Top Solana Memecoins in 2025 | Ledger

While you may think crypto is all about technical transactions and cutting-edge use cases, the ecosystem also has a fun side to it! And this carefree, irreverent side of crypto is where memecoins come into the picture. 

Of course, the memecoin market is driven by hype more than by any intrinsic value or utility, making memecoins as risky to buy as they are fun.

So, how do memecoins work on Solana exactly? And what should you know before you invest in them? Don’t worry, we’ve got you covered!

What are Solana Memecoins?

Memecoins are digital tokens that derive their value and popularity from internet culture, humor, and community engagement. Unlike cryptocurrencies which act as utility tokens for their respective blockchains, memecoins do not have any intrinsic utility. They often feature whimsical themes or are based on viral internet memes, capturing the zeitgeist of online communities. 

A memecoin’s success often hinges on its ability to capture its hype cycle with humor or a catchy narrative, spreading rapidly through social media platforms like X or Discord. If a coin garners adoption within a specific group or community, it can gain traction on decentralized exchanges, where trading volumes and community support can propel it to wider recognition.

Across web3, Solana is one of the leading blockchains delivering these vibes to its community—this is where a random memecoin can become a cultural phenomenon through a combination of viral marketing, celebrity endorsements, strategic partnerships, and strong community engagement. What’s more, tools like Pump.fun make token creation on Solana highly accessible, allowing for quick launches that can ride on the wave of current trends or memes.

Solana has emerged as a prime blockchain for memecoins due to several compelling factors:

• Technical Capabilities: As a blockchain that can handle over 65,000 transactions per second (TPS), Solana is ideal for rapidly creating and trading memecoins. This is the technical edge that supports platforms like Pump.Fun in the ecosystem.
  
• Cultural Fit: The Solana community itself has embraced meme culture, fostering a vibrant ecosystem where new memecoins can thrive. Marketing and memes run deep in the ethos of Solana, so it’s no wonder that the network’s accessibility to developers and the ease of token creation have made it a hotbed for memecoin innovation.

• User Adoption: Solana has seen steady growth in user adoption over time, not just for DeFi applications but also for NFTs, which parallel the hype and community-driven nature of memecoins.

How Do Solana Memecoins Work?

Solana memecoins are created according to the Solana Program Library (SPL) token standard. You can think of this like the ERC-20 standard on Ethereum. However, in contrast to Ethereum which requires different token standards for fungible and non-fungible tokens, the SPL token standard defines how all smart contract tokens function on the Solana blockchain. 

There are a few platforms that will allow you to create a Solana memecoin, with Pump.Fun being by far the most famous memecoin platform in the ecosystem. Pump.Fun’s platform simplifies the token creation process, allowing anyone to launch their own memecoin with no coding experience necessary and for just a few dollars. This has greatly democratized memecoin creation and contributed to the explosion of such tokens on the Solana network. 

As mentioned previously, memecoins explicitly do not carry any utility and are driven by the zeitgeist and online communities. As a result, a tweet from the right influencer or a well-orchestrated meme campaign can transform a coin from a mere digital doodle into a sought-after ‘investment’ in the blink of an eye. 

Ultimately the success of these memecoins lies in how well they can capture online attention. That’s why so many successful memecoins are launched off the back of popular memes that arise on social media.

Take for example Peanut, a squirrel that became beloved on the internet before being seized and euthanized by NYSDEC in 2024, sparking outrage and leading to the creation of $PNUT, a meme token that quickly hit a $1 billion market cap. 

Another similar memecoin, Moo Deng ($MOODENG), was inspired by a viral baby pygmy hippo named of the same name from Thailand’s Khao Kheow Open Zoo. Launched in September 2024, it rapidly gained popularity, which then led the zoo to start a 24/7 livestream of Moo Deng, allowing fans from around the world to watch her adorable antics. 

Each coin has its own subculture, complete with in-jokes, slang, and amusing mascots. Memecoins on Solana often tell stories that reflect the internet’s taste for irony and rebellion, drawing from viral trends or current event satire. This storytelling adds a unique layer, making these coins a mix of technology, culture, and wild speculation.

What Are the Top Memecoins on the Solana Network?

