Solana Meme Coins Explode 46% as Bitcoin Fuels Rally

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Solana’s meme coin ecosystem is experiencing a powerful resurgence, with average daily trading volumes surging 46% in May 2025, signaling renewed investor appetite and echoing Bitcoin’s broader market rebound. As capital flows back into risk-on assets, Solana’s vibrant meme culture is proving to be more than just internet hype, it’s turning into serious market momentum.

Solana Meme Coins Lead May’s Crypto Resurgence

According to on-chain data reported by CryptoSlate, Solana-based meme coins saw a 46% rise in average daily trading volume during the first three weeks of May. This spike is closely tracking Bitcoin’s recovery above the $100,000 mark and highlights a rising risk tolerance among retail traders.

While Bitcoin remains the institutional darling, meme coins like WIF (dogwifhat), BONK, and FARTCOIN have led Solana’s charge, often outperforming traditional altcoins in daily gains. Solana’s low fees and lightning-fast transaction speeds make it the perfect launchpad for retail-fueled meme mania.

“Solana is now the de facto chain for meme culture,” said crypto trader and analyst @ChartZilla on X. “It’s fast, cheap, and has a community that lives online 24/7.”

Bitcoin’s Boom Sets the Stage

Bitcoin’s rally past $110,000 has clearly had a ripple effect across the broader crypto market. As institutional ETFs continue to absorb BTC and macro conditions favor digital assets, meme coins are again seeing FOMO-fueled rallies reminiscent of early 2021.

This resurgence isn’t isolated to Solana; Ethereum-based meme coins like PEPE and SHIBA INU have also posted double-digit gains in May, but Solana’s network has shown the strongest relative growth, fueled by lower costs and rapid settlement.

BONK, WIF, and FARTCOIN Dominate the Meme Coin Leaderboard

The top-performing Solana meme tokens so far this month are:

BONK – Up 32% month-to-date, BONK remains Solana’s flagship meme asset with a growing DeFi footprint.
WIF (dogwifhat) – Surged 48% this month, buoyed by celebrity endorsements and viral memes.
FARTCOIN – Gaining traction after crossing $200 million in market cap, FARTCOIN has become a comedic favorite with surprisingly strong liquidity.

On-chain data from SolanaFM shows that BONK alone saw over $900 million in trading volume during a 7-day stretch in May, while WIF averaged $55 million per day, a new record for the token.

Community-Driven, But With Real Liquidity

What’s striking about this meme coin boom is the depth of liquidity and daily activity. Unlike early meme coins that thrived purely on virality, today’s tokens are seeing centralized exchange listings, deep liquidity pools, and even NFT integrations.

FARTCOIN WIF BONK PEPE

Solana-based DEXs like Jupiter and Orca are handling significant portions of this volume, offering low-slippage swaps and rewards for liquidity providers. Meanwhile, major exchanges like Binance and Kraken have listed several Solana meme coins, giving them legitimacy and access to broader markets.

Price Momentum and Technical Signals

Traders are closely watching the meme coin sector as technical indicators flash bullish. BONK has broken out above its 50-day moving average, while WIF is nearing overbought levels on the RSI — often a prelude to short-term consolidation or continued rally if retail momentum persists.

“WIF is forming a bullish cup-and-handle on the daily,” noted CryptoQuant analyst LunaX. “A clean break above $0.00067 could send it flying.”

Conclusion

The 46% spike in Solana meme coin trading volume reflects a broader shift in crypto market sentiment. As Bitcoin reclaims ground above $100K, traders are increasingly turning to Solana for high-risk, high-reward opportunities, and meme coins are leading that charge.

With momentum building and communities rallying, Solana’s meme ecosystem might just be the bellwether for the next retail-driven leg of the bull market.