The memecoin wave that swept through Solana in 2024 accelerated the network's growth to unprecedented levels. As a result, Solana's volume and market share have grown rapidly, even surpassing Ethereum at various points.

According to CoinGecko, almost half of the top 20 memecoins are on Solana. Memecoins like PEPE, WIF, and MEW have generated significant excitement within their communities, leading to impressive increases in value.

Below are the memecoins currently growing on Solana and the ones with the most promise.

Cobra

World champion kickboxer Andrew “Cobra” Tate rose to fame for his motivational speeches which inspired the creation of a memecoin named after his nickname: After launch, COBRA grew 1,600% in 24 hours, thanks to Tate's social media influence and community power.

Elon

During the 2021 bull cycle, many memecoins emerged to "honor" billionaires, helping many people make money. This trend has come to Solana with ELON, the first memecoin on the network exclusively for Tesla and 6. Within 24 hours of its launch, ELON surpassed $1 million in market value and became the most traded memecoin of the day.

Slerf

SLERF is a comeback story among memecoins. Launched on Solana in March, SLERF raised $10 million in a successful presale but faced disaster when the developer accidentally burned through all the money. However, the project has recovered, compensating investors and achieving a gain of 1,800% in the past two months.

Base Dawgz

Base Dawgz and its token (DAWGZ) have sports connections—this time to base jumping. Currently in the pre-sale phase, DAWGZ has raised $763,000, showing the potential for large profits in the future.

Sealand

Animal themes are also attracting Solana's attention, with Sealana (SEAL) leading the pack. Since the presale began, SEAL has raised more than $4 million.