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The popularity of meme coins on Solana blockchain is on the rise, with thousands of new coins being created daily. These memecoins are experiencing significant trading volumes and are making millionaires. Bots are buying these coins for around 10 $SOL, leading to a cycle of deployment, rug pulls, and repetition.
solana meme coins are making millionaires
The funniest part is whenever you pull up Dexscreener like 90% of the trending coins are all on Solana, all on average doing like $10M of volume and about 80% of them are memecoins.
In the last 1 hour, 2,500 Solana memecoins were created.