Best Solana Memecoins to Invest in 2024

When a group of developers decided to create a cryptocurrency in honor of Shiba Inu, a very popular meme on the internet, many people thought it was just a joke. In less than a decade, the then Dogecoin went from a sale value of $0.0003 to being sold in 2021 at a unit price of $0.6 – a growth of 200,000%. Since then, the memecoin market has become one of the crown jewels of the crypto market – even resulting in the creation of a blockchain network dedicated to the development of these cryptocurrencies, Solana. Solana is where the main memecoins of today are located. In this article, we will talk about the best memecoins on Solana, what is special about each one and whether it is worth investing in them. 

Best Solana Memecoins to Invest in

To start, we have selected the 8 best memecoins on Solana for those interested in getting to know this market in more depth. 

1. Sealana : New memecoin based on the Solana network with great viral potential.
2. Base Dawgz: Memecoin multi-chain com recompensas share-to-earn.
3. Mega Dice Toke : The project invests in GambleFi as a major source of utility.
4. Dogwifhat : Since 2023, the memecoin has moved around $2.5 billion dollars.
5. Bonk : Responsible for moving more than $2 billion in just over a year.
6. Myro : Has a market value of $135 million dollars
7. Popcat : Has grossed $262 million since launch in 2023
8. Wen : In 2024 alone, more than 727 million tokens have already been sold.

Detailed Analysis of the Best Memecoins on Solana

All of the memecoins on our list are derived from unique projects with their own characteristics. Finding the best memecoins for your investment portfolio is a painstaking process. You need to understand how each project works, so we’ve prepared a detailed guide for each of the memecoins we’ve listed.

Sealana ($SEAL)

The next memecoin on our list is $SEAL, the native token of Sealana. Built on the Solana blockchain, Sealana follows the story of an obese and lazy American country seal.

Hoping to get out of her mother’s basement, Sealana starts trading cryptocurrency tokens. The character is based on the popular South Park character, World of Warcraft Guy. Many investors may be interested in buying $SEAL due to the success of the Solana-based meme token.

In the past two weeks, Popcat and Solama have surged by 260% and 80% respectively. Hence, there is a growing demand for new SOL-based projects. Solana also supports transactions with low gas fees at high speeds.

To join the presale, interested investors can purchase tokens directly from the presale website.

Currently, 1 SOL will give you 6,900 $SEAL tokens. Stay tuned for more project developments by joining the Telegram channel and following Sealana on X (formerly Twitter).

Buy SEALANA

Base Dawgz

Base Dawgz is an interesting memecoin with the potential to explode in 2024. That’s because $DAWGZ isn’t tied to a single blockchain. Instead, utilizing Wormhole and Portal Bridge technologies, $DAWGZ is available on five blockchains: Base, Solana, Ethereum, Binance, and Avalanche.

This gives the token massive exposure to the memecoin trading community and other investors. To help promote the token, Base Dawgz will reward users who connect their X accounts and post Base Dawgz-related memes and content. This is called “Be Social for Airdrop.” Additionally, there is an allocation of 15% of the total token supply for marketing purposes.

$DAWGZ is currently available in a pre-sale where early investors can secure a low price. Once the token is listed on exchanges, the price will not be the same. Check out the Base Dawgz whitepaper to learn more about the project.

Why Dawgz Base Could Be the Next Crypto to Explode

• $DAWGZ offers seamless interoperability across multiple blockchains (ETH, SOL, BSC, AVAX), providing versatile use cases for users.
• The roadmap includes strategic phases such as DEX and CEX listings, community rewards, and ongoing marketing.
• Tokenomics allocates 20% to presale, staking, and liquidity, ensuring sustainable growth.

Buy DAWGZ BASE

Mega Dice Token ($DICE)

The Mega Dice Token ($DICE) is part of the group of innovative GambleFi tokens. In other words, it brings together online gambling and the world of finance. In this way, the project creates an intrinsic utility, starting from the platform itself.

First of all, Mega Dice is one of the best cryptocurrency casinos, already engaging a strong base of over 50,000 users. But it’s not enough to simply combine play-to-earn and cryptocurrencies in any form.

And the $DICE team certainly knows this. The project’s whitepaper is very clear and detailed. This way, you can see which way the cryptocurrency can grow. There are several highlights in this Solana presale. In the table below, you will understand better.

Compre MEGA DICE TOKEN

Dogwifhat ($WIF)

Dogwifhat is another memecoin inspired by the most famous of all memecoins, Dogecoin. In this project, however, the team’s goal is to put a Shiba Inu wearing a beanie to work towards improving Wi-Fi technologies. Basically, the project aims to create a decentralized internet sharing network, rewarding users who share their connection with Dogwifhat tokens. 

This is a proposal that, despite being backed by a memecoin, has strong social appeal in the real world. With the possibility that each user can transform their devices or internet modems into Wi-Fi routers and profit from it, Dogwifhat has just become a sales success.

Since its launch on Solana memecoins in December 2023, the project has already raised over $2 billion. Amid the Bitcoin halving, the project reached its highest historical mark, surpassing $4.6 per unit after 3 months of existence. An incredible increase of 2,606%, which is attracting the market’s attention and keeping the value of the memecoin above the historical average.

Compre DOGWIFHAT

Bonk ($BONK)

One of the longest-running projects on our list, Bonk is a memecoin that stands out as one of the most popular exchange currencies on the Solana network. Accepted in a variety of applications, from exchanges, gaming, development, DIF, NFT, among others, Bonk quickly became the most traded cryptocurrency on Solana, behind only the network’s own cryptocurrency, $SOL/USDC.