Bonk (BONK)

Launched in late 2023, Bonk quickly became synonymous with the Solana community’s ethos of inclusivity and fun. It launched right in the middle of a significant “airdrop” meta, focused on rewarding early adopters and believers in the Solana ecosystem. Known as the “dog coin of the people,” Bonk’s appeal lies in its simplicity and the community’s nostalgia for early crypto days where projects were about enjoyment and community over sheer profit. 

Dogwifhat (WIF)

Dogwifhat’s charm lies in its absurd, yet endearing imagery – a Shiba Inu wearing a hat, which first captured hearts across the internet. This memecoin has transcended its digital origins by becoming a cultural phenomenon on Solana, with community actions like funding a display on the Las Vegas Sphere, showcasing the meme’s global reach.

Popcat (POPCAT)

Stemming from the viral Popcat meme, this token resonates with the internet’s love for playful, light-hearted content. Popcat’s success is rooted in its ability to bring a smile through its simplicity, embodying the spirit of internet culture where humor and engagement trump complexity.

Peanut the Squirrel (PNUT)

The story of Peanut, a squirrel tragically euthanized by authorities, struck a chord with the crypto community, leading to the creation of $PNUT as a digital tribute. PNUT symbolizes more than just a memecoin; it’s a statement on animal rights, community solidarity, and the internet’s power to memorialize through memes. 

Goatseus Maximus (GOAT)

Combining the shock value of the infamous internet meme with the acronym “GOAT,” this token humorously positions itself as the ultimate memecoin. Centered on AI-generated memes, GOAT taps into the blend of technology and internet culture’s penchant for the outrageous. It resonates with those who appreciate the subversive humor of early internet memes while exploring blockchain’s potential for creativity. 

Cat in a dogs world (MEW)

MEW encapsulates the narrative of the underdog, or rather, the undercat, in a market often dominated by dog-themed memecoins. It speaks to cat lovers and those who identify with the struggle of standing out in a crowd.

BOOK OF MEME (BOME)

BOME is a memecoin project on the Solana blockchain aiming to archive internet memes permanently, essentially creating a “Book of Meme” where memes are stored for posterity. It’s a blend of humor, satire, and the blockchain’s promise of permanence. 

Zerebro (ZEREBRO)

Zerebro embodies the idea of collective intelligence, drawing inspiration from the concept of a shared brain. It’s not just about the memes but about building a community where decision-making is a collective effort. 

Fwog (FWOG)

For those who missed Pepe, Fwog brings the nostalgia of the Pepe the Frog meme to Solana. It plays on the frog’s cultural impact, offering a new chapter in Pepe’s journey within the crypto space, and appealing to those who fondly remember the meme’s viral moments.

Act I The AI Prophecy (ACT)

ACT weaves a narrative around AI’s future impact on cryptocurrency, blending speculative fiction with blockchain technology. It’s an invitation for token holders to be part of an evolving story, exploring themes like AI control, prophecy, and the essence of memes. 

Chill Guy

The chill guy meme is just a dog in a sweatshirt and jeans with a ‘Mona Lisa smile’, just chilling. Chill Guy represents the antithesis to the often frenetic pace of life in a vastly online and stressful digital world.

List of Top Solana Memecoins

Why Are Solana Memecoins Pumping?

The surge in Solana memecoins can be attributed to multiple factors, including:

Network Fundamentals and Infrastructure Support

As mentioned above, Solana’s rapid network speeds lend themselves to the quick creation and trading of memecoins. What’s more, platforms such as Pump.fun, Moonshot, and others that simplify the creation of SPL tokens have democratized meme coin production, leading to an explosion of new tokens.  This ease of token minting has contributed significantly to the growth of Solana’s memecoin ecosystem.

Celebrity Endorsements

Celebrities like Elon Musk, Donald Trump, and others have launched or endorsed meme coins on Solana, attracting both attention and capital into the ecosystem. This is reminiscent of the 2021 NFT cycle when celebrity purchases of high-profile NFTs like Bored Apes or Cryptopunks drove major demand for those token collections. 

Affordability and Culture

The low transaction costs on Solana make it economically viable for users to engage in speculative trading of meme coins. Coupled with this, the cultural resonance of meme coins within the Solana community has made it a breeding ground for speculative investments, where community sentiment dictates a coin’s value.

