Solana News Today: Meme Coins Surge 31% in July, Outpacing Shitcoins on Solana Platform

In July, meme coins outperformed shitcoins, thanks to platforms based on Solana that enabled mass token creation and viral trading behavior.

Celebrity and political-backed meme coins have garnered attention but also brought significant risks, including pump-and-dump schemes, sell-off plans, and legal scrutiny.

Infrastructure continues to evolve, with new tools and chains embracing meme coins, highlighting the potential for innovation and the necessity of responsible platform design.

Web3 is witnessing a surge in the creation and trading of meme coins. But is this a sustainable adoption phase, or another speculative cycle driven by risk and hype?

Signs point to a meme coin resurgence:

Three indicators suggest meme coins are making a comeback:

Price performance surpassing shitcoins: Recent reports indicate that meme coin prices rose approximately 31% in July, outperforming assets based on Ethereum and other shitcoins.

Solana platform issuance hits record high: On July 16 alone, 19,900 new meme tokens were issued through Letsbonk.fun. Weekly active addresses surged by about 60%, boosting participation in the Solana ecosystem.

A super wallet move sparks FOMO: An investor named Murad accumulated meme coins worth $56.9 million (primarily a token called SPX), drawing widespread attention.

This isn't the first wave on Solana. A recent article noted that this resurgence mirrors previous cycles—meme coins drive rapid adoption, typically on platforms built to accelerate token creation and mass trading.

Beyond the joke: the power and danger of meme coins:

In crypto culture, meme coins have long held a unique dual identity.

On one hand, they lower the barrier to entry for newcomers by blending humor, community, and Web3 onboarding features. On the other, they often lack utility and are prone to manipulation.

Celebrity and political involvement add fuel to the fire.

From $TRUMP coin backed by Donald Trump to $HAWK, supported by internet personalities, meme coins are increasingly linked to mainstream figures. Some meme coins rise quickly but collapse within days, raising concerns and triggering regulatory alarms.

The current cycle seems driven not just by meme value, but also by convenience. Automated token factories make issuing coins easier than ever, but also facilitate scams. Several "rug pulls" and fake village-themed tokens have made headlines.

The role of infrastructure and platform dynamics:

This meme coin revival isn't happening in a vacuum.

Existing infrastructure can support rapid growth. Solana's scalability and low fees make it an ideal choice for quick experimentation. Platforms like Base, TON, and Ethereum L2 are following suit, favoring meme coins to boost user acquisition.

Additionally, tools promoting due diligence are emerging. Platforms like CoinCLIP aim to help users evaluate new tokens based on creator history and on-chain behavior, indicating a slow but necessary evolution in the meme coin space, from chaos to trustworthiness.

However, risks remain high. Many tokens soar purely on social momentum, lacking technical foundations or governance plans. As these tokens gain mainstream attention, regulators in markets like Thailand and the UK are beginning to draw lines between parody securities and unregistered securities.

The road ahead: bubble or bridge?

The numbers are undeniable. Meme coins are driving wallet growth, platform usage, and conversation in the Web3 world. But whether this growth is sustainable—or repeatable—depends on what happens next.

If infrastructure providers and token creators prioritize fairness, transparency, and utility, this wave could become a powerful tool for attracting the next 10 million Web3 users. Otherwise, we may just watch another speculative bubble inflate and burst.

For now, the prevalence of meme coins is a certainty. But whether they will become an enduring chapter in crypto history or just another joke remains to be seen.