Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
The Solana meme coin ecosystem is showing signs of a potential resurgence, with tokens like BONK, Dogwifhat (WIF), and FARTCOIN reportedly finding a market bottom after a period of underperformance. This renewed interest on the Solana blockchain, known for its low fees and high speed, is coinciding with the final day of the presale for Snorter (SNORT), a new meme/utility hybrid token set to launch on October 20, 2025.
BONK: Solana’s Flagship Meme Coin
BONK, recognized as the first significant meme coin on the Solana chain, continues to leverage Solana’s high throughput and low gas fees. It benefits from strong community engagement, frequent integrations within Solana’s decentralized applications and NFT ecosystem, and its position as a flagship meme token. Currently, BONK holds the third-largest market capitalization among Solana meme coins at $1.1 billion, trailing PENGU’s $1.4 billion.
Recent analysis indicates BONK’s price, currently around $0.00001444, is near its lowest levels in the past 18 months, with RSI and MACD indicators suggesting an oversold territory. Despite a brief panic-inducing crash on October 10, 2025, prices recovered, and institutions like Safety Shot Inc. have reportedly acquired substantial BONK holdings, signaling renewed confidence.
Dogwifhat (WIF): The Hat-Wearing Contender
Dogwifhat (WIF), positioned as Solana’s playful response to Dogecoin, is currently trading at approximately $0.525 with a market capitalization of $520 million. The token is resting on a significant support level that has been previously tested, forming a large “W” pattern.
Technical indicators, similar to BONK, show RSI and MACD in oversold territory, suggesting a consolidation phase. Analysts are watching for increased trading volume, which could potentially drive WIF to retest resistance levels, including the 200 EMA and SMA, and eventually the $1.5 mark, potentially leading to over 300% gains.
FARTCOIN: The Wild Card
FARTCOIN represents a more speculative and “degen culture” oriented asset within the Solana meme coin landscape, embracing viral speculation over fundamental utility. Despite minimal inherent utility, the token has historically experienced significant volume spikes and FOMO-driven price pumps.
Trading at approximately $0.37, FARTCOIN is also touching a notable support level on its chart. Indicators suggest the token is bottoming out and preparing to challenge the 200 EMA and SMA resistance at around the $1 price level, which is further reinforced as a significant battleground by the volume profile POC line.
Snorter (SNORT): New Utility Hybrid Presale
Snorter (SNORT) is emerging as a presale token built on Solana, functioning as both a meme coin and a utility hybrid, specifically a Telegram-native trading bot. The presale concludes today, offering a final opportunity to acquire SNORT at $0.1081 before its Token Generation Event (TGE) on October 20, 2025.
The project has successfully raised over $5 million and offers features such as staking rewards with a 105% APY, a sniping tool, and copy-trade functionalities, alongside competitive transaction fees of 0.85%. Its early-mover advantage and utility focus could position SNORT as a notable contender in the revitalized Solana meme sector.
The Solana meme coin market appears to be entering a critical phase, with established tokens like BONK, Dogwifhat, and FARTCOIN showing signs of a potential turnaround based on technical indicators. Concurrently, new utility-focused meme projects like Snorter are entering the market, aiming to capitalize on renewed interest and Solana’s robust infrastructure.
