Bitcoin Forum

Over the past few weeks, meme coins have been dominating the market on the Solana chain. Twitter feeds are flooded daily with raids of memecoins, leading many to earn significant profits and even become millionaires simply by investing in meme coins.

You may recall the incident involving SLERF token, where a developer mistakenly burned $10 million in funds sent by presale investors. Fortunately, the situation was resolved, with donations from Bitget and XTCOM. This highlights the resilience of the meme community and the benefits of being on the Solana chain, which not only benefits SOL holders but also contributes to increased adoption.

For those involved in the Solana meme space, you may have noticed the influx of new memecoins on the chain. For instance, MUMU token has been popping up on my Twitter timeline today. Upon further investigation, I discovered they've been listed on major exchanges like Bitget, indicating continued growth and potential value appreciation, despite being tokens with no real use case.

What are your thoughts on this? Do you believe this trend will continue to grow, or is it just overhyped speculation?

While there's the trend, savor it while it lasts. We know that the crypto market is speculative and whichever is currently trending, you should just stay on it until it becomes less trendy. But this seems to be a long bull run for those meme coins and solana is no doubt becoming the winner on this pace. If the majority are still thinking of them being overhyped, I am one of them but can't be denied that this overhype is bringing such profits to those that have risked a lot.

For the most part it will be just mostly overhyped nonsense.  The more mania that goes into memecoins the more that get made.  It's spreading the wealth too thin.  Back when doge surged it was because all memecoin focus was centered around it.  Now there's zillions that people follow.  They can't all go up and most of them are worthless.  I'd be weary buying a significant amount of my money in the memecoin trend.

This is the best advise on the timeline today ahah. Participate but be aware and once the narrative shifts, you follow the trend!..talking about MUMU the narrative seen catchy as the mascot of the bull run & they've got the community support, top whales and cex as OP mentioned. Might be riding the wave on this..

In the future, it seems Solana will be only known for meme coins and nothing more. If the influx of new meme coins keeps on going the way it is going now. I think it is just a phase in crypto and the narrative will change in the next bull runs. Meme coins are nothing but a pump and dump crypto that does not carry any utility and will not stay strong in the market like other cryptos with utility and practical application. Not everyone is becoming a millionaire by investing in meme coins, if there is one billionaire then there will be many behind him who might have got rekt when these coins get dumped.

Our opinions differs and it depend on the kind of investor we are. We have our space and time to invest in these projects and there's different beliefs flying around. These projects are overhyped but it's mandatory to always cope with the current scenario of the market, we could never know what we're doing until we have significance in winning. These memecoins will always put infront the necessary trends that will capture the attention of the top whales, most of them will always be doing everything within their circle.

That's right, while the trend is still active and you see them almost everywhere then take the chances. But once the setting changes as said about the narrative shifts to another one then majority of the memecoins will be ignored by that time as most investors might go to the next trend and that could be the AIs or whatever stuff narrative that the developers are going to make popular by that time then. So, if you're cool riding the trend do it but make sure you're aware of having an exit plans and taking profits.

The Solana network looks like it’ll be the hype and the big game changer this coming bull run just like the BSC network did in the last bull run. For meme coins, they’ll always be what they are and investing in any of this projects should be at your own discrepancies. They are still pump and dump coins even though it does makes people rich within a short period. Enjoy the ride while it still lasts though but don’t get too comfortable and make the place your resting aboard because anything can happen at anytime.

Obviously overhyped speculation. The tokens have no long term use cases and are purely for fun, scam and making quick money for the devs. All I can advise you is make as much money as possible and get out. Don't waste time trying to hold those tokens thinking they will grow 10,000x after 3 years because 99% of the time they will just dump and people will move on to the next one. Do not be the holder of shitcoin bags.

Thanks, rn the memecoin trend is still active and booming, so I'm riding it. I've become glued to Bitget memezone and perfected my entry and exit strategy. Hopefully they keep listing good memes quickly and I keep taking advantage of them. Win win!!.

Yes, they're definitely thriving but it's a gamble though as there's not a lot of them that's made any profit yet, I've invested in the Saga 2 of Solana Mobile and so far, I have made only about half of my money back from airdrops of different meme coins although it's still not a guarantee that you'd make the money because you're going to still need to check it daily so you don't miss out on the peak of each airdrops and you can get the maximum value out of those airdrops and you can get your invested money back from that phone as soon as possible. This is not a reply that reinforce the idea that you should invest in meme coins though, remember to still do your own research because you don't want to end up losing a lot of money because you were trying to be something with meme coins, they're garbage altcoins that have no utility whatsoever, don't get carried away when you're putting money in them, always apply the rule of investing what you can afford to lose.

I agree with you, mate. I was actually making profits with short-term trades. As you know, holding meme coins long-term can be risky, at least in my opinion. So, I've been investing in these Solana meme coins: MUMU, WIF, BONK, and BOME as they're all listed on Bitget's Memezone.
Anyway, I'm amazed by how much courage it takes some people to invest and hold, thinking the price will keep going up. I think it's fair to say meme coins can be a gamble, you're essentially playing with your funds. The exception is when you invest in a project with real-world use cases.

Let's not keep up with this Memecoins with its continual hyping because it's definitely going to die off once once developers and their marketing influencers has succeeded to let their investors make some or fits and them too makes theirs, believe me that it's either the MemeCoins would sieze to trend as a matter of trending outdated or the coin goes dump.
MemeCoins are usually temporary trending.

