For the first time, six memecoins on the Solana blockchain have surpassed a market capitalization of $1 billion. The memecoins achieving this milestone are WIF, MEW, GOAT, PNUT, BONK, and POPCAT. Notably, the memecoin MEW recently reached a new all-time high, contributing to this significant development in the Solana ecosystem. The emergence of these high-value memecoins has sparked discussions about a potential memecoin supercycle, indicating a growing interest in this segment of the cryptocurrency market.