Why Solana Meme Coins Are Everywhere
If you’re an investor or interested in crypto then, you’ve probably heard names like BONK, WIF, POPCAT, BOME, or dozens of new meme coins on twitter, youtube or other social media. These meme coins are popping up almost every week and most of them are built on Solana blockchain.
Solana meme coins exploded for three main reasons
- Extremely low transaction fees
- Lightning-fast transactions speed
- Easy token creation compared to Ethereum
But most guides focus only on which token or coin you should buy — not how to buy them responsibly.
This article will help you understand
- What Solana meme coins actually are
- How the buying process works step by step
- Where beginners usually lose money
- How to reduce risk
If you’re new, read this slowly. Meme coins reward speed — but punish ignorance.
What Are Solana Meme Coins?
A Solana meme coin is a cryptocurrency token created on the Solana blockchain, usually inspired by
- Internet memes
- Community jokes
- Viral trends
- Social media hype
Unlike utility tokens, most meme coins:
- Do not represent ownership in a project
- Do not generate revenue
- Do not solve a real-world problem
Their value comes mainly from:
- Community attention
- Trading volume
- Speculation
- Timing
That doesn’t mean they can’t make money — but it means you must treat them differently than long-term investments like Bitcoin or Ethereum.
Understand the Risk before Buying
Let’s be clear most of the meme coins based on Solana blockchain will eventually go to zero.
Mostly fail because
- Developers abandon the project
- Liquidity is removed
- Hype dies after early buyers exit
As a beginner:
- Never invest money you can’t afford to lose
- Never borrow money to buy meme coins
- Never assume “cheap price” means more upside
Think of meme coins as high-risk speculative trades, not investments.
Step-by-Step Guide to Buy Solana Meme Coins
Step 1: Get a Solana-Compatible Wallet
To buy Solana meme coins, you need a wallet that supports the Solana network.
Popular Solana Wallets
- Phantom Wallet
- Solflare
- Backpack
For beginners, Phantom Wallet is often the easiest to use.
How to Set It Up
- Install the wallet as a browser extension or mobile app
- Create a new wallet
- Write down your recovery phrase on paper (not screenshots)
- Never share this phrase with anyone
If someone gets your recovery phrase, your funds are gone forever.
Step 2: Buy SOL (The Currency You’ll Use to Trade)
Solana meme coins are bought using SOL, the native token of the Solana blockchain.
Where to Buy SOL
You can buy SOL from Centralized exchanges (CEXs) like Binance, Coinbase, Kraken
Important Beginner Tip
Buy slightly more SOL than you plan to spend because:
- You’ll need SOL for transaction fees
- You may need extra SOL if prices move quickly
After buying SOL, withdraw it to your Solana wallet.
Step 3: Understand Where Solana Meme Coins Are Traded
Most of the Solana meme coins are not available on centralized exchanges. They are usually traded on decentralized exchanges (DEXs) such as
- Raydium
- Orca
- Jupiter (DEX aggregator)
Jupiter is often preferred because it:
- Finds the best price across multiple DEXs
- Reduces slippage for beginners
Step 4: Finding the Right Meme Coin (The Most Important Step)
This is where most people usually lose money.
How you can Discover Meme Coins
- Twitter (X)
- Telegram groups
- Discord servers
- Solana ecosystem trackers
- Token listing websites
Red Flags Beginners Must Avoid
- No official website or social links
- Anonymous team with no community presence
- Liquidity not locked
- Extremely high “promised returns”
- Comments disabled on social media posts
Just because a token is trending does not mean it’s safe.
Step 5: Verify the Token Address
Fake tokens are everywhere.
Always
- Copy the official contract address from a trusted source
- Double-check it on a Solana explorer
- Paste it manually into the DEX
Buying the wrong contract means
- You may receive a fake token
- You may not be able to sell it later
For buyers, this single step matters more than timing.
Step 6: Swap SOL for the Meme Coin
Once everything is verified and you have selected the coin to purchase
- Open your chosen DEX (e.g., Jupiter)
- Connect your Solana wallet
- Select SOL as the input token
- Paste the meme coin contract address
- Enter the amount of SOL you want to swap
- Review:
- Price impact
- Slippage
- Network fees
- Confirm the transaction
On Solana, transactions usually complete in seconds.
Step 7: Store and Track Your Meme Coin Safely
After the swap
- The token will appear in your wallet
- If not, you may need to “add custom token”
Tracking Tips
- Use portfolio trackers
- Avoid refreshing charts every minute
- Decide exit rules before emotions take over
Beginners often lose money not because they bought wrong — but because they panic or get greedy.
Step 8: How to Sell
Buying is easy. Selling is harder.
Before you buy, decide
- At what price you’ll take partial profits
- At what price you’ll exit completely
- How much you’re willing to lose
Common Mistakes to Avoid
- Investing life savings into meme coins
- Trusting influencer screenshots blindly
- Ignoring liquidity conditions
- Buying after massive pumps
- Assuming Solana speed = safety
Speed makes trading easy — it also makes mistakes instant.
Are Buying Solana Meme Coins Worthy?
Solana meme coins can be
- Educational
- Profitable
- Brutal
If you’re a beginner
- Treat meme coins as tuition fees, not guaranteed income
- Start small
- Focus on learning market behavior
- Never confuse luck with skill
The goal isn’t to catch every moonshot — the goal is to stay in the game long enough to learn.