Like it or not, on-chain gambling won't go away; especially knowing that it runs under a guise making a lot of people think they're "investors" but really they're just gambling.

Yea of course things will die down a bit in the future, but overall, I don't think it's going anywhere.

Solana memes are just the hottest thing this year. Dogifwhat is the third largest meme coin both by marketcap as well the volume.
Just look at BOME, it defied the last price drop a week ago. It did decreased a bit in last 3 days but it's insignificant. The coin is consistently staying in top 25 by volume.
Another developing hot meme coin is MEW, it go listed on exchanges like Gate.io, Kucoin and Coinex, a bit more attention and it would be the next big meme.
No idea which Mumu the OP is talking about but it's both risky and rewarding to try and get into the next big meme early.

The only thing that I love most about solana itself is the fact that it once resisted the flow of bitcoin downward trend. And that has gotten my attention apart from that I don't see anything in the solana chain because it's filled with pump and dump coins or tokens that will gradually destroy the reputation solana is building.

Even if this memecoins are making people very rich it does not change the fact that they are not a utility token that can last long in the crypto space, infact they are real examples of quick profit projects. Investing on them is solely a personal risk, if you loss, you lose nothing else hence it should be considered as a serious investment.

That's what I was saying man, It's trending and Solana is just growing because of memecoins now. I think this narrative will last longer than I think. Also I agree that those meme coins you've mentioned are going crazy over past weeks.. Let's just invest with our successful research on those memes and try to profit and get out... It's not worth the risk if you hold for long term.

I was talking about this one right here: https://coinmarketcap.com/currencies/mumu-ing/#Markets. It's listed on Bitget, mexc and others. So recheck.
You can check the chart since it's still in good price trend, although I don't advise you to invest so please do your own research.

Indeed, nothing's permanent if you mind the hype, you can actually make use of this opportunity to milk those cows for a while. However, you have to be careful; indeed there are many coins which are having a huge rate of increase and having an early entry would give you big advantage and profit but keep in mind of sudden rugpull with these projects. Saw some news recently and that should be an enough warning for investors who plans to ride those tides. Never hold for that long and avoid being too greedy of profit. A x10 of capital would be big already; don't wait for them to pull the coin down and be left with nothing.
You can't pull out your bet in gambling unlike with these projects at least, in an instant. It will just be a gamble on the extent of seeking for a jackpot token that would give you x100, which is a bit rare. Memetokens might not have utility in most instances but as long as there is a demand for it then why not make use of such opportunity right? But of course wisely.

I was involved in some Solana memecoin sales and made around 5x - 10x profits, which was pretty crazy. those who only entered with a little money but early enough even made profits of millions of dollars, but there were also many big investors who lost up to millions of dollars. The incident experienced by the SLERF dev was a sad event and at the same time made SLERF even more famous. come up with a good solution and get help from a large Exchange to make a refund. Solana coining is pretty crazy right now, I don't know when it will end but just enjoy the benefits now.

Meme coins lately has been the money making cow for investors and unsurprisingly there are hundreds of meme coin sprouting out everyday. The risk involved is we can't easily predict what the next big meme coin is going to be. A better way to not miss out on memecoin is to invest on already popular meme coins.
Even on the large cap memecoins, the price movement occurs in cycles that means there are bulls here and there. Sometimes it's on Solana, sometimes on BSC or ETH. Recently there were too much hype around meme on Base platform but I had no idea what they are and how its used.

Meme coins are always thriving in times like that, where almost everything is rising in the shadow of the Bitcoin bull run. This pattern can be observed since the beginning of crypto or, in particular, since the emergence of meme and shitcoins. However, 99% will disappear again in the next bear market at the latest and new ones will enter the stage again in the next bull run.
Play them as long as the music is playing, but get rid of them as soon as the wind changes, otherwise you risk losing everything.

As of now, it's best to consider that their hype is still ongoing and probably will continue after a new trend emerges because Solana nowadays is the talk of almost all of the crypto community because of their successful development and updates along with their token price increase lately. Nowadays, whoever has the popularity is considered to be the best option to invest your money in despite having no real use or contribution to any of the world's problems today. With continued support from their big investors and influencers, Memecoins FT. Solana Chain is the better option right now than any other meme coins available on the internet today.

I agree with OP. Solana is hot right now, especially multiple projects that have airdrops + these meme-coins that really give crazy pumps.

To be honest, I thought Solana was already done a few years ago, but look at it now, the chain is active back again. And if you take a look at the TVL of the Solana network, it is not the Top 4 highest, surpassed the Arbitrum network already.

the narrative of meme coin shifting to base though i don't know how these meme coin trend could be shifting blockchain and all the meme coin degen and fans just know that they should look for new meme coin somewhere else that is base, kinda awesome if you think about it.
moreover when meme coin in base is gaining market cap rise, its just as massive as in solana its as if all the whales that are investing in meme coin are now investing over to base.
I mean even before the meme coin was really a thing in base, when most of meme coin still getting deployed in solana, base are already having some good time with all the NFT minting probably due to the fee that is astonishingly low if compared to other chain, I guess thats why.

Being listed in a major exchange is not really a sign of potential. But it being in the solana ecosystem is. Solana is doing really well these days and everyone can not stop talking about it. Any project it releases has a lot of potential and many supporters right off the bat.


Solana has other coins that have utility so yes I think solana would continue to thrive in the memecoin space. They just need to be careful and try to not mess it up lest they mess up even solana itself.