Solana’s AI Memecoins Are Thriving, but Is the Hype Here to Stay?

Solana is on the rise as the memecoin platform of choice, with AI memecoins seeing a surge in trading volume and market cap. The total market cap of AI memecoins on Solana is now close to $11 billion, with over $2 billion in trading volume.

But questions linger on the future of these tokens as to whether the current hype around AI agent coins can influence the memecoin space.

Memecoins Surge on Solana

Memecoins have been the major catalyst for Solana’s growth. AI-driven meme tokens like AI16Z keeps thriving, with its market cap hitting $2.43 billion. Ranked #67 in the crypto market, AI16Z jumped over 20%, showing strong investor interest.

Read also: Solana Memecoin Frenzy Cools Down After Binance Listing

Other Solana-based tokens, like FARTCOIN and TURBO, have also seen gains. FARTCOIN now boasts a market cap of $1.33 billion, while TURBO reached $714 million.

Moreover, Ai memecoins BeffAI, IQ6900, and Mizuki are seeing growth as well, with BeffAI up as much as 216%, according to CoinGecko data.

AI Agent Tokens: The Next Big Thing?

AI-driven tokens are riding the memecoin wave, capitalizing on the hype to gain traction. Industry experts like Haseeb Qureshi, managing partner at Dragonfly Capital, predict this trend will continue, with AI-linked tokens potentially taking over from memecoins in popularity.

While these AI agents are still new and rely on human oversight, their use in growing systems and chatbots has captured the public’s attention.

However, Solana project founders have mixed feelings about the growing AI agent tokens. Blockworks Research survey found that 16% of Solana founders called AI agents the “most overrated” development area. In contrast, 76% believe memecoins benefit the market.