Bitcoin Price Surge Drives Solana Memecoin Deployments

Memecoin creation on Solana increased sharply in late March 2025, weeks before Bitcoin (BTC) began its current rally. According to CryptoRank and Dune data, token deployments climbed as BTC approached the $100,000 level in mid-May. This shift highlights growing developer activity on Solana ahead of broader market gains.

The chart shows that both BTC’s price and the number of deployed tokens have trended upward since March. Token launches crossed 50,000 in May, doubling from the previous month. While Bitcoin’s rise likely encouraged further activity, the initial spike in deployments started earlier, indicating independent momentum within Solana’s memecoin ecosystem.

Bitcoin Price and Memecoins Deployment Trends. Source: CryptoRank.io, Dune by @adam_tehc

New tools lowered entry barriers for token creation. Platforms like Pump.fun, Boop, and Believe enabled faster token launches, contributing to the uptick in activity. These launchpads became central to the growing memecoin wave even before BTC’s uptrend took hold.

Believe and Boop Gain Ground on Pump.fun

Pump.fun remains the leading platform for token launches but now faces strong competition. On May 13, 2025, out of 37,800 newly created tokens, 21,700 (57%) were launched through Pump.fun. Boop followed with 6,800 (18%), while Believe recorded 4,900 (13%).

The breakdown from CryptoRank shows shifting user preferences. Believe and Boop have steadily captured market share over the past two weeks. 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 shift clearly. Pump.fun’s share declined as Believe, Boop, and smaller platforms such as LetsBonk and Bags became more active. This trend suggests creators are testing alternative platforms for broader reach and faster execution.

Daily Token Launches by Memepads. Source: CryptoRank.io, Dune by @adam_tehc

Believe App Activity Spurs High On-Chain Volume

Believe app generated more than 670,000 transactions and $7.04 million in fees in 24 hours, based on recent data. Token creators received $3.52 million of that amount.

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, supporting liquidity and activity across the chain.

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.

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