Top 5 Trending Memecoins on Solana – WIF, PONKE, SMOLE, SLERF and BOME

Solana Memecoins Key Points

• • Dogwifhat (WIF): Surging with a 568% increase, this community-governed memecoin’s market cap hit $2.2 billion, proving decentralized memes have serious clout.
  • Ponke (PONKE): Ditching dogs for a gambling monkey, Ponke doubled its market cap in a month, thanks to its committed community and a unique take on network contribution.
  • Smole (SMOLE): Smole made a splash with a $30 million presale and a soaring market cap, establishing it as the memecoin to watch on the Solana blockchain.

The cryptocurrency market continues its 2024 rally, with memecoins rejoining the headlines alongside established players.

These digital assets, inspired by internet memes and known for their lighthearted approach, have captured the imagination of investors and enthusiasts alike.

While their meme-driven nature and inherent volatility can be controversial, their explosive growth and passionate communities can’t be ignored.

This trend isn’t limited to Ethereum, the leading blockchain platform. Solana, renowned for its blazing-fast transaction speeds and minuscule fees, has become a blossoming hub for memecoins.

Let’s delve deeper into five of Solana’s hottest memecoins, exploring their unique characteristics and the driving forces behind their ascent.

1. Dogwifhat (WIF): A dog wif a hat

Launched in October 2023, Dogwifhat takes the Shiba Inu meme and injects it with a decentralized twist.

Unlike memecoins with central leadership, Dogwifhat’s ownership is distributed amongst its community, fostering a collaborative approach.

This focus on community governance has resonated with investors, propelling Dogwifhat to a $2.2 billion market cap.

Furthermore, Dogwifhat’s price has surged by a staggering 568% in the past month, solidifying its position as a top Solana memecoin.

Where to trade Dogwifhat?

Dogwifhat is available on major centralized exchanges (CEXs), such as Binance, Gate.io, KuCoin.

Like most Solana ecosystem tokens, it is likely available on popular decentralized exchanges (DEXs) within the Solana network such as Raydium and Jupiter.

2. Ponke (PONKE): The Degenerate Gambler Monkey with Bite

Ponke, launched in December 2023, quickly captured the crypto community’s attention with its unique brand identity. Diverging from the common dog theme, Ponke introduces a monkey mascot, described humorously as a “degenerate gambler with anger issues.”

Beyond the unconventional mascot, Ponke boasts a strong and active community known as the #PONKEARMY.

This engaged community is fueled by strategic partnerships with prominent crypto influencers like CryptoBanter and DaVinciJlevan, lending the project legitimacy and a wider reach.

Technically, Ponke stands out by operating a Solana Validator node, actively contributing to the network’s security.

This commitment to the Solana ecosystem separates Ponke from memecoins solely focused on virality.

Currently, Ponke holds a market cap of $30 million and has witnessed a 100% growth in the last month.

Where to trade Ponke?

Ponke can be bought on major centralized exchanges (CEXs) such as Gate.io, HTX, Biget, and MEXC.

For those who prefer decentralized trading platforms, Solana’s DEXs like Raydium and Jupiter offer avenues for purchasing Ponke.

3. Smole: The Self-Proclaimed Smolest Memecoin Making Big Waves

SMOLE is the newest addition to this list, having launched just yesterday in March 2024.

Despite its infancy, Smole has quickly become one of the most traded memecoins on the Solana blockchain, amassing a trading volume of over 514% since its debut.

This rapid rise can be partially attributed to its successful pre-sale, which garnered a significant $30 million – a noteworthy achievement for such a new project.

The launch was delayed due to high traffic on the Solana network, highlighting the intense interest in this memecoin.

Currently, Smole has a market cap of $84 million.

Where to trade SMOLE?

For Smole, enthusiasts can trade on CEXs such as HTX, Gate.io, MEXC, and Bitget.

Decentralized options include Raydium, Jupiter and Orca, where users can engage in trading directly from their Solana wallets.

4. Slerf: From Burn to Boom

Launched anonymously in March 2024, Slerf gained notoriety for a pre-sale blunder. The anonymous developer accidentally sent all the raised funds to an irretrievable burn address.

However, this mishap fueled a frenzy and unexpectedly garnered immense community support.

Donations in SOL tokens poured in to compensate presale participants, showcasing the project’s strong community spirit.

The coin’s price skyrocketed from a few cents to nearly $1.30, before stabilizing at $0.7. Slerf’s market cap has reached $371 million, showcasing the power of community support and meme-driven frenzy.

Where to trade SLERF?

Slerf is available for trading on major exchanges like HTX and Gate.io. This ensures that both users who prefer centralized trading environments and those looking for the autonomy provided by decentralized platforms can access Slerf.

Additional DEX options within the Solana ecosystem also support Slerf trading.

5. BOME: Redefining Meme Culture on the Blockchain

BOME, launched in March 2024 by DarkFarms, stands for “Book of Memes” and aims to redefine web3 culture by creating a permanent repository for meme culture on the blockchain.

BOME integrates tools for creating and sharing original memes, fostering a vibrant online community.

Despite incorporating speculative trading and gambling elements, BOME has seen a meteoric rise, with a presale raising over 10,000 SOL and a market cap reaching $1 billion within days of its launch.

BOME saw its launch become one of the most notable in the memecoin space, with listings on Binance right after its debut, making it exceptionally accessible to a wide audience.

Other exchanges where BOME is available include Gate.io, HTX, Bybit, and Solana-based DEXs such as Jupiter and Raydium.

This wide availability underscores BOME’s rapid rise and the broad interest it has garnered.

Summary

In early 2024, the crypto market, including memecoins, saw a significant surge, with Solana’s ecosystem being a major focus due to its high throughput and low transaction fees.

The article highlights four notable Solana-based memecoins: Dogwifhat, Ponke, Smole, Slerf and BOME, each with its unique appeal and contribution to the meme coin phenomenon.

• • Dogwifhat stands out with its decentralized ownership and has seen a 568% increase in its market cap.
  • Ponke, characterized by its monkey mascot and strong community, has doubled its market cap in a month.
  • Smole, despite being new, became highly traded due to a significant pre-sale and is considered a high-risk investment.
  • Slerf, known for its fundraising mishap, unexpectedly gained popularity and saw its price surge.
  • BOME, introduced as a cultural preservation tool for memes on the blockchain, represents a new direction in memecoin utility.