05) on November 17, 2024. What’s particularly interesting about Popcat is its transformation from a dormant project to a thriving community-owned token. This revival began when a community member made it 100% community-owned and immutable, which sparked renewed interest and excitement.

From a tokenomics perspective, 93.1% of Popcat’s total supply is allocated to the liquidity pool, ensuring ample trading opportunities. Meanwhile, the remaining 6.9% is stored in a multi-sig wallet, earmarked for future initiatives such as exchange listings and liquidity improvements.

Other SOL Meme Coins to Watch

Although the above meme coins stand out as the best, there are numerous other meme projects built on Solana. 

1. Cat in a Dogs World

Cat in a Dog’s World (MEW) has garnered attention from investors worldwide thanks to its unique narrative and strategic tokenomics. With 90% of its liquidity pool burned and 10% allocated for community airdrops, it has successfully engaged and rallied support from its user base.

Aiming to boost its market presence, MEW has partnered with LOCUS to create a 3D animated series. This initiative is designed to reach mainstream audiences and further expand its community. 

Speaking of its performance, MEW joins other meme coins that have seen significant price increases recently, hitting its highest price of $0.01288 on November 17, 2024. Experts suggest that in the next year, the price could settle around $0.0091 on average.

2. Ponke

Ponke has drawn the attention of many, particularly with its Helmet Tool, a feature that immerses users in its unique ecosystem. This tool allows users to overlay an image of the Ponke helmet on their avatar or picture, which can then be shared on social media to show support for the project. Known for its playful self-description as a “degenerate gambler with anger issues,” Ponke’s approach sparks curiosity among enthusiasts.

Its popularity soared earlier this year when notable figures in the crypto space, like Davinci Jeremie, showed support. Aside from these endorsements, the coin’s attachment to several initiatives, including a play-to-earn game, makes it one of the best Sol meme coins to consider this year.

Like every other coin, PONKE has had its fair share of price fluctuations. Today, it sells for $0.57, but there are still concerns about its long-term viability.

3. Peanut the Squirrel

Peanut the Squirrel (PNUT) has made our list of best Sol meme coins because of its dynamic backstory that resonates with many. Unlike other meme coins that often rely on humor and mimicry, PNUT appeals to deep emotions, drawing in supporters who connect with its narrative.

Currently, PNUT boasts a remarkable trading volume of $2,434,937,353 in the last 24 hours. A significant catalyst for this recent growth was its listing on Binance, one of the largest cryptocurrency exchanges in the world.

Following this announcement, PNUT’s market cap skyrocketed to over $1 billion within just 48 hours, showcasing tremendous speculative interest.

Although we cannot predict what the future holds for this coin, its strong trading volume and endorsement from celebrities like Elon Musk put it in a good light.

4. Goatseus Maximus

Goatseus Maximus (GOAT) is another promising meme coin built on Solana. The coin experienced a price surge shortly after its launch last month. This is believed to have been fueled by its association with Truth Terminal, an AI bot designed for memetic engineering. 

With a market cap of over $650 million in its first two weeks and a daily trading volume of approximately $400 million, Goatseus Maximus is shooting for the stars.  However, we are still wondering, is this just another meme coin phase, or could AI-driven projects redefine crypto culture? Time will tell.

5. Book of Meme

BOME stands out by combining memes with decentralized storage, aiming to preserve internet culture in a secure, blockchain-based repository. This innovative approach appeals to a community eager to protect and archive digital content in an era where memes play a significant role in online identity and communication. 

The project’s presale success, raising 10,131 SOL, highlights substantial early support. Similarly, the growing number of holders suggests a strong belief in its vision. But will it stand the test of time as a utility-driven project?

6. Gigachad

This community-driven project allows trading on both centralized and decentralized exchanges. Over the past 24 hours, GIGA recorded a trading volume of $7,788,868, reflecting its strong performance. 

This performance, coupled with its root in idealized masculinity, the Gigachad meme has achieved widespread popularity. It has even started gaining traction through endorsements from notable figures like UFC fighter Paulo Costa. This highlights its growing presence in both crypto and cultural spaces.

