This probably won’t happen for a while, and probably will pump more before it crashes (because greed).
But these Solana meme coin could be a ticking time bomb for 2025.
-How hard is it to make a meme coin on Solana?
Far easier than I think most people realize. Anyone can make their Solana meme coin in about 10-20 minutes.
There are dapps for token creator that makes it easy, so you don’t need to have that much technical skills or know much about smart contracts. And there’s sites to put them up for trading.
-How much does it cost to make a meme coin on Solana?
It might be less than you’ve just spent on your current bag of Dogshitpoop coins.
It can cost from $100 to $1,000 to create the token. The main cost is gonna be marketing.
You don’t need much of a cult following to make that money back.
-How many meme coins have been made?
It’s hard to keep track, there’s such an insane amount of them.
On PumpFun alone, which is one of the easiest place to make a Solana meme coin, they’ve created new ones at an average of nearly 10,000 a day, sometimes topping at over 20,000 new meme coins a day, since last March.
-What’s the market cap of these meme coins?
Just the top 5 Solana meme coins have a combined market cap of $11Billion.
The top one sits at $3B right now, right below ICP and HBAR, and above Polygon and Arbitrum.
-What is the purpose of these coins?
A few of them are legitimately for fun and for their communities, but most have only one aim: making money.
Especially the ones making claims that they’re special and combining AI, NFT art (and other buzzwords) for a meme coin revolution.
Put yourself in the shoes of a meme coin creator. The goal is to create a cult following, exploit the crypto frenzy and bullrun. Milk that as much as your greed and tolerance can handle, until you start using your cult followers as exit liquidity, and pull your major stack, hopefully before the bull cycle ends, because we’re probably not gonna see most of these meme coins again.
-What would a Solapocalypse look like?
It could be very mild, and have projects pump and dump at very different times, not affecting the market much, averting any real “Solapocalypse”.
In an even better scenario, the majority of the big projects could have diamond hands, and we’ll never have a Solapocalypse, and meme coins will simply crash when the crypto market enters its bear cycle.
Or it could turn into a panic sale, with creators rugging right after another, as they are all worried everyone is pulling out at the same time and the Solana meme coin market might be collapsing.
It might not necessarily make the crypto market crash nor end the bullmarket, but it might cause at least a brief panic and dip in the market. We’ve seen this many times when we have a nasty event in the middle of a bullrun, with a 30%-40% correction, then the market bounces right back and has new highs.
I could see that latter scenario happening in 2025, as it would seem just so typical of crypto.
-Will Solana survive if there is a major “Solapocalypse”?
Yes, it will be fine.
I really can’t see a scenario where Solana would be killed off, just because of a collapse of the stupid meme coins people created on the chain.
It might have a temporary dip, and struggle briefly, but likely will bounce back.
NOTE: This is not financial advice