Solana memecoin season remains red-hot—did you cash in on this quick money wave?
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Solana memecoin season remains red-hot—did you cash in on this quick money wave?
The hype around Solana memecoins doesn't seem to be over yet.
Navigating Web3 tides with focused insightsBy Lv Dong Xiao Gong, BlockBeats
This week, the Solana ecosystem continues to embrace the meme coin season.
A series of meme-based memecoins on Solana have taken off. Some explosive growth has not only sparked heated market discussions but also significantly contributed to the sustained popularity of the Solana ecosystem.
Among all public chain inscriptions, Sols has consistently performed exceptionally well. Last week, Bitget announced it would list the inscription token Sols from the Solana chain, opening trading channels on December 15. Subsequently, market data from Magic Eden showed that the floor price of Sols surpassed 100 SOL, hitting a new historical high—leaving many regretting they had "kicked themselves too hard."
Against this backdrop, one trader made a massive profit of $1.47 million in just five days by investing in WIF, a meme token on the Solana chain. Meanwhile, Solana DEX trading volume exceeded $5 billion, setting another record and even surpassing Ethereum within a 24-hour period.
Although most memecoin liquidity resides on Solana DEXs like Jupiter and Raydium, the majority of “memecoin traders” conduct their buy/sell activities through information aggregation frontends such as Birdeye and Meteora.
SILLY
Amid this wave of prosperity, several particular tokens have drawn special attention.
First is SILLY, a “meme phenomenon” ignited when Toly, co-founder of Solana Labs, wore a “dragon costume” at the Breakpoint conference. The launch of SILLY, combined with the upcoming Year of the Dragon next year, quickly made it a market focal point.
Beyond offline buzz, on December 26, Toly posted on social media: "Urgently need silly dragon memes."
ZERO
According to BlockBeats, the ZERO token briefly surged past $1.7 on December 15 before slightly retreating, yet still achieving an astonishing 24-hour gain of 1,952%. This strong market performance has placed ZERO squarely in the spotlight for investors and market watchers alike.
ZERO is a Solana-based token combining inscriptions, memes, and gambling concepts. With a total supply of 21 million tokens, 10.5 million will be minted at 0.08 SOL each, with all proceeds going directly into an AMM pool. This unique structure has sparked intense discussion within the crypto community, despite the project still being in its very early stages.
The ZERO token was created by @Pland__, an early Ordinals OG and Solana developer. Pland pointed out that Sols isn't pure inscription but essentially functions as an NFT, noting implicit fees during NFT inscription verification. As a response, he launched the Meta Protocol using inscription technology and introduced ZERO’s Fairmint—a purely inscription-based model—on Solana.
The Fairmint mechanism is quite unique: it lasts for 10,500 Solana blocks (each block approximately 300 milliseconds), totaling about 90 minutes, with 10,500 inscriptions issued. A number is extracted from each block's hash; if even, the first transaction closest to the hash value from top to bottom wins; if odd, the reverse applies. Each transaction incurs a fee of 0.08 SOL, which is entirely added to the ZERO pool.
This innovative issuance method has granted ZERO a distinctive status within the Solana ecosystem. With a winning probability of around 8%, the market cap upon joining the pool reached $1.3 million. In the Solana ecosystem, many new projects are snapped up instantly, and the Meta Protocol’s use of Ordinals technology and principles to achieve Fairmint innovation may be one reason behind ZERO’s popularity.
BONK
Since October, the BONK token has surged over 19,103%,
Within the Solana ecosystem, the emergence of BONK as the first meme coin attracted widespread market attention and achieved significant market capitalization growth in a short time. Its story and influence represent a fascinating exploration within the broader cryptocurrency space.
BONK was the first meme coin on Solana, initially conceived by the Bonk team on December 9, 2022. The project’s launch coincided closely with Christmas, allowing the Bonk team to leverage the timing for a large-scale airdrop across the Solana ecosystem. The introduction of BONK aimed to challenge so-called “Alameda-style” tokenomics—a model characterized by low circulating supply and high FDV (fully diluted valuation)—which makes price manipulation easier, disrupts markets, and leads to significant losses for most investors.
Following the FTX collapse, the Solana ecosystem suffered heavily, with SOL’s price plummeting and liquidity tightening. Against this backdrop, the Bonk team launched the BONK token to restore confidence in both the Solana ecosystem and SOL holders. To achieve this, the team decided to allocate 50% of the BONK tokens via airdrop to NFT holders and developers within the Solana ecosystem, aiming to revitalize community engagement and support for Solana.
Recently, BONK’s market performance has been remarkable. According to Bitget market data, BONK briefly exceeded $0.000028 on December 15, recording a 24-hour increase of 92%. This momentum has not only pushed BONK to new all-time highs but also secured it a place on the cryptocurrency market cap leaderboard.
Notably, the BONK airdrop gift received by Solana developers last Christmas is now worth over $500,000. As PAULY, founder of @NotLarvaLabs, pointed out: "There are 41 wallets on-chain holding more than $10 million worth of $BONK." This has triggered serious FOMO among many.
Saga Phone Becomes Airdrop Vehicle
Additionally, the rise of the BONK token is tied to Solana’s release of the Saga Web3 phone. Each phone comes with a bonus of 30 million BONK tokens. Due to BONK’s recent surge, the current value of these gifted tokens is approximately $640—exceeding the phone’s own sale price. This unique marketing strategy has not only boosted Saga phone sales but further accelerated the adoption of the BONK token.
Initially launched on May 8, 2022, at a price of $1,000, the Saga phone was positioned as Solana’s flagship Android device. It features 512 GB of storage, dual rear cameras, a 6.67-inch OLED display, and fingerprint unlocking. More importantly, it includes a dedicated dApp Store for crypto applications and a secure element to store users’ private keys, isolating sensitive data from the rest of the phone.
However, due to market response and other factors, the Saga’s price dropped from $1,000 to $599 in August 2022. Despite the price cut, its deep integration with the Solana ecosystem remains a key selling point, including support for self-custody solutions like Seed Vault and access to decentralized applications.
Thanks to BONK’s appreciation, the Saga phone has achieved notable success in the U.S. market, with official reports confirming it has completely sold out. Kyle Samani, co-founder of Multicoin Capital, stated on social media that he expects substantial airdrop campaigns for Solana Web3 phone Saga owners over the next 12 months.
As a result, according to information obtained by BlockBeats, Saga currently commands a premium of 500% in the secondary market, with resale prices reaching as high as $3,000. This extraordinary phenomenon has greatly enhanced the market value and appeal of the Saga phone.
For now, the hype around Solana memecoins shows no signs of cooling down. According to Gem Insights, within the past 24 hours, among the top 10 trending tokens associated with @solana, tokens like WIF and BCOQ remain relatively hot.
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