Solana Chain Meme Coins Spark a New Wave: How Long Will This Hot Trend Last?

【Crypto Rhythm】Recently, the Meme coin sector on Solana has suddenly exploded, with a wave of Japanese subculture heat sweeping into the crypto market.

Here’s what happened—there’s a classic meme in Japanese internet culture called 「野兽先辈」(Beast Senpai). This meme appeared as early as 2001 and has been popular in Japan’s otaku culture for over 20 years. The associated number is 「114514」, which sounds like the Japanese phrase 「いいよ、こいよ」(meaning “Sure, come on”). Recently, this meme suddenly crossed over into the crypto world, and a bunch of related Meme coins started to surge.

Check out how intense this rally is—The coin 114514 currently has a market cap of about $42 million, hitting a peak of $57 million today. Its current price is roughly $0.042, with a 24-hour increase of 700%. Another coin, 42069, has a market cap of only $1.4 million, but its surge today is an astonishing 2900%, with a peak market cap of $2.48 million. YAJUCOIN is even more outrageous, with a 7200% increase in 24 hours. Although its market cap is only $960,000, its intraday peak reached $3.56 million. Even the related BEAST coin, with the smallest market cap of $240,000, experienced a 260% daily increase.

Why has this wave of popularity emerged? There are still quite a few behind-the-scenes drivers. On one hand, there are positive signals from the Japanese government—plans to significantly reduce crypto tax from the current 55% to 20%, and a plan to allow direct listing of crypto assets. These policy expectations have injected enthusiasm into the market. On the other hand, the entire crypto market has recently warmed up, and the Meme coin sector within the Solana ecosystem has collectively revived, igniting investor sentiment.

But to be honest—Meme coins are fundamentally built on emotion and hype, with little real utility or solid fundamentals to support them. Their volatility is like a roller coaster, and most of the gains might just be eaten up by bagholders. How long this heatwave can last is anyone’s guess. If you want to participate in this type of trading, make sure to carefully consider your risk tolerance and don’t get blinded by the rapid gains.