As SOL's price soared in late February, a meme coin frenzy took over the Solana ecosystem, sending several dog-themed and novelty crypto projects to astronomical heights. Let's break down the madness:

Bonk and DogWifHat See Meteoric Rises

Two of the biggest winners were Bonk (BONK) and DogWifHat (WIF), which rallied 110% and 250% respectively from February 23rd to 29th. BONK spiked to $0.00002364 while WIF topped out at $0.856420 amid a speculative buying frenzy.

BONK got an extra boost from rumors of a potential listing on major crypto exchange and fintech app Revolut. The rumored "Learn and Earn" campaign could onboard over 500,000 new users to the bonkers Bonk community if it comes to fruition, given Revolut's 38 million customers across 50 countries.

Smog Blazes Over 3,000% on Debut

Not to be outdone, the newly launched dragon-themed SmogCoin (SMOG) set the markets ablaze upon its February 7th debut on Jupiter DEX. Within hours, SMOG's price had skyrocketed over 3,000% as speculative traders piled in. The red-hot token has already amassed over 30,000 holders eager to earn upcoming staking rewards and an airdrop distribution.

Memecoin particulars aside, the broader surge highlights the immense speculative fervor taking over Solana's booming DeFi ecosystem. As users and capital flood in, the hunt for the next viral crypto sensation shows no signs of slowing down.

Whether the meme coin mania represents sustainable growth or just frothy excess remains to be seen. But one thing is clear - the "solanasphere" is quickly becoming the hottest place in crypto for memestock-style speculation and moonshot bets.