Solana meme tokens have reached another milestone, with their market cap rising to a new all-time high. Meme tokens are also driving fee activity on Solana, including the mainnet, DEX, staking services, and Jito validator.
Solana-based tokens have surged to a new all-time high above $12 billion in total market cap. Memes have been driving Solana’s traffic in the past month, setting new records for activity. Having also surged in value on DEXs and centralized marketplaces, Solana memes also make up around 20% of the total meme market cap.
Solana memes break new record as its total market cap surges past $12 billion. | Source: CoinGeek
Overall, meme assets have once again surpassed $60 billion, driven by Dogecoin’s renewed rally. However, Solana memes also enjoy the most active new creation and launch schedule, providing a steady mix of potential rising stars, but also risky rug pulls. Solana’s relatively low fees and intuitive usage have cemented the chain’s position ahead of other networks for token creation.
Solana’s activity has also elevated Jito as one of the top 3 fee producers. Relatively accessible memes still require priority fees and bribes to be successfully traded on Raydium. As a result of Solana’s meme activity, Jito generated $3.94 million in daily fees, down slightly from its recent record of $4.16 million in daily fees.
The success of memes also leads to a rise in the SOL market price. After the recent record high in meme value, SOL also expanded to $179.80, which is faster than the overall market recovery.
Solana's Premium Memes Still Attract Buyers
Solana’s meme list also reflects the top social media winners. At the top, DogWifHat (WIF) shows the potential of truly insured projects. WIF makes up over $2.2 billion of Solana’s meme token market cap.
POPCAT is a close competitor, having surged to a market cap of $1.6 billion. Most of Solana’s tokens have gained popularity in the past year, and are now competing with each other for attention.
The big exception on Solana is GOAT, the AI-inspired token. With a market cap of $690 million, GOAT is now in the top 5 Solana meme tokens. The new asset has even surpassed previous leaders like SLERF and BOME.
The list of most prominent memes includes communities like MICHI, MOODENG, and Retardio. The top picks for Solana assets are heavily influenced by Murat Mahmudov’s list, including the Gigachad (GIGA) token.
Solana memes contain almost no representation of PolitiFi tokens, instead relying on communities, nonsensical narratives, internet popularity, or shock value.
Solana Memes Gain Boost From GIGA Listing on Kraken
The Solana chain may receive thousands of new tokens, but few of them graduate to centralized exchanges. GIGA is one of those tokens, and it has already moved into the top ten.
Recent interest in Solana’s meme ecosystem has led GIGA to list Kraken, despite geographic restrictions. GIGA is trading near its all-time high of $0.05, but has yet to make a more significant breakout.
As more tokens are listed on centralized exchanges, they begin to trade like more established altcoins. Instead of experiencing unexpected price spikes and vertical rises, assets rely on more strategic trading moves.
Solana’s direction is missing the SPX6900 community, which is still represented on Ethereum. Only a portion of the SPX token supply is capped on Solana, but at the moment it cannot compete with older, more liquid assets.
Old memes regain interest
dent choose the most successful memes based on mindshare and social media activity. There is no hard and fast rule that only the hot new memes will make money.
Last week, Dogecoin (DOGE)’s surge also reawakened old memes. Mindshare for more established tokens is on the rise, signaling a shift to those tokens.
Some older memes have Solana versions, which may also get a periodic boost. In the past few days, Solana has also been a trac for new memes. Even within a day, a Solana meme can break into the top 20 memes, as is the case with LUCE, the Vatican’s mascot for 2025. Only a few hours passed between the appearance of LUCE and the launch of the meme token.