Memecoin Creation on Solana Increased Sharply in Late March 2025

Memecoin creation on Solana increased sharply in late March 2025, weeks before Bitcoin (BTC) began its current rally.

Memecoin creation on Solana experienced a sharp increase in late March 2025, weeks before Bitcoin (BTC) began its current rally, according to recent data from CryptoRank and Dune.

As BTC approached the $100,000 mark in mid-May, token deployments on Solana surged, indicating heightened developer activity on the chain ahead of the broader market gains.

The chart above, which combines data from both sources, shows a striking correlation. Both BTC's price and the number of deployed tokens have trended upward since March. Notably, token launches crossed 50,000 in May, more than double the previous month's count.

While Bitcoin's rise likely encouraged further activity, the initial spike in deployments started earlier, indicating independent momentum within Solana's memecoin ecosystem.

Earlier this year, new tools lowered the entry barriers for token creation on Solana. Platforms like Pump.fun, Boop, and Believe facilitated faster token launches, further contributing to the uptick in activity. These launchpads became central to the growing memecoin wave even before BTC's uptrend took hold.

According to CryptoRank, on May 13, out of 37,800 newly created tokens, 21,700 (57%) were launched through Pump.fun. Boop followed with 6,800 (18%), and Believe recorded 4,900 (13%).

The breakdown from CryptoRank over the past two weeks shows a shift in user preferences.

As highlighted in the chart above, Believe and Boop have steadily captured market share. Their presence has reshaped the memepad landscape, reducing Pump.fun's dominance and diversifying launch sources.

The bar chart from April 25 to May 13 shows this trend clearly. As Pump.fun's share decreased, we can see an increase in activity from smaller platforms like LetsBonk and Bags.

The data suggests that creators are testing alternative platforms for broader reach and faster execution.

The integration of the social media giant, X, formerly Twitter, with the crypto space has also contributed to this trend.

The Believe app generated more than 670,000 transactions and $7.04 million in fees over 24 hours, according to recent data. Of that amount, $3.52 million went to token creators.

Its direct integration with X enables quick token creation from social media accounts. This setup has helped attract users who previously lacked access to tokenization tools. The platform's model, focused on simplicity and speed, appeals to users looking for minimal friction in deploying assets.

As more users create tokens, network traffic on Solana increases. The result is a rise in transaction volumes and fee generation across decentralized platforms, ultimately supporting liquidity and activity across the chain.

Finally, it's worth noting that Bitcoin's price remains a key factor in memecoin deployment cycles. The trendline since July 2024 shows that major BTC price movements often align with increases in token launches. Each bullish breakout in BTC has followed or coincided with spikes in deployment rates.