Got it. I’ll look into Solana-based memecoins that exhibit strong positive correlation with Bitcoin, ideally with amplified (leveraged-like) price movements. I’ll identify which ones historically or behaviorally mimic a leveraged long position on BTC, considering market data, community trends, and price volatility.I’ll let you know as soon as the analysis is ready.

Solana Memecoin as a Leveraged Bitcoin Proxy

Meme-based tokens on Solana have a reputation for high volatility and strong positive correlation with Bitcoin, often acting like “high-beta” versions of BTC. In other words, when Bitcoin (BTC) rallies, these tokens tend to surge even more in percentage terms, simulating a leveraged BTC position – albeit without any formal leverageflipster.io. Below, we identify the top Solana memecoins that fit this profile, compare their metrics, and analyze why they often outperform BTC during uptrends.

What Makes a Memecoin “Leveraged” to BTC?

High-Beta Behavior: Beta is a measure of how much an asset moves relative to a broader market (here, BTC). Many memecoins are essentially high-beta plays that amplify BTC’s movementscryptonary.com. They exhibit strong positive correlation with major crypto trends but with greater swings (higher volatility)flipster.io. This means in bull markets they can outpace BTC’s gains, and in bear markets they often fall harder. For example, analysts note that “meme coins often exhibit a high correlation with BTC and ETH, but tend to experience greater volatility”flipster.io. During market rallies, speculative frenzy and social media hype can drive memecoins to outperform more established coinsflipster.io – effectively behaving like a 2× or 3× long position on BTC’s trajectory. Conversely, in downturns they crash disproportionately, which is the risk side of this leverage-like behavior.Key Factors Enabling Leverage-Like Moves:

• Lower Market Caps: Solana memecoins typically have much smaller market capitalizations than BTC, so inflows of speculation produce larger percentage moves. Their price is more easily driven by retail enthusiasm (or panic), creating an outsized response to market sentiment shifts.
• Speculative Community: Memecoins thrive on “viral social media campaigns” and community hypeflipster.io. When BTC’s uptrend improves overall sentiment, memecoin communities often pile in, creating self-reinforcing spikes. This speculative fervor means memecoins “amplify BTC’s movements” in both directionscryptonary.com.
• Correlation via Ecosystem: As Solana’s ecosystem token (SOL) tends to rise and fall with BTC, Solana-based meme tokens linked to SOL’s success also end up “intricately linked” to BTC-driven market fluctuationswww.onesafe.io. In fact, altcoins (like meme tokens) are “distinctly tethered” to Bitcoin’s fatewww.onesafe.io in broad market cycles.

Top Solana Memecoins with Leveraged BTC-Like Behavior

The following table summarizes the top candidates – Solana memecoins known for closely tracking Bitcoin-led market moves while exhibiting higher volatility. Key metrics like recent volatility, correlation tendencies, and historical outperformance in BTC uptrends are compared:

Note: Correlation to BTC is described qualitatively due to limited published coefficients. In general, meme coins exhibit high positive correlation with BTC during macro uptrendsflipster.io (they rise and fall with the tide of overall market sentiment), even if short-term idiosyncratic pumps occur. Volatility is the standard deviation of daily USD price changes – significantly higher for these tokens than for BTC, which is what gives them a “leveraged” character.

Samoyedcoin (SAMO) – Solana’s Pioneer Memecoin

Background: Samoyedcoin is the original meme token on Solana, launched in April 2021 and branded around the fluffy Samoyed dog (a nod to Solana co-founder Anatoly Yakovenko’s dog and FTX’s Sam Bankman-Fried)www.kucoin.com. It has become a beloved community-driven project with its own NFT collection and even a gamified hub (“Samoyed City”) for earning and learning within the Solana ecosystemwww.kucoin.com.Correlation & Market Behavior: SAMO’s fortunes have largely mirrored the broader crypto market cycles. Its growth is heavily hype-drivenwww.tradingview.com, so in risk-on environments when BTC is climbing, SAMO tends to rally strongly as investors speculate on higher returns. Conversely, in risk-off periods, SAMO has crashed hard. This pattern is exactly what we’d expect from a coin behaving like a leveraged BTC position:

