Solana memecoins have soared in 2024, outperforming Ethereum with an 800% increase. Despite market volatility and scam risks, Michi and Billy lead the surge.
Key Insights:
Solana memecoins have surged 800% year-to-date in 2024, far outpacing Ethereum memecoins.
Memecoins have become the most popular asset class, making up 22% of the market.
Dogwifhat and Billy ($BILLY) are top performers, with Billy recently hitting a $100 million market cap.
Celebrity endorsements and scams pose significant challenges amid the high gains of Solana memecoins.
Currently, the hottest Solana memecoins are Michi and Billy.