Solana’s meme coin market is thriving, constantly seeing new additions to the growing ecosystem.
Whether a Solana based project has been listed on DEX or CEX, or is still in the presale stage, it’s common to see them attracting massive attention and capital while the Ethereum chain has been comparatively quiet as ETH/BTC keeps bleeding, and SOL/ETH has been on the rise since January 2023.
With that being the case, here are the 10 best Solana meme coins you might consider buying or adding to your watchlist in May 2024.
Solana’s Top Meme Coins
Each of these Solana-based cryptocurrencies is well known or rapidly making its mark in the Solana meme coin sector. Here’s why:
Sealana (SEAL)
Sealana (SEAL) is a new meme coin based on Solana’s network. The project recently started its presale as the first-ever seal-based meme coin on Solana, and it quickly captured the attention of crypto investors.
Like Dogecoin, Sealana is a meme coin in the full sense of the word, with no promises of utilities or massive earnings.
It is a meme coin for the meme itself, and as such, it is similar to several other meme coins that launched recently and with great success.
In a sense, the project represents an obsession with constantly searching for new opportunities, to the point where even one’s health gets forgotten and replaced with a “trader’s diet of chips and tinned tuna.”
While a new Solana meme coin, its existence is also partially a critique of the obsession with new opportunities and chasing the white whale of the crypto industry.
A crypto analyst on the YouTube channel 99Bitcoins recently covered the new Solana meme token, speculating it could explode with the Solana price’s expected rally.
Slothana (SLOTH)
Slothana is a sloth-based cryptocurrency that emerged in the middle of an ongoing conflict between cat-based and dog-based meme coins.
The project has established itself as a funny, lazy (in a good, fun way) cryptocurrency and a true meme coin because it promises no utilities, massive earnings, or otherwise.
It is a funny crypto based on a funny animal for light-hearted fun. However, this might be just what the meme coin sector needs.
Slothana distributed the tokens via an airdrop on May 1, with and has been in an uptrend since May 9th with several CEX listings being announced, including Poloniex and XT.com.
View the latest SLOTH price chart on DEXTools and DEXScreener.
Keep a close eye on Slothana on X for additional updates regarding new listings and other project updates.
Smog (SMOG)
Smog is a Solana-based meme coin that also decided not to go with either a dog or a cat as the face of its project.
Instead, in honor of 2024 being the Year of the Dragon, this is a dragon-based meme coin that stands to be a massive gainer, as many might buy this meme coin simply for good luck.
However, even if you don’t believe that the dragon represents a lucky investment in 2024, SMOG is still worth considering as it offers a 10% discount.
On top of that, anyone who buys SMOG can stake it and receive rewards simply by owning the tokens and keeping them locked up.
Smog is also organizing community events right now. Recently, it held its first major airdrop, and its Season 2 Community Quest is now live.
To participate in these events and win even more rewards, investors must buy SMOG and stake it, as that is how XP is earned.
Having XP is a condition for participation. It is still possible to join or simply buy SMOG and wait for its price to grow. The mentioned crypto YouTuber, Cryptonews, believes that SMOG has the potential to reach $1 in 2024.
Wen (WEN)
Cat-based meme coins have recently become a massive trend in the meme coin sector, and Wen is one of the largest and cutest ones around.
It is the first-ever community coin based on a fractional NFT.
Essentially, the project’s community split @weremeow’s poem 'A Love Letter to Wen Bros' into a trillion pieces, each trading as a normal token on Solana.
However, owning a single one is enough to make you a partial owner of the poem.
Other than that, WEN also intends to push Solana’s limits.
So far, it has become the first community coin based on a fractional NFT, the first official launch on Jupiter DEX’s LFT launchpad, and the first NFT minted on the WNS NFT standard.
The project has made a lot of achievements for a cryptocurrency that only launched in late January 2024, so many expect it to be one of the leading cat coins once the market turns around and allows for bulls to take hold of it once more.
Dogwifhat (WIF)
Over the last few years, many meme coins launched after seeing Dogecoin's success In a much more competitive market, they decided that they could not afford to be ‘just meme coins.’
Instead, they introduced DeFi functionalities like staking or emerged as symbols of something, coming out with unique new technologies, and the like.
However, Dogwifhat insists that it is not like that.
Instead, this is simply, and quite literally, ‘just a dog wif a hat.’
That’s all there is to it, and as such, it perfectly embodies the spirit of the original Dogecoin, which emerged just to be a fun, meme-based cryptocurrency back in 2013.
However, that’s not to say that Dogwifhat has nothing to offer. On the contrary, it is currently working on the WIF Hat Generator, allowing community members to make their own WIF Hat memes and push the fun to the next level.
Catwifbag (BAG)
Catwifbag emerged as a sister project to Dogwifhat since the person behind the original Dogwifhat meme created this meme coin.
The project’s creator is an Instagram user known as ma_babezz, who posted a photo of her cat with a bag over the head about a week after the original Dogwifhat post was made.
This marked the birth of the Catwifbag meme and the project itself.
However, Catwifbag is just as dedicated to being a meme as Dogwifhat is, with its roadmap simply consisting of meowing throughout its three phases of development.
The project was designed to be a fun crypto, and it has already attracted over 13.42k holders as of the time of writing.
While it is not the biggest or the most popular meme coin, BAG is still quite young, as it has only been around for a few weeks, so there is plenty of time for it to grow.
SLERF (SLERF)
SLERF is another sloth-based meme coin, and in fact, it is older than the previously mentioned Slothana.
It emerged with a vision of being a fun and engaging meme coin. However, the thing that put it on the map and intrigued investors was actually an accident that took place on the project’s launch day.
The developer behind the project accidentally burned $10 million worth of SLERF tokens, which were supposed to be airdropped to presale buyers.
Instead of going to 25,000 presale participants, they were permanently locked up in a smart contract from which they could never be extracted.
However, the developer’s reaction to their error charmed the community — coupled with the promise of refunding everyone who didn’t get to receive their tokens due to the error.
Meanwhile, the publicity that the project received due to the incident made it blow up anyway, and right now, SLERF is one of the most popular cryptos on Solana, often at the top of trending lists.
Kitten Haimer (KHAI)
Kitten Haimer is one of the recently launched cat-based meme coins. Its goal is to safeguard the cat community and embody the spirit of vigilance in every endeavor.
The project emerged in response to the dominance of dog coins, while the few existing cat coins used to be separated and scattered.
Kitten Haimer represents something of a rallying point, seeking to unite all cat coins against dog coins and launch a revolution in this segment of the meme coin sector.
Of course, it is all just for the meme, although the project still stresses that it was designed for simplicity, but also accessibility and security.
In other words, while it may be a meme, it still takes the important things seriously. Its overarching idea is to provide a seamless crypto experience for everyone, whether they are experts or beginners who are just getting in contact with cryptos for the first time.
Dogeverse (DOGEVERSE)
Dogeverse is a new dog-based meme coin that stands out by being the first-ever multichain meme coin.
Currently, the new DOGEVERSE project is still at the presale stage. The token is set to run on Ethereum, BNB Chain, Polygon, Avalanche, Base, and Solana.
By running on six chains simultaneously, DOGE20 will enable users to transfer funds quickly and easily between chains.
In addition, it will let them stake their tokens and earn passive rewards. Its presale started on April 8 and became a quick hit, raising over $15 million in the first six weeks.
Interested investors can buy DOGEVERSE in exchange for ETH, USDT, BNB, MATIC, BASE, or AVAX. Alternatively, they can buy it with fiat currencies using credit or debit cards.
Commenting on the project recently, crypto YouTuber Jacob Crypto Bury, who has 37k subscribers, believes that Dogeverse has 100x potential.
WienerAI (WAI)
WienerAI is a new meme coin based not on Solana but on Ethereum. However, as a trending new project, it may be one for your watchlist.
WienerAI is a project that combines a dog, a sausage, and an AI into something new and revolutionary that stands to push the boundaries not only of meme coins but crypto projects in general.
Thanks to its technology, the project acts as everyone’s personal revolutionary AI trading partner with unparalleled capabilities.
It can open the door to enhanced trading assisted by AI, enabling seamless swaps at zero fees. Plus, it was designed to make it easy to update its technology at any time.
That way, it can continue to evolve with new trends and market changes rather than being stuck forever in a singular form like other cryptocurrencies.
WienerAI also stresses that its focus is heavily on its community and loyalty. If this interests you, it is still in presale as of early May so that you can become one of its early supporters and users.
Conclusion
The meme coin sector is among the hottest and most popular in the crypto industry.
While Ethereum’s meme coins have dominated the industry over the past few years, Solana is now rising as a challenger, with its meme coin sector getting stronger by the day.
While most of these cryptos are currently experiencing price drops, this is likely a result of the market-wide bearish trend that currently dominates. Some may use this to buy meme coins at a lower price, and others might find it wise to wait for a recovery to start.
No matter what you do about it, keep an eye on these top Solana meme coins, as their popularity promises a high likelihood of them returning at some point in the future.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