How to Buy Solana Meme Coins in 2024

Buying a Solana meme coin is not very complex. However, for the sake of new investors, we’ve curated a step-by-step approach.

Step 1: Research the market

Before diving in, take time to study the market. Find out which coins are gaining traction. What’s their utility or potential?

Check crypto news sites, forums, and expert reviews to gauge market trends. Look for red flags like vague roadmaps or inactive communities. This will help you determine the coins that fit into your portfolio. Remember, informed decisions reduce risks.

Step 2: Create a crypto wallet

To buy SOL meme tokens, you’ll need a secure crypto wallet. It is important to look out for options like Phantom Wallet or Solflare that are designed specifically for the Solana network.

These platforms may have unique setup instructions, so ensure to follow them carefully.

Step 3: Fund your wallet

Once your wallet is set up, the next step is to fund it. You can purchase SOL on major exchanges like Binance or Coinbase and then transfer it to your wallet. Always double-check your wallet’s address before completing the transfer to avoid losing your coins. 

Step 4: Connect your wallet to an exchange

Once your wallet is ready, connect it to a decentralized exchange that supports Solana-based tokens. These platforms let you swap SOL for meme coins directly, saving you unnecessary stress and extra costs.

Step 5: Swap coins for SOL meme tokens

With your wallet successfully connected, navigate to the trading interface and select the meme coin you want to buy. Enter the amount of SOL you’d like to swap and confirm the transaction. Once the transaction is complete, your new meme coins will appear in your wallet.

When is the Next Solana Meme Coin Season?

The timing of the next “Solana meme season” is unpredictable. Why? The value of these coins largely depends on factors such as market sentiment and social media hype, which makes it difficult to ascertain the exact time it’ll trend.

However, there are some indicators that could signal its arrival:

• Bitcoin rally: Historically, altcoins and meme coins have performed well after Bitcoin saw significant gains. If Bitcoin enters a strong bull run, meme coins could follow.
• Community activity: A surge in meme coin discussions on platforms like X, Reddit, and Discord often precedes a meme season. You can use a sentiment analysis tool to gauge the popularity of SOL meme coins.
• Market trends: During periods of high speculation or when investors look for quick gains, meme coins typically gain traction. The success of meme coins often comes down to their viral potential and ability to ‘trend’ online. Look for a surge in mentions of a particular token or type of token – this could signal that it is trending.

It is important to note that this may not always be the case, so as much as you can, look out for updates.

How to Find New Solana Meme Coins

Finding Solana meme coins that are just emerging can be exciting yet tasking. Below are some of the easiest ways to go about it.

Social media

Social platforms are often the first to spotlight emerging meme coins. Platforms like Reddit and X are usually buzzing with discussions and analysis on new launches and projects.

While this may appear advantageous, you need to be cautious because social media can also spread misinformation.

Coin aggregators

Aggregators like CoinGecko and CoinMarketCap provide valuable insights into newly listed tokens, highlighting trends, trading activity, and performance. These platforms are often updated daily, offering a reliable source for new projects.

Crypto newsletters and presale alerts

Newsletters often feature curated updates on presales and launches, helping you stay ahead of the curve. Presale alerts can offer access to tokens before they hit the broader market, but always assess their legitimacy carefully.

ICO calendars 

Initial Coin Offering (or ICO) calendars provide schedules for upcoming launches, with detailed information about tokenomics and project goals.

These tools are useful for finding newly launched projects before they become trending, which is the best way to find tokens for a low price. Some ICO calendars offer listing alerts which allow you to track as specific project or event.

Final Thoughts

Meme coins are highly volatile and often speculative. Prices can surge overnight, but they can also drop just as fast.  How can you protect yourself? Staying informed is the best strategy. Research each project thoroughly, evaluate its community and tokenomics, and stay updated on market trends. 

The best Solana meme coins to buy in 2024 are Bonk, DogWifHat and PopCat. These projects have survived market volatility and managed to attract large communities of supporters around the globe. Investing in Solana meme coins is a good way to diversify your crypto portfolio with altcoins that have the potential to return monumental gains.

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