Solana’s meme coins have emerged as the breakout stars of the 2024 crypto bull run, transforming many retail investors into millionaires by riding the wave of Solana’s success.
Take, for example, a crypto trader who invested $35,000 in 178 $SOL tokens into the $MEW token, also known as Cat In A Dogs World. Within just 2 hours, the value of their MEW portfolio soared to an astounding $8.9 million. And after a mere 5 days, their position in the new Solana meme coin skyrocketed to an incredible $44 million.
The key to such astronomical growth remains consistent: investing early in a promising meme coin. This particular trader jumped on board with MEW right as the token hit the market.
But why do Solana meme coins continue to mint millionaires? They’ve notably outperformed their Ethereum counterparts during this bull run. Coins like Bonk, Dogwifhat, Myro, Slerf, and Smog have all exceeded expectations.
A major factor behind their dominance lies in Solana’s blockchain, which boasts higher network capacity compared to Ethereum. This translates to lower trading fees for Solana meme coins, making them more accessible to smaller-scale traders.
Additionally, the bullish prospects of SOL itself play a role. Meme coins often act as bets on their respective blockchains, and with Solana emerging as one of the most bullish large-cap cryptos, its meme coins are primed to offer significant returns and create new millionaires.
As for which meme coin could explode next, traders should keep an eye out for recently launched tokens on platforms like DEXTools or DEXScreener. Alternatively, they could explore crypto presales.
For instance, Slothana ($SLOTH), a new Solana meme coin, recently raised over $10 million in its presale, drawing comparisons to the successful Slerf. Crypto influencers project massive returns for Slothana, riding the trend of sloth-inspired meme coins.
Interested buyers can participate in the presale by sending $SOL tokens to the project wallet or using the over-the-counter widget to swap $SOL for $SLOTH. However, the presale is wrapping up, with a DEX and CEX launch on the horizon, potentially driving up token prices.
Meanwhile, Smog has also caught the attention of crypto YouTubers as a potential 10x investment. Despite a significant surge and subsequent pullback, experts anticipate further growth, especially with its listing on exchanges like MEXC and ongoing airdrop campaigns.
In summary, Solana meme coins continue to offer exciting opportunities for investors to capitalize on the crypto bull run, with early adoption being key to maximizing returns.
