What are Solana Meme coins?

Well to keep it simple, nothing! They are tokens that essentially hold no real world utility which their value is primarily driven by community sentiment and speculation. So why are they so popular? The answer is simple but hard to comprehend if you don't have much research or backend experience in cryptocurrencies as a whole. Let me try to break this down...

As of October 2024, records show that there were 5.52 billion people in the world with internet access in an estimated global population of 8.2 billion people. Out of those 5.52 billion people with internet access, only an estimated 560 million of them own cryptocurrency. This essentially means that the crypto market has only tapped into a fraction of it's potential holders. 

With many new users onboarding crypto in 2024 and 2025, the disadvantage or lack of insight these users might have in comparison to users who have been deeply invested, curious and optimistic in the crypto space in the 2013-2019 era is one reason meme coins exist. It is mainly hype, influence and the movement of large amounts of money that catch the interest of holders. Without any real world utility, these coins are useless - which should be common sense!

Consider meme coins a PvP battleground for very rich traders and holders, while the smaller holders with limited access to funds are the ants in the grass, hoping to catch some falling bread. When the battle of the rich ends, the bread stops falling.

What is Happening on the Backend with Solana Meme Coins?

Well the average person can only speculate on the true narrative behind certain Solana meme coins, which is an elusive way to reel in money for the developers and key opinion leaders (KOL's). Think about it - Would you physically go to a job location and spend hours working away for someone else or would you click a few buttons and earn more money in one day than it would take 10 years at that job? Well if you said you would rather work the job because you feel more invested in your community or feel more secure financially or it sounds like a scam, then you wouldn't be wrong. BUT there will be someone else out there that would much rather click the buttons and secure generational amounts of wealth and they won't stop learning all the tricks of the trade. The determination of some people is ruthless and unforgiving. They will do whatever it takes. 

What is the current outlook on Solana Meme coins?

Just like every other blockchain, Solana will have waves of ups and downs. This is money being washed directly into large investors. Think of Solana as a fire, the more money you add to it, the hotter it gets. Eventually it reaches its maximum temperature and you decide to pour some gasoline on the fire to end the night with a bang before the fire goes out. Meme coins are a cycle of money propulsion when other tokens are at their highs and too risky for large investors. They need to move the money and let it cool off. It's all about MONEY!

With many new potential users, there can be an expectation of many money washing waves such as that from meme coins and the future of the tokens will essentially continue to repeat this cycle and the maximum price of meme coins can only be a speculation.

Looking to purchase Solana (SOL) or meme coins? Join Kucoin or Coinbase and make your first deposit to get rewarded!