A new category of meme coin has made headlines in recent months – those built on the Solana blockchain.
This blockchain has proved to be a favorable environment for low-cap meme coins to thrive, with the likes of Bonk (BONK) and dogwifhat (WIF) both posting exponential gains in the final weeks of 2023.
This article highlights three top contenders that could be the next Solana-based token to explode, along with one under-the-radar meme coin on Polygon that could also be primed for an eventful year.
1. Loaf Cat (LOAF)
Kicking off our list of top Solana meme coins that could explode next is Loaf Cat (LOAF).
This feline-themed token captures the lighthearted spirit that fueled previous meme coin rallies from BONK and WIF.
Launched in late 2023, LOAF brings some hilarious pixel art and lofty ambitions to the Solana ecosystem.
While still a micro-cap token with a market capitalization of less than $3 million, LOAF has quickly built an energetic community on Twitter.
Key plans ahead include CEX listings, marketing campaigns, and community airdrops to establish LOAF as one of the leading meme coins on Solana.
So, with a low price of just $0.000026, LOAF could have enormous room to run if it picks up viral traction.
2. Ponke (PONKE)
Next on our list of potential Solana meme coin breakouts is Ponke (PONKE).
Billing itself as a “degenerate gambler with anger issues,” this eccentric token brings a comedic edge to the network.
Launched on December 24, PONK has quickly built a following thanks to its immediate price surge that saw it more than double in less than two trading days.
While it has a larger market cap than LOAF, sitting at $17.1 million, PONKE is still small relative to the big hitters on Solana.
Additionally, the token is already listed on major CEXs like Bitget and Bitmart, granting easy access to new investors.
If PONKE can halt the current profit-taking and resume its previous uptrend, it could be another Solana-based coin poised for major growth.
3. Samoyedcoin (SAMO)
Rounding out our top three is none other than the OG Solana meme coin itself – Samoyedcoin (SAMO).
Launched in April 2021, SAMO has the first-mover advantage in the space, cementing itself as “Solana’s cutest ambassador” over the past two years.
While more of a legacy project than the previously mentioned meme coins, SAMO still has enormous mainstream appeal and a mission to accelerate the adoption of the Solana ecosystem.
With major exchange listings, a popular NFT collection, and integration with numerous leading DeFi protocols, Samoyedcoin checks all the boxes of a top coin primed for another wave of growth.
As one of the most liquid Solana meme coins, boasting over $1.3 million in daily trading volume, SAMO could break out again if retail investor demand picks up.
Sponge V2 Also Primed for Breakout as Team Fast-Tracks Polygon Migration
Transitioning from the world of Solana meme coins, there’s one final token that could be primed for a major breakout in 2024 – Sponge V2 (SPONGEV2) on Polygon.
This new and improved version of the popular SpongeBob-themed meme coin Sponge (SPONGE) introduces a suite of features to strengthen community engagement.
Sponge V2’s most compelling feature is an upcoming play-to-earn (P2E) racing game that allows users to earn tokens through competitive gameplay.
Beyond gaming, SPONGEV2 employs an innovative “Stake-to-Bridge” mechanism that rewards legacy SPONGE holders with the new V2 token.
At the time of writing, the reward rate is set at 234% per year – and over $3.6 million worth of SPONGE has been staked already.
The development team has elected to fast-track the migration from Ethereum to the Polygon blockchain, meaning SPONGE holders who store their tokens on exchanges must withdraw and stake them before February 5.
Ultimately, this transition will help Sponge V2’s team realize their vision for a low-cost and fully decentralized P2E game – positioning SPONGEV2 as another low-cap meme coin that could explode next.