Based on the meme of a dog beating another dog with a baseball bat, Bonk offers investors the ability to trade cryptocurrencies on its Swap network, borrow and stake on its Dex network, or store their tokens on its Vault network. With a market cap of around $2 billion, the project estimates the issuance of up to 93 trillion tokens.

After going viral on TikTok as the intellectual memecoin, Bonk reached its all-time high of $0.00003771 per unit. Considering the launch price of $0.0000001972, the appreciation was 19,000% in just over 1 year. Therefore, it is an interesting Solana memecoin to keep an eye on.

Compre BONK

Myro ($MYRO)

Myro is a memecoin that pays homage to another dog. This time, the developers decided to pay homage to Solana founder Raj Gokal and his dog Myro, an all-black terrier that won over Raj’s fans. The team behind the project’s main goal is to create a community around a greater common good, where everyone can benefit from a shared benefit.

The main highlight of the ecosystem is the social-fi app model. According to the project, the goal is to create a social network where participants can earn money by posting cool stuff and also by liking and sharing it. For each photo sold on the social network, the value will be shared between the author and also with the people who liked and helped the post gain engagement.

In just over five months since its launch, MYRO has reached the $380 million mark in market value, jumping from a unit price of 0.002818 at the end of 2023 to $0.4317, its highest value. A significant increase of 15,000%, placing it as one of the most promising projects today.

Buy MYRO

Popcat ($POPCAT)

The ugly duckling of Solona’s memecoin group is Popcat, but only because it’s a memecoin that pays homage to the dog’s greatest enemy: the cat. Launched in December 2023, Popcat is based on the internet meme of the open-mouthed cat, Oatmeal, and is yet another successful invention by Solona users. 

Unlike its competitors, Popcat doesn’t have a well-defined plan. The goal of the team behind the project is to become the archrival of the famous Shiba Inu-based memecoins. To do so, they’ve made a smart investment in social media, sharing hilarious images and situations involving the cat and the dog. Apparently, the strategy has been working. 

With the issuance of almost 1 trillion tokens, PopCat reached a market value of 350 million in less than 4 months of life. It jumped from an initial unit value of $0.01972 to $0.5131 a few weeks later. A growth of more than 2,500% that has been catching the attention of investors.

Buy POPCAT

Wen ($WEN)

Closing our list, Wen is a memecoin whose name does not honor any type of dog, dragon or cat. In fact, Wen is an allusion to the famous question “When”, asked as a way to joke about cryptocurrency growth predictions. Turning what was previously something negative into a fun term, related to a successful memecoin.

The kitten is the symbol of the project, and another tribute, this time to the Cool Cats Web3 community. One of the reasons given by the team behind the project is that the memecoin community suffers from a lack of cat-based projects. With this, the creators end up uniting two completely different themes around a single project, attracting a greater number of interested parties.

Launched with an offering of 727 trillion tokens, the project has already distributed 100% to its community, making the Wen cryptocurrency jump from a unit value of $0.00005976 at the time of its launch to a unit value of $0.0004967 just 4 months later. This is the second high for the cryptocurrency this year alone, and as the project becomes more popular, more are likely to follow.

Compre WEN

Methodology: How we chose the best memecoins on Solana

Solana is one of the most popular blockchains for memecoins and with countless projects happening on the platform, but with so many options available, how do you choose the best memecoins? 

First, we analyzed the community around each memecoin. An engaged and active community is essential to the long-term success of a memecoin. We looked at the number of social media followers, forum activity, and overall community engagement.

Next, we evaluated each memecoin’s utility and use case. While memecoins are often associated with playfulness, the best ones have an underlying utility, such as integration with games or NFT projects. We also considered each memecoin’s liquidity and trading volume. High liquidity and volume indicate strong demand and community adoption.

Finally, we look at the team behind each project. We look for experienced, transparent teams with a proven track record in the crypto space.

Based on these four aspects, we have built a system of choices that brings to our readers only the most interesting Solana memecoins in the world, with the greatest potential for growth and long-term success.

How to buy memecoins on Solana?

Some memecoins can be purchased on exchanges like Binance, however, others can only be purchased within the Solana system. If you are interested in purchasing memecoins on the Solana blockchain, the process is relatively simple. 

Step 1: Creating your wallet

Before jumping into Solana in search of the hottest memecoins of the moment, it’s important to set up a wallet that’s compatible with the Solana network.

Step 2: Buy SOL tokens

Next, you’ll need to acquire some SOL tokens, the native cryptocurrency of the Solana network. Only after purchasing solana can you exchange them for memecoins.

Step 3: Enter the DEX

Once you have some SOL tokens in your wallet, you can use a decentralized exchange (DEX) on the Solana network, such as Raydium or Serum, to exchange your SOL tokens for specific memecoins.

Step 4: Connect your wallet

Once inside the DEX network, simply connect your wallet to start trading.

Step 5: Select tokens and make the exchange

Finally, simply find the trading pair corresponding to the memecoin you want to buy and make the exchange.

Is it worth buying memecoins on Solana?

As we have seen, despite being based on internet memes, memecoin-type cryptocurrencies are becoming more profitable than many of the more “serious” cryptocurrencies. One of the reasons for this is the community engagement around the project, which makes it more valuable as it attracts more people interested in acquiring memecoins on Solana.

Furthermore, because they are relatively cheap cryptocurrencies compared to traditional cryptocurrencies (a Dogecoin costs less than US$1, while a Bitcoin has surpassed the US$40,000 mark ), they become interesting assets for those on a low budget. With a few dozen reais, you can buy a considerable amount of memecoins.

Given this, all of this results in the last aspect that makes memecoins attractive investments even in 2024. With appreciation rates that exceed thousands of percent, they can be quite profitable for those who want to start investing in cryptocurrencies, but don’t want to spend a lot.

FAQ about Memecoins on Solana