Solana (SOL) has recently surged in price, maintaining its momentum amid increased activity in its ecosystem. With the launch of Backpack Exchange—a new trading platform by former FTX team members—and a growing number of airdrop initiatives, Solana's meme coin sector has captured significant liquidity and attention.
The Meme Coin That Revitalized Solana
Backpack Exchange announced the listing of Pyth Network (PYTH) alongside a staking airdrop campaign. Users staking 5 SOL for at least 24 hours—especially Mad Lad holders and active traders—will receive PYTH tokens based on trading volume. This has further amplified Solana's ecosystem buzz.
Earlier, on November 16, Jupiter Exchange, a Solana-based trading aggregator, revealed details of its JUP community airdrop. Of the 10 billion JUP tokens allocated in the first round, 955,000 wallets that interacted with Jupiter before November 2 qualified. Additional airdrops targeting new users are planned, boosting engagement.
These developments have injected fresh liquidity and interest into Solana's meme coin projects. For instance, BONK—Solana's first meme coin—soared 54.1% in 24 hours, hitting an all-time high of $0.00000473. Community speculation abounds: "What happens to Bonk when liquidity shifts from Pyth?"
BONK's Origin Story
Launched in December 2022, BONK aimed to counter Alameda-style tokenomics by distributing 50% of its supply to Solana NFT holders and developers. This move helped restore confidence during SOL's post-FTX collapse slump, reigniting ecosystem activity. As BONK approaches its first anniversary, comparisons to SHIB and rumors of major exchange listings abound.
Solana's Meme Coin Frenzy: Other Tokens to Watch
Beyond BONK, several meme coins are gaining traction:
1. MYRO
- Concept: Inspired by Solana co-founder Raj Gokal’s dog.
- Positioning: Dubbed "Solana’s SHIB" if BONK is its DOGE.
- Recent Performance: +92.8% in 24 hours ($0.0185).
- Social Impact: Donated $5K to Dogs for Better Lives.
2. RBT (RIBBIT)
- Theme: "ETH has PEPE, SOL has RIBBIT."
- Supply: 420 billion tokens.
- Growth: +372.8% in 24 hours ($0.00000824).
3. TOLY
- Backstory: Launched by Solana Labs’ Anatoly Yakovenko.
- Community: Engages with MYRO holders; positions itself as a "Solana dog walker."
- Allocation: Initial airdrops to 24 Solana projects; zero team minting rights.
- Peak Price: $0.001217 (+402.9% in 24h).
4. CATO
- Airdrop: 500K CATO distributed post-November 21 for social tasks (follow, retweet, join TG).
- Current Price: $0.00177 (+12.7%).
5. PIKO
- Launch Plans: 30% for staking, 25% liquidity, 20% airdrops.
- Roadmap: Trading imminent on Jupiter/Raydium; whitelist submissions at 59% capacity.
FAQs
Q: Why are Solana meme coins surging now?
A: Backpack Exchange’s PYTH airdrop and Jupiter’s JUP distribution have heightened ecosystem activity, funneling liquidity into meme coins.
Q: Is BONK a good investment compared to other Solana meme tokens?
A: While BONK has historical significance, newer tokens like MYRO and TOLY offer high-risk/high-reward opportunities. Always DYOR.
Q: How can I participate in meme coin airdrops?
A: Monitor project Twitter/Telegram for tasks (e.g., staking SOL, social engagement). Example: 👉 PIKO’s whitelist form.
👉 Pro Tip: For real-time tracking, use tools like DexScreener to monitor Solana meme coin volatility.
Disclaimer: Meme coins are highly speculative. Invest cautiously.