The effect of Bitcoin is clearly visible in the crypto market as the Solana memecoin trend is back. Most Solana-based memecoins earned massive returns as they headed to the moon. Over the last 7 days, the number of memecoins on the Solana blockchain jumped by over 1000%, including RIZO, HAT, ai16z, VVAIFU, FRED and many more.
Top 5 Solana-Based Memecoins That Surged 1,000%
Among all, HahaYes (RIZO), a sheep-themed SOL memecoin, secured the top spot on the leaderboard with a 4984% surge in a week with over $34 million locked in the market cap.
In second position, Dasha (VVAIFU) is stealing the race by jumping around 4444% with an impressive market cap of $99.38 million, taking its value from $0.002 to $0.096 in a week.
Another memecoin that surged 10 times in a week is Top Hat (HAT), which soared around 1,788% in a week to $0.026, securing the third position in the SOL memecoin rankings.
Ranked fourth, First Convicted RACCON (FRED) soared 1,181.1% in a week, pushing its price up from $0.014 to $0.15. However, FRED price has fallen from its all-time high of $0.24 recorded on November 14, 2024.
Ranked fifth, ai16z performed exceptionally well, surging 1,089% in a week and reaching its new all-time high of $0.44. At the time of writing, ai16z has a market capitalization of $445.54 million.
While most Solana memecoins are heading to the moon, it is far from unknown that the growth of memecoins primarily supports speculation and hype. Once this hype fades, there is a good chance that the same memecoins will fall sharply.