This year, the Solana ecosystem has been revitalized. The price of its token $SOL has continued to soar, and recently exceeded $205, setting a new high since January 2022. The DEX trading volume on Solana also briefly exceeded Ethereum.
The strong performance of Sol coin is inseparable from Solana’s recent frequent airdrops and Meme coin craze, which attracted a large number of speculative traders. Although Solana Meme coin trading is risky, it at least breathes new life into Solana.
So, what are the popular Solana meme coins currently? How to buy Solana Meme Coin?
Starting in the second half of 2023, the Solana ecosystem began to emerge with memes of various themes. Coins, these meme coins have attracted the attention of the community with their outstanding performance, bringing considerable transaction volume to Solana.
Defi Llama data shows that Solana’s decentralized exchange (DEX) trading volume reached US$9.03 billion in the past seven days, exceeding Ethereum’s US$8.836 billion in the same period. This marks the first time that Solana DeFi transaction volume has surpassed Ethereum. Although this lead is short-lived, it is significant.
Decentralized exchanges facilitate peer-to-peer trading between various cryptocurrencies, especially those “meme” coins that are not listed on centralized exchanges. In the past, most trading took place on the Ethereum platform, but now decentralized exchanges provide a venue for trading a wider variety of cryptocurrencies.
However, due to the recent stimulation of Solana airdrop activities and the craze of Meme coins, Solana has attracted a large number of investors chasing the hype. In addition, Solana provides lower gas fees compared to Ethereum, which has also become an advantage of these meme coins.
In addition, compared to Ethereum’s meme coins, the meme coins on the Solana chain have greater room for growth, and have been on hot searches many times.
Although Meme coin trading is risky and its popularity may be short-lived, it has at least temporarily injected vitality into the Solana ecosystem.
While Solana’s trading volume surged, its cryptocurrency SOL also successfully exceeded $180, setting a new high since January 2022.
According to coingecko website data, the top three Solana meme coins by current market value are:
In addition, analoS (ANALOS) and Silly Dragon (SILLY) have also attracted the attention of many investors recently. Next, we will briefly introduce these five projects.
Bonk (BONK) is a dog-themed meme coin based on Solana. Launched in December 2022 to support and revitalize the struggling Solana community.
The team behind it will use 50% of the total token supply for community airdrops. Among them, 20% of the total airdrop supply went to Solana NFT collectibles, 10% went to artists and collectors in the Solana ecosystem, 15% went to Openbook early traders, and the last 5% went to Solana developers.
The token did not receive much response when it was first released, but with the integration of more and more projects and functions and airdrop activities, BONK gained huge attention and surpassed Floki Inu (FLOKI) to become the market capitalization The third largest Dogecoin.
Samoyedcoin (SAMO) was born in 2021 and is the earliest Solana Meme coin. The project aims to promote, educate and support Solana ecosystem. Recently, the team has turned its focus to becoming an "experimental Web 3.0 community token."
While most people use the Shiba Inu as their mascot, Samoyedcoin uses the Samoyed, one of the 14 ancient dog breeds that most closely resembles the wolf.
Myro (MYRO) is a new meme currency project on Solana, based on the beloved name of Solana co-founder Raj Gokal Pet dog named Myro.
The meme coin’s mission is to make cryptocurrencies accessible and enjoyable for everyone, aiming to redefine the MEME coin on the Solana blockchain.
AnaloS is a memecoin project based on Solana. It is inspired by the development of Solana blockchain. As you can see, the project The name is actually Solana spelled backwards.
AnaloS was released on December 24, and with the amazing growth of the Solana blockchain, the project quickly attracted the attention of the community, pushing the ANALOS token to the top of various rankings that day.
Silly Dragon is a Solana-based meme coin that debuted as an internet meme character on December 5 Appearance. Among them is a little dragon, dressed as Solana co-founder Anatoly Yakovenko during Halloween 2023.
Like all other meme coins, SILLY Coin lacks real-world utility and relies on the tide of internet culture and social media trends. Its creators incorporated popular online jokes and references into the token’s identity, capturing the attention of a web-savvy audience.
Solana Meme coins on the Internet have been very popular recently. According to data from on-chain analyst Lookonchain, some traders have made millions of dollars using these meme coins. So, how should we invest in them to make money?
First, you need to choose a cryptocurrency trading platform to execute trades, which can be an exchange (such as Binance, Ethereum) or a trading aggregator (such as Jupiter, Solflare).
If you choose to trade on an exchange, you must register on their website and complete identity verification. This step is very important because it can better protect your assets and improve your trading authority. Upon successful verification, you will be able to trade multiple cryptocurrency pairs, including Solana Meme Coin.
Since most exchanges provide online wallet functions, if you do not have your own cryptocurrency wallet, you can also trade and store it, but it is still recommended that you put your idle assets in More secure cold wallet.
If you choose to use a trading aggregator such as Jupiter, you will need to connect your crypto wallet to the platform. At this time, you need to register your own encryption wallet (such as Metamask wallet) first, and please be careful to keep your private information.
After completing the setup in either platform, you can select the currency pairs you want to trade. Please note that not all exchanges offer all Solana Meme coin trading pairs, you may refer to:
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