Top Solana Meme Coins by Market Cap in 2025

Zac McClure
ByZac McClure, MBAReviewed byAlex MilesUpdated on February 5, 2025 · minute read
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  • Solana meme coins like Bonk and Dogwifhat soared in 2024. Investors can buy these coins on decentralized exchanges like Raydium or centralized exchanges like Binance.

  • Investing in Solana meme coins involves high volatility and risk, making it essential to research before buying. Be sure to understand tax implications and risks.

Meme coins on the Solana blockchain have gained significant traction, offering fast transactions and low fees compared to other networks like Ethereum. Several meme coins compete for dominance in this ecosystem, attracting investors due to their viral marketing and community-driven hype.

What is a Solana meme coin?

A Solana meme coin is a cryptocurrency launched on the Solana blockchain that typically capitalizes on memes, humor, or trends in online culture. These tokens often gain value through viral marketing and strong community engagement rather than any real-world utility or technological innovation.

While the coins may lack intrinsic value, their appeal comes from their community-driven nature and the potential for rapid price gains based on social media trends.

Solana meme coins are highly speculative investments, and their prices fluctuate quickly due to market sentiment and social media activity. Solana’s fast transaction speeds and low fees make it an ideal blockchain for launching these tokens, especially compared to more expensive platforms like Ethereum.

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Which meme coins are under Solana?

Several meme coins have gained prominence on the Solana blockchain, with Bonk, Dogwifhat, and Popcat leading the charge. Bonk was one of the earliest meme coins to splash Solana, benefiting from low fees and quick transaction times. It grew in popularity due to its community-driven marketing and ability to capture attention across social media platforms.

In addition to Bonk coin, coins like Dogwifhat (WIF) and Popcat have also gained momentum. These tokens offer investors a way to speculate on market trends and community growth, but they also carry a high level of risk due to their volatile nature.

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How do Solana meme coins work?

Solana meme coins operate on the Solana blockchain using its SPL (Solana Program Library) token standard. These tokens function similarly to other cryptocurrencies, relying on decentralized technology to facilitate secure and fast transactions. However, meme coins often lack substantial real-world utility and are primarily driven by social media trends and community engagement.

The appeal of these coins lies in their speculative nature, where prices can rise quickly due to viral interest. While this can lead to short-term gains, the market is highly volatile, and prices can drop just as fast. Investors need to be cautious when entering this highly speculative market.

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Top Solana meme coins today by market cap

At time of writing, the leading Solana meme coins by market cap are:

  • The Official Trump Meme Coin (TRUMP): The official Trump meme coin took the crypto world by storm, launching just prior to Trump's second term.

  • Bonk (BONK): Bonk Coin is one of the first Solana-native meme coins, designed to be a "community coin" to reward Solana developers, NFT collectors, and artists. Its low transaction costs and fast transaction speeds have helped it grow in popularity within the Solana ecosystem. The token was initially airdropped to Solana users, which helped boost its rapid adoption.

  • Dogwifhat (WIF): Dogwifhat, often called the "dog with a hat" coin, has become one of the most viral Solana meme coins due to its humorous branding and strong community support. Known for its large market cap, WIF is widely traded on Solana's decentralized exchanges and has seen significant gains fueled by its active online community.

  • Popcat (POPCAT): Popcat Coin is a meme coin that capitalizes on the viral internet sensation of the "Popcat" meme. It's gained a substantial following thanks to its integration with social media and viral campaigns. Popcat's focus on humor and relatability has helped it carve out a niche in the Solana meme coin market.

  • Cat in a Dogs World (MEW): MEW, or "Cat in a Dogs World," is a cat-themed meme coin that positions itself as the alternative to the dominant dog-themed tokens like Dogecoin and Shiba Inu. The project has seen steady growth due to its unique branding and attempts to disrupt the dog coin monopoly in the meme coin space.

  • Book of Meme (BOME): Book of Meme is an experimental meme coin on Solana that aims to immortalize internet memes on the blockchain. It integrates decentralized storage to preserve memes, giving it a unique position in the meme coin market. Its strong community and innovative concept have helped it maintain a significant market cap.

  • Gigachad (GIGA): Inspired by the Giga Chad meme, Gigachad incentivizes personal growth while leveraging the popularity of the Chad meme for community-driven marketing. The coin has attracted attention due to its focus on self-improvement, with influencers and fitness figures supporting the project.

  • Fartcoin (FART): Fartcoin stands out for its unusual branding and a community that loves to troll and laugh. "Hot air rises."

Why you should invest in Solana meme coins

Solana meme coins can be attractive due to the potential for rapid price appreciation. Solana’s fast transaction times and low fees provide an ideal platform for trading these highly speculative tokens, allowing investors to react quickly to market changes and social media trends. Meme coins can also generate strong community engagement, driving further price growth.

That noted, the volatile nature of meme coins means they come with substantial risk. Prices can fluctuate rapidly, and you can lose your investment if the coin’s popularity wanes or the market turns against it. It’s essential to weigh these risks before investing.

Where to buy Solana meme coins

You can purchase Solana meme coins on several platforms, including decentralized exchanges (DEXs) like Raydium and Orca, where trading fees are minimal and transactions are fast. These platforms allow you to trade meme coins directly from your Solana wallet without intermediaries.

Centralized exchanges like Binance and KuCoin also list popular Solana meme coins, making them accessible to a broader audience.

When using a centralized exchange, ensure you transfer your purchased coins to a secure wallet like Phantom or Solflare to maintain complete control over your assets.

How to buy Solana meme coins

  1. Set up a wallet: Install a Solana-compatible wallet like Phantom or Solflare to store your coins securely.

  2. Buy SOL: Purchase Solana (SOL) on a centralized exchange like Binance or Coinbase and transfer it to your wallet.

  3. Choose an exchange: To buy your desired meme coins, select a decentralized exchange like Raydium or a centralized one like Binance.

  4. Complete the purchase: Use your SOL to buy the meme coins and transfer them to your wallet for safekeeping.

Keep a small amount of SOL in your wallet to cover transaction fees when trading or transferring coins.

See our expert picks of the best crypto wallets.

Taxes and Solana meme coins

Profits from Solana meme coins are typically subject to taxes. In the US, meme coins are treated as property, meaning any sale, exchange, or trade that results in a gain or loss is taxable. Investors must report these transactions and pay capital gains tax, which depends on the holding period and the amount of profit made.

Keeping detailed records of all transactions is crucial for ensuring compliance with tax laws. Platforms like TokenTax can help you track your trades, calculate your gains and losses, and ensure that you file your crypto taxes correctly.

Looking to calculate your crypto taxes? Try our free crypto tax calculator.

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Solana meme coins FAQs

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Zac McClure
Zac McClureCo-Founder & CEO at TokenTax
Zac co-founded TokenTax after his career in international finance and accounting at JPMorgan, Imprint Capital and Bain. He has worked in more than half-dozen countries and received his MBA from the UPenn Wharton School.
Alex Miles
Reviewed byAlex MilesCo-Founder at TokenTax
Prior to TokenTax, Alex worked as a Product Designer at Dropbox and before that Readmill (acquired by Dropbox). He holds a BS in Digital Information Design - Interactive Media from Winthrop University.

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