Solana-based (CRYPTO:SOL) meme coins have shown exceptional performance, surpassing Ethereum-based (CRYPTO:ETH) counterparts by 800% year-to-date, according to CoinMarketCap's 2024 H1 report.

Meme coins now constitute 22% of the market, with Solana commanding a 9.64% share, fueled by notable gains in coins like Dogwifhat (CRYPTO:WIF) and Billy (CRYPTO:BILLY).

Despite market volatility and occasional scams, Solana memes have sustained stability and growth, attracting significant attention and investment.

Billy, launched via Pump.fun, recently achieved a market cap of $117 million, illustrating the rapid rise of these speculative assets in the crypto landscape.