• 2021 Bull Run: Shortly after launch, SAMO rode the Solana and BTC bull wave. While specific data from 2021 isn’t cited here, anecdotal reports show it delivered massive % gains as SOL hit all-time highs – a typical high-beta response.
• 2022 Bear: SAMO’s price collapsed much more than BTC’s in the subsequent crypto winter, underscoring the downside of leverage-like assets.
• Late 2024 Rally: As the market recovered and Bitcoin surged (on ETF optimism, etc.), SAMO absolutely soared. It reached an **all-time high of ~0.01521 on Nov 15, 2024**[tradingview.com](https://www.tradingview.com/symbols/SAMOUSD/#:~:text=What%20is%20SAMO%20highest%20price,ever), which was a **5×+ increase** from its mid-2024 prices around n0.003. By comparison, Bitcoin roughly doubled in that timeframe (for example, if BTC moved from ~$30k to ~$n60k, that’s +100%, whereas SAMO’s +400–500% is ~4–5× amplification). This exemplifies SAMO’s role as a high-beta BTC proxy during uptrends.
• Early 2025 Pullback: After peaking, SAMO plummeted as the crypto market faced a correction in Q1 2025. It hit a low of $0.0022469 on Apr 7, 2025www.tradingview.com. This ~85% drawdown from the peak is far deeper than BTC’s drawdown over the same period. (For context, if BTC slid ~40–50% from its highs, SAMO fell 85%+, again reflecting a leveraged downside). Such volatility aligns with the notion that “during bearish phases, meme coins see sharp declines”flipster.io, much sharper than BTC. Volatility & Liquidity: In recent months, SAMO’s daily volatility has averaged around 6–7%coincodex.com, which is several times higher than Bitcoin’s. It still trades with decent liquidity on major exchanges (Kraken, OKX, etc.)coinmarketcap.com, but traders predominantly treat it as a speculative asset rather than a long-term hold. A blockchain news analysis noted Solana meme traders prefer rapid in-and-out trades for quick gainsblockchain.news. This culture means SAMO can spike quickly on positive sentiment but also sees sudden sell-offs. For example, even a humorous tweet in Feb 2025 caused a 25% surge in SAMO’s hourly trading volume and a brief 3% price jumpblockchain.news – a trivial move in price, but highlighting reactive volatility (BTC barely moved in the same hour).Summary: SAMO’s strong positive correlation with BTC is evident over macro scales – it rises when BTC-driven optimism floods the marketwww.onesafe.io. Its beta relative to BTC has effectively been well above 1 (often 2–3× or more), as seen by its habit of multiplying Bitcoin’s gains (and losses). This makes Samoyedcoin a prime candidate for those seeking a Solana-based asset that behaves like a leveraged long on Bitcoin during bull runs. However, its reliance on “market enthusiasm”www.tradingview.com means it’s only as “good” as the current hype – caution is warranted, as always, since high-reward comes with high risk.

Bonk (BONK) – High-Volatility Solana Dog Coin

Background: BONK burst onto the scene in late 2022/early 2023 as a Shiba Inu-themed token unique to Solana. It gained fame through a widespread airdrop to Solana community members, injecting much-needed excitement into Solana after the FTX collapse. Dubbed Solana’s first dog coin, BONK’s user-centric airdrop strategy was “a vital booster for Solana amid challenging narratives”www.onesafe.io. The token quickly became Solana’s second-largest memecoin by market cap by 2023–2024, only trailing the likes of the established SAMO or otherswww.fxleaders.com.Correlation & Market Behavior: BONK’s price action has been extremely volatile and at times driven by Solana-specific events, but it ultimately aligns with the broader crypto sentiment:

• Upon its launch and airdrop (early Jan 2023), BONK’s price exploded thousands of percent in days, largely independent of BTC (which was just beginning to rebound from lows). This initial phase was more about internal hype than BTC correlation.
• However, after the initial spike and crash, BONK began trading more in line with general market moves. “Its fate [became] intricately linked to Solana’s price fluctuations”www.onesafe.io – and since SOL typically moves with BTC, BONK indirectly rides the BTC waves. In practice, when Bitcoin and the crypto market have bullish momentum, BONK tends to be lifted as speculative capital returns to altcoins (especially in the Solana ecosystem). When Solana’s price surges, BONK often sees a sympathy bid from traders looking for higher beta exposure.
• Performance in Uptrends: BONK hit an **all-time high of ~0.00005916 in Nov 2024**[fxleaders.com](https://www.fxleaders.com/news/2025/04/29/bonk-surges-55-solana-memecoin-breaks-multi-month-downtrend/#:~:text=Following%20an%20all,sell%20signal%20by%20technical%20analysts), during the same late-2024 rally that propelled BTC and SOL upward. This was a massive run-up from its mid-2024 levels (for instance, Bonk was around n0.000007 in mid-2024, and ran up ~8× to that ATH by Nov). That far outpaced Bitcoin’s percentage gain during the period. One week in April 2025, as the crypto market showed signs of recovery, BONK surged 55%www.fxleaders.com – a jump that greatly “outperformed more established cryptos” in that rally, and indeed helped break BONK’s multi-month downtrend.
• Performance in Downtrends: The flip side is dramatic. Following its Nov 2024 peak, BONK entered a “protracted decline”, plunging to about $0.00000885 by early April 2025www.fxleaders.com. That’s roughly an 85% drawdown in a few months – similar to SAMO’s crash, and much steeper than BTC’s dip. A “death cross” in Feb 2025 confirmed the bearish trendwww.fxleaders.com. Such swings underscore how “during bearish phases, meme coins see sharp declines”flipster.io and can dramatically underperform BTC on the way down. Volatility: BONK is exceptionally volatile – even among meme coins it stands out. A recent analysis found BONK had the highest daily volatility of a basket of popular memecoinscrypto.easyequities.co.za. Over the last month, BONK’s daily price volatility was about 20%coincodex.com, meaning an average day could see a ±20% swing. (For comparison, BTC’s 30-day volatility has often been in the low single digits percent.) This aligns with traders’ observations that “memecoins are an extremely high-beta play” in cryptocryptonary.com. BONK’s large token supply and tiny unit price (fractions of a cent) also contribute to perception of it as a lotto ticket, inviting aggressive speculative trades.Community & Catalysts: BONK’s community grew out of the airdrop, and it remains a highly speculative instrument. Social media hype can cause quick spikes – much of its early January 2023 pump was driven by viral chatter. Thereafter, BONK’s narrative as “Solana’s DOGE” means it often piggybacks on Dogecoin or Shiba Inu excitement as well. It also sees temporary boosts from Solana ecosystem news (for example, being used in Saga phone promotions or listed on new exchanges). Still, the dominant driver is overall market risk appetite: when investors are willing to take on risk (high greed index, etc.), BONK’s volume and price tend to leap.Summary: For those seeking the highest volatility “leveraged” exposure to BTC via a Solana token, BONK is a prime contender. It has proven capable of enormous gains in bull periods, outpacing even other memecoins. However, its correlation to BTC, while positive, can sometimes lag or be obscured by its own hype cycles. Over longer stretches, it does generally follow the crypto market’s direction (rising in late 2023–24 bull, falling in early 2025 pullback), just with much larger oscillations. Caution is warranted: BONK’s extreme daily moves (both up and down) make it akin to a 3×+ leveraged instrument – great when you’re right, painful when you’re wrong.

