What is Solana memecoin?

Memecoins originate from the “meme” in internet culture, usually themed around a certain image, expression, or character. Solana memecoins are tokens issued on the Solana public chain, retaining the fun attributes of memecoins while also possessing the programmability and decentralization characteristics inherent to public chains. Compared to traditional mainstream public chains like Ethereum, Solana memecoins have significant advantages in transaction speed and fees.

Why choose the Solana network to issue memecoins?

High speed and low cost
The Solana network can achieve a throughput of thousands of TPS, with an average transaction confirmation time of less than 1 second, and transaction fees generally around 0.00025 dollars, significantly reducing the cost and participation threshold for investors.

Ecosystem active
Since the end of 2021, the Solana ecosystem has rapidly grown, with various projects in DeFi, NFTs, games, and more flourishing, providing more ways and promotion channels for memecoins.

Community-driven
The Solana community has a high tolerance for new projects, and many memecoin teams quickly gather fans through airdrops, AMAs, and social media marketing, creating a positive feedback loop.

Popular Solana memecoin roundup

Figure:https://www.coingecko.com/en/categories/solana-meme-coins

According to CoinGecko data, the total market capitalization of Solana memecoin today is approximately 10.3 billion USD, with a 24-hour trading volume of about 3.02 billion USD and a 24-hour increase of 9.2%. Below are introductions to several top projects:

• Official Trump (TRUMP): Market cap of approximately $2.41 billion, themed around the “Trump” meme, with a recent 24-hour increase of 10.1%.
• BONK (BONK): Market cap of approximately $1.43 billion, community-driven issuance, often referred to as “Dogecoin of Solana”, with a 30-day increase of up to 83.9%.
• Fartcoin (FARTCOIN): Market cap of approximately $1.09 billion, with a humorous theme that is popular among the young community, 7-day increase of 12.0%.
• Pudgy Penguins (PENGU): Market cap of approximately $840 million, derived from a popular NFT series, strong community engagement, with a 30-day increase of over 227.9%.
• dogwifhat (WIF): Market capitalization of approximately $620 million, themed around a “dog wearing a hat”, highly recognizable on social media platforms.

How to buy Solana memecoin?

The following introduces three ways: purchasing on the Gate platform, using the Gate Web3 decentralized wallet, and participating in new projects in advance through Pilot (Innovation Zone).

1. Buy on Gate

1. Register and complete KYC: Visit the Gate official website, register using your email or phone, and complete identity verification to unlock trading features.
2. Deposit funds: Get the USDT or SOL deposit address in “Assets → Deposit” and transfer the funds.
3. Purchase SOL (if needed): If the deposit is in USDT, you can select the SOL/USDT trading pair in “Trading → Spot Trading” to buy SOL at a limit or market price.
4. Buy memecoin: In the spot trading, search for the target memecoin/SOL trading pairs (such as BONK/SOL, TRUMP/SOL), and submit orders using limit buy or market buy.
5. Withdraw to personal wallet (optional): Enter your personal Solana wallet address in “Assets → Withdraw”, complete 2FA after withdrawal to enhance asset security.

Tip:

• Transaction Fee: Spot trading fee rate 0.2%, discounts available for holding GT.
• Limit Order vs. Market Order: Limit orders control costs but require waiting for execution; market orders are fast but may incur a premium;
• Security Protection: Be sure to enable 2FA and safeguard your login and transaction verification codes.

2. Use Gate Web3 Wallet

1. Download and Install: Visit the Gate Web3 Wallet official website or app store to get the browser extension or mobile App.
2. Create/Import Wallet: Set a password and securely save the mnemonic phrase. You can import the hardware wallet (Ledger, Trezor) with one click.
3. Switch to the Solana network: In the wallet, select Solana and transfer SOL/memecoin from Gate spot or other exchanges to the wallet address.
4. Directly connect to DApp trading: Open the built-in DApp browser, search for Raydium, Orca, etc., and complete memecoin buying and selling directly in the wallet without additional authorization.

3. Participate in advance through Pilot (Innovation Zone)

1. Eligibility: Must complete Gate KYC.
2. Browse Projects: Trade in the “Trading → Innovation Zone (Pilot) SOL Area.”

Risks and Considerations for Investing in Solana Memecoins

1. High volatility: Lack of intrinsic value support makes prices easily influenced by community sentiment.
2. Regulatory risk: Pay attention to the regulatory policies of various countries to avoid compliance risks.
3. Project Security: Be wary of pump-and-dump schemes or contract vulnerabilities, review the white paper and the team;
4. Diversified Investment: It is recommended to allocate to multiple projects to reduce single risk.

Future Outlook and Summary

Solana memecoin has rapidly risen with its “low fees and high speed + community” model, but it still belongs to high-risk products. With technological optimization, cross-chain collaboration, and community innovation, more diverse gameplay will emerge. I hope this article helps you board rationally, manage risks scientifically, and seize the next potential memecoin. Wishing you successful investments!