Solana is experiencing a memecoin resurgence.
In this guide, we’ll explore the space and highlight tools so that you too can kickstart your Solana memecoin journey.
Let’s get started!
Memecoins: The origin story
The history of memecoins is relatively recent and tied closely to the emergence of cryptocurrencies and the culture surrounding internet memes.
One of the earliest and most influential memecoins is Dogecoin, which laid the foundation for the concept of using memes as a basis for creating digital currencies.
Dogecoin, launched in December 2013, was initially created as a joke by software engineers Billy Markus and Jackson Palmer. It featured the Shiba Inu dog from the popular "Doge" meme as its logo.
Despite its origins, Dogecoin quickly gained traction and developed a passionate community.
As such, the success of Dogecoin set a precedent for other memecoins to emerge. Over time, numerous cryptocurrencies with meme-inspired branding and themes started to surface, often capitalizing on internet trends and social media hype.
Having said that, the market for memecoins is highly speculative and volatile, with prices often driven by “clout” rather than an underlying technology or utility. While some memecoins have seen brief surges in value, others have experienced significant price fluctuations and faced scrutiny due to their lack of intrinsic value or real-world use cases.
Overall, memecoins represent a niche within crypto that leverages internet culture, memes, and community-driven enthusiasm, but they also come with heightened risks and speculation.
Due to their volatile nature and potential lack of long-term sustainability, it’s always a good idea to approach memecoins with caution and conduct thorough research before investing.
Memecoins on Solana
TRUMP
In January 2025, just before his second inauguration, President Donald Trump launched the TRUMP memecoin on Solana. As an officially Trump-affiliated memecoin, TRUMP has quickly soared to a multi-billion-dollar market cap, with trading volumes indicating continued strong interest from traders. Currently, 80% of the TRUMP token supply is still held by CIC Digital LLC, an affiliate of the Trump Organization. There’s no denying: Whether in politics, merchandise, or crypto, the Trump brand knows how to hold the spotlight.
MELANIA
Shortly after the TRUMP launch, First Lady Melania Trump introduced the MELANIA memecoin on Solana. The token's distribution allocates 20% for public acquisition and community engagement, while the remaining 80% is designated for team vesting and treasury purposes. Following the earlier launch of the TRUMP memecoin, this trend underscores the growing intersection of prominent figures and crypto.
BONK
Similar to Dogecoin, BONK is a dog-themed memecoin as well. The team designed it with the Solana ecosystem in mind, which is why it airdropped 50% of its supply to the community. The remaining 50% was allocated to five key categories: team development, marketing, initial liquidity, BONK DAO, and early contributors. Today, BONK is well integrated into Solana DeFi and functions as a community activation and user-onboarding tool.
SPX6900
SPX6900 is a memecoin operating on Solana, designed as a satirical take on traditional financial indices, particularly the S&P 500. Murad Mahmudov, known as @MustStopMurad on 𝕏, is a prominent advocate of SPX6900 and its parody nature. He has publicly expressed his belief that the memecoin could become the biggest globally, significantly boosting SPX6900's visibility and credibility within the crypto community.
WIF
Dogwifhat, represented by the ticker “WIF,” is a memecoin that has gained popularity within the Solana ecosystem and beyond. The memecoin is characterized by its Shiba Inu mascot adorned with a hat—a playful addition to the crypto space as a whole. WIF has experienced multiple price surges, marking a notable achievement by becoming the first major memecoin to cross the $3 price threshold.
PENGU
PENGU is a Solana memecoin from Pudgy Penguins, crypto's first breakthrough consumer brand, with toys available at major retailers such as Walmart and Target. While PENGU is a memecoin, it represents something more profound: Crypto's first-ever Consumer Brand Token (CBT) and Intellectual Property Token (IPT).
FARTCOIN
FARTCOIN, a memecoin launched on Solana, has gained significant attention for its humorous branding. Despite its tongue-in-cheek origins, its rise reflects the increasing appetite for speculative projects in the crypto ecosystem. While its long-term viability remains uncertain, FARTCOIN has already cultivated a dedicated community.
Token discovery and research
Here are some tools to make your memecoin trading on Solana easier and safer.
Phantom
As the most widely-used crypto wallet on Solana, many users turn to Phantom for memecoin trading. When a memecoin or token starts gaining momentum, it gets listed in Phantom’s Explore section under "Trending Tokens". You can take advantage of this alpha—just log into your Phantom wallet and tap the magnifying glass icon in the top right corner. There, you’ll instantly see the top 10 trending tokens that Phantom users are actively trading, helping you stay ahead of the latest memecoin movements.
Birdeye
Birdeye is a platform that offers unique insights such as real-time price updates and historical data analysis for established and newly-launched coins and tokens on Solana and other blockchains. As such, users can leverage Birdeye to monitor market trends to make more informed trading decisions.
RugCheck
Trading Solana memecoins and tokens can be exciting, but the safety of your funds should always be your top priority. The more dynamic the market, the higher the influx of new memecoins and tokens—making it difficult to differentiate between legitimate assets and scams. Before trading memecoins, make sure to grab the token address and submit it to RugCheck. RugCheck will evaluate the memecoin and tell you if its legitimate or not. However, sometimes it’s buggy. If so, check the validated tokens list to see if the memecoin or token is verified and legitimate.
SolanaFM
If you’d like to look under the hood of your favorite Solana memecoins, SolanaFM is the best tool to do so. SolanaFM is a block explorer, similar to Etherscan, which you might be familiar with. Just like Etherscan, SolanaFM keeps track of all the public data on the Solana network and displays the results like a search engine. This data includes transaction data, wallet addresses, smart contracts, and much more. When you paste a token address into SolanaFM, you’ll be able to see the associated transactions, transfers, instructions, and the distribution among the largest holders.
Trading memecoins with Phantom
- Download Phantom and set up a wallet
- Fund your Phantom wallet
- Log in to your Phantom wallet
- Select "Swap" and the token (e.g. SOL or USDT/C) you'd like to use in the swap
- Next, select the drop-down menu in the "You receive" section, and then either paste the CA of the memecoin or type its name into the search bar
- After selecting the memecoin, finalize your swap
How to share memecoins with friends and family
Know someone who might be interested in memecoins? You can share a simple token page with them so they can get involved!
Here's how:
- Open Phantom
- Search and select a memecoin
- Click the “Share” button
- Copy the link
- Send the link through your preferred app, such as iMessage, Telegram, Instagram, or others
When you share this link, it'll send the recipient an official Phantom memecoin token page.
How to bridge tokens to Solana with Phantom?
If you’d like to bridge funds to Solana, use our very own Crosschain Swapper! With our Crosschain Swapper, you can bridge tokens across Solana, Ethereum, Base, and Sui right in your Phantom wallet.
Disclaimer: This guide is strictly for educational purposes only and doesn’t constitute financial or legal advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