Other Notable Solana Memecoin Candidates

Aside from SAMO and BONK, which are well-established, a few newer Solana memecoins have shown similar “leveraged BTC” behavior in the recent cycle:

• Peanut (PNUT): Launched in Feb 2024, PNUT rode a wave of enthusiasm for novel Solana memes. The token, themed around a pixelated squirrel, rapidly climbed the ranks – by late 2024 it reached a $1.1 B market cap** with an **ATH of ~$n2.47 following major exchange listingswww.kucoin.com. This meteoric rise coincided with a bullish crypto market backdrop, indicating that macro sentiment helped fuel PNUT’s surge. Its explosive ~380% rally in ten days at one pointng.investing.com exemplified how a speculative Solana token can vastly outperform BTC in short periods. However, like others, PNUT faces heavy drawdowns when hype fades. Its large market cap at peak shows memecoin mania on Solana can get almost as frothy as on Ethereum.
• Goatseus Maximus (GOAT): Another 2024 entrant (launched May 2024), GOAT blended mythology and meme culturewww.kucoin.com. It soared to a **$905M cap** by late 2024, after a price run to ~$n1.36www.kucoin.com. Again, this roughly coincided with the broader crypto uptrend. GOAT’s massive percentage gains (from launch price to ATH) indicate high beta behavior, though its narrative-driven pump means day-to-day correlation with BTC may not always be tight. Still, once the general market turned in Q1 2025, GOAT too saw a big retracement.
• Others (CHILLGUY, MEW, WEN, etc.): The Solana “meme season” of 2024 produced many thematic coins (some even tied to celebrities or politics)www.kucoin.comwww.kucoin.com. Just a Chill Guy (CHILLGUY) and cat in a dog’s world (MEW) are examples that gained traction in late 2024. These tokens all tend to thrive when Solana usage and crypto sentiment are strong, and they crash when the tide goes out. While their individual narratives differ, they share the common trait of outsized volatility and community speculation, which generally means higher beta vs BTC. For instance, a broad memecoin index showed meme tokens returning “6× higher than the crypto market average” over a 30-day bullish periodcryptoslate.com – indicating how much these can overshoot BTC’s performance.

Historical Correlation and Volatility Analysis

To quantitatively underscore the relationship, consider the general correlation and volatility trends of Solana memecoins versus Bitcoin:

• Correlation: During bull runs, correlation to BTC often increases for altcoins, as a rising tide lifts all boats. Meme tokens are no exception – their daily returns tend to align positively with BTC’s moves when the market is trending strongly upward. While exact correlation coefficients fluctuate, it’s not uncommon to see a substantial positive correlation (e.g. 0.6–0.8) between a major meme coin and BTC during risk-on phases. As an analog, Shiba Inu (on Ethereum) has been “closely linked to broader market trends, especially Bitcoin’s movements”www.tradingview.com. Likewise, Solana’s memecoins get pulled along by the same forces driving BTC. One source notes that altcoins (like SHIB or SAMO) are “distinctly tethered” to Bitcoin’s price fatewww.onesafe.io, meaning if BTC sustains an uptrend, these tokens almost invariably follow. However, short-term correlation can break during isolated pumps or dumps due to token-specific news. Overall, the correlation is strongly positive over