Where to Buy Solana Memecoins?

Solana Decentralized Exchanges (DEX) 

Phantom and Solflare wallets allow users to interact with Solana DEXs like Raydium or Orca. Here, you can swap SOL for any memecoin listed. Phantom supports both browser extensions and mobile apps, offering broad accessibility.

While DEXs offer decentralized trading, software wallets like Phantom are still internet-connected and thus susceptible to malware which can target your private keys. It’s always recommended to use a hardware wallet to secure your software wallet, and to segregate your assets properly so that you are never buying or trading memecoins with the same wallet that you use to store your valuable assets.  

How to Buy Solana Memecoins?

The most secure way to purchase Solana memecoins is to use a compatible software wallet paired with a hardware wallet. We recommend using Phantom wallet paired with a Ledger device to help keep your assets secure as you explore the world of Solana memecoins. 

Set Up: Ensure your Ledger device has the Solana app installed. Connect your Ledger device to Phantom by selecting “Connect Hardware Wallet” within Phantom’s interface.

Funding: Send SOL to your Ledger address shown in Phantom to fund your wallet.

Swapping: Navigate to a DEX within Phantom, choose your meme coin, input the amount of SOL you wish to spend, and confirm the transaction on your Ledger device. The transaction will be signed securely on the hardware wallet.

Security: Always verify transaction details on your Ledger’s screen before confirming to avoid scams.

For more information, check out our detailed guide on pairing your Ledger device to Phantom.

Key Considerations Before Investing in Solana Memecoins

Buying Solana memecoins requires careful consideration due to their unique characteristics and the risks involved.

Risks Associated with Memecoin Investing

Lack of Intrinsic Value

The basic critique of memecoins is that they generally lack real-world utility or intrinsic value. Their worth is largely based on community support, memes, and the hope of “pump and dump” scenarios. Even in the 2024 winter bull run, major memecoins like Peanut the Squirrel (PNUT) and Cat in a Dogs World (MEW) are fully speculative assets without the technological or economic backing seen in cryptocurrencies like Bitcoin or Ethereum. This speculative nature means their value can be as briefly lived as the memes they are based on.

Volatility

Memecoins on the Solana blockchain are notorious for their extreme price volatility. In Q4 2024, coins like Dogwifhat (WIF) and Popcat (POPCAT) have seen price swings that can exceed 100% in a single day, driven by social media buzz or celebrity endorsements. This rapid fluctuation makes these assets particularly risky for those unprepared for such market movements.

Fraud and Scams

The ease with which SPL tokens can be created on Solana has led to an uptick in fraudulent activities by Q4 2024. Rug pulls – where developers promote a coin, inflate its price, and then abandon the project, taking liquidity with them – have become a common occurrence. Moreover, the proliferation of “honeypot” tokens, designed to trap investors’ funds, has been reported. 

Regulatory Uncertainty

By the end of 2024, the regulatory landscape for cryptocurrencies, especially memecoins, remains uncertain. The SEC and other regulatory bodies have been scrutinizing the crypto space more closely, with potential implications for how meme coins can be marketed and traded. This uncertainty can lead to sudden regulatory actions that might affect the legality or liquidity of certain memecoins.

Liquidity Risks

While some Solana meme coins have substantial liquidity, many do not. This can lead to significant slippage when trying to buy or sell large amounts, or even difficulty exiting positions due to low trading volumes. Newer or less popular tokens might face challenges in providing the liquidity needed for quick trades.

Community Dependence

The value of memecoins is often tied directly to community engagement. If the community loses interest, the coin’s value can plummet. Many memecoins have anonymous founders behind them that abandon the project and dump it on their communities. On the other hand, some memecoin founders build a community of hardcore internet degens, trolls, and memers to guerilla market their tokens into higher market caps. 

Memecoins: Hype and Culture on the Solana Blockchain

Solana has carved out a significant niche in the memecoin market due to its technological advantages and vibrant community.  However, the allure of quick gains comes with substantial risks. Memecoins should be approached with caution, understanding their speculative nature, and only with money one can afford to lose. 

Always prioritize security, especially when dealing with software wallets, and remember the adage: “Do your own research” before diving into the whimsical world of meme coins.