6 Best Solana Meme Coins to Buy in May 2024

Thanks to its blazing fast transaction speeds and low fees, Solana has emerged as the most active blockchain platform for meme coins. In this article, we’re highlighting the best Solana meme coins in 2024. 

Here are the best Solana meme coins to buy in 2024:

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The best Solana meme coins to buy in 2024

Before we get started with our list of the best Solana meme coins, we should make it clear that meme coins are arguably the riskiest investment you can make in the crypto markets (if we exclude things such as leverage or options trading). 

The vast majority of the Solana meme coins on our list don’t have a roadmap or any utilities other than being a speculative asset. Besides the tokens themselves, the projects typically consist only of a relatively simple websites and profiles on social media platforms. In addition, the teams that launched these tokens are generally either completely unknown or use pseudonyms.

While there has been a lot of excitement for meme coins and tokens as of late, these relatively new meme coins could easily completely crash in value if sentiment towards meme coins in general turns negative, since they don’t have any fundamentals to provide a floor for their value. 

As always, make sure to carefully consider your financial situation before making any investments and never invest more than you are willing to lose.  

1. Cat in a dogs world (MEW)

Cat in a dogs world (MEW) is a relatively new Solana meme coin that features a cat as its mascot. The token has no roadmap or utility, which is a common trend among successful meme tokens as of late. The MEW team does not publicly plan to give the token any additional features or utilities.

The token has a total supply of 88.8 billion, which is likely a nod to the number 8’s symbolism of luck and prosperity in Chinese culture. The name “MEW” itself is a playful take on the meme cryptocurrency landscape, which predominantly features dog-themed mascots, highlighting its unique position as a cat among dogs.

MEW has gained significant traction within the the crypto community, as evidenced by its listings on major cryptocurrency exchanges such as KuCoin, Bybit, and OKX. It is also one of the most actively traded tokens on Solana-based decentralized exchanges, and could be on its way to become one of the best meme coins on Solana. 

2. Jeo Boden (BODEN)

Jeo Boden (BODEN) is a Solana meme token that features a mascot parodying Joe Biden, the current President of the United States. The BODEN token doesn’t have a roadmap, any utilities, or even a website, as the project’s only “official” presence is through accounts on Twitter and Telegram.

Despite this, BODEN has been able to reach a market capitalization north of $250 million, and has even been listed on certain centralized exchanges (for example LBank). Nevertheless, BODEN is currently primarily traded on the Raydium DEX. 

BODEN is an example of politics-related meme coins, a genre that has been gaining some popularity. This phenomenon, which is sometimes dubbed “PolitiFi”, is also exemplified by tokens such as Doland Tremp (TREMP) and MAGA (TRUMP). 

Similarly to the BODEN token, meme coins in the PolitiFi genre typically feature crude and offensive humor, intentionally misspelled words and simple cartoonish characters to poke fun at popular politicians and the broader political system. 

3. Dogwifhat (WIF)

Dogwifhat (WIF) is a meme coin that launched on the Solana blockchain in November 2023, capitalizing on the growing excitement around the Solana ecosystem following SOL’s impressive rally that year.

Just like most other meme coins that have succeeded recently, Dogwifhat adopts a minimalist approach – the token wasn’t designed with any utility in mind, and also has no roadmap. Its branding revolves around an image of a dog wearing a hat, which is edited in various ways to create new memes.  

The project’s humor is based on niche internet memes and often pokes fun at the speculative frenzy and high-risk behavior prevalent in the cryptocurrency markets. 

4. Bonk (BONK)

Bonk (BONK) is a meme coin that made its debut on the Solana blockchain in late 2022, quickly capturing attention by airdropping tokens for free to the Solana community. The Bonk project claims that they are looking to reduce the influence of venture capital on the Solana ecosystem and empower regular users.  

Although it’s primarily just a meme coin, Bonk has seen multiplel integrations across various sectors, including gaming, gambling, decentralized finance (DeFi), and non-fungible tokens (NFTs). 

Within the Bonk community, several BONK-based games have been developed, allowing users to both spend and earn BONK through playing. Additionally, holders of the coin can leverage their BONK in various DeFi platforms to generate yield, play no-loss lotteries, and participate in other activities.

In many ways, Bonk is the originator of the meme coin movement on Solana. With this in mind, it’s perhaps not too surprising that BONK is the second-largest Solana meme coin on Solana, behind only Dogwifhat.

5. BOOK OF MEME (BOME)

BOOK OF MEME (BOME) is an experimental crypto project that aims to combine meme culture, decentralized storage technologies, and speculative trading. The project claims its goal is to create a “digital compendium” of internet meme culture called BOOK OF MEME, with each meme being permanently inscribed on the blockchain. 

The BOME token itself is issued on the Solana blockchain, and the project uses Arweave as its IPFS decentralized storage platform. The project also claims that an expansion to the Bitcoin blockchain via inscriptions is in the works. 

The BOOK OF MEME project conducted a presale in which 50% of the token supply was sold to participants. The rest of the supply was distributed to a community fund (20%) and liquidity pools (30%). 

BOME has seen considerable success since its launch, receiving listings on some of the industry’s leading cryptocurrency exchanges, including Binance, KuCoin, Bybit and Crypto.com. The token even briefly surpassed a market capitalization of $1 billion. 

6. Wen (WEN)

Wen (WEN) is a meme coin that launched on the Solana blockchain and and has some connections with the Jupiter decentralized finance project. 

According to the project, the primary aim of Wen is to contribute positively to the Solana community. To achieve this, a significant portion of WEN’s supply was distributed through a free airdrop. This airdrop was open to users who interacted with the Jupiter decentralized exchange over a specified six-month period, purchasers of the Saga smartphone, and holders of certain NFTs. 

Of the 700 billion tokens earmarked for distribution, over 400 billion were claimed, with the remainder being burned.

Even though Wen is primarily a meme coin, it also has some minor utility. It serves as a token that denotes ownership of a fractional NFT which was created by “meow” — the pseudonym of the lead developer behind the Jupiter project. 

The bottom line

Hopefully, our list of the best meme coins on Solana has helped you identify some interesting opportunities in the Solana ecosystem. When trading meme coins, it’s important to always keep in mind that these coins and tokens are almost entirely speculative and could crash in value at any time, since they tend to have extremely weak fundamentals. 

If you would also like to explore meme coins on other blockchain platforms, make sure to check out our article highlighting the best meme coins to buy in 2024.