A tidal wave of meme coins crashed onto the Solana blockchain in late March 2025, a surge that acted as a precursor for the BTC explosion a few weeks after. CryptoRank and Dune data reveal an enormous spurt in token deployments paralleling the ascent of BTC to the much-coveted $100,000 mark in mid-May. This memecoin-mania spells a thriving developer ecosystem on Solana, suggesting their dynamics are at the forefront of — or perhaps even creating — further market booms.
Bitcoin’s rising price since March and the surge in token launches on Solana bear the mark of explosive growth. The boom in May on token deployments surpassed the 50,000 mark- actually seeing a double-increase in the span of a single month. While surely the bullish rally in Bitcoin gave some heat to the rocket, the memecoin madness on Solana started much earlier, pointing to a self-reading system with independent energy.

Bitcoin Price and Memecoins Deployment Trends.Source: CryptoRank.io, Dune by @adam_tehc
The floodgates have been opened. So, with lengthy development cycles out of the way, platforms like Pump.fun, Boop, and Believe are giving birth to a plethora of tokens at hypersonic speeds. This new ease of creation is fueling a memecoin frenzy, a flurry of activities that goes back to before the latest bull run of Bitcoin. These launchpads are the epicenter for the next-gen viral tokens.
Believe and Boop Gain Ground on Pump.fun
Of course, Pump.fun is the one and only leading force in token launches in the Wild West atmosphere, but challengers are nipping at its heels. An astounding 37,800 tokens exploded into existence on the 13th of May, 2025. Pump.fun collaborated to create 21,700 (57%) tokens, which constitute the clear majority. But do not rule out the challengers. Boop gave rise to 6,800 launches (18%), showing that it can stand toe to toe with the big guys. Believe, with 4,900 launches (13%), is also claiming its territory, giving all indications of a changing scenario in the token launching field.
Going by CryptoRank data, an unmistakable picture is painted: the memepad market is having a major seismic shift. Throw any status quo aside, Believe and Boop are muscling their way to the top, grabbing market share week after week. The glory days of Pump.fun are coming to an end as these new entrants are reworking the launchpad landscape with new alternatives and starting a launchpad revolution.
The shrinking bar representing Pump.fun between April 25th and May 13th tells the story of shifting allegiances. While Pump.fun’s dominance started to wane, Believe, Boop, and a swarm of nimble newcomers like LetsBonk and Bags had surging times under the limelight. Are creators restless, trying uncharted quests for wider audiences and faster returns? The data answer in a whisper, “yes.”

Daily Token Launches by Memepads. Source: CryptoRank.io, Dune by @adam_tehc
Believe App Activity Spurs High On-Chain Volume
Imagine digital gold rushes making and distributing in a day. That was the case with Believe, where more than 670,000 transactions were executed in 24 hours with a staggering $7.04 million collected in fees! But now, here’s where it gets interesting: half that huge amount, or $3.52 million, was granted to the token creators themselves to sustain the projects and further reward that vision. Believe is more than just an app; it’s an emerging economy full steam ahead.
Imagine transforming your tweets into tokens with a single click. The smooth integration with X has made this possible. We have literally put the power of making tokens into the hands of anyone, even those who have never had anything to do with cryptos. Forget about code and about making it complicated. Our focus has been speed and simplicity in deploying assets. Join the revolution.
Solana is buzzing! A tidal wave of new tokens is choking the network and sending volumes soaring. That feeds the decentralized platforms, with liquidity so aroused that it feels almost intoxicating for on-chain activity.
Forget moon landings, Bitcoin price is the real rocket fuel. Since July 2024, memecoin deployments have been hitching a ride on the wild swings of BTC Mt. Bullrun. Here’s the thing- every time Bitcoin pumps up its bullish muscles, a swarm of new memecoins poke their heads up, asking for a pound of flesh. BTC goes breakout? Get ready for a memecoin downpour.
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