Solana has been one of the main beneficiaries of the rise in popularity of meme tokens. The top 10 such assets by market capitalization include four Solana-based coins: Dogwifhat (WIF), Bonk (BONK), Book of Meme (BOME) and Popcat (POPCAT).

Syncracy Capital believes that the popularity of meme tokens combined with other factors will allow the native token Solana $SOL to grow to $200 by the end of May, and later update its historical maximum above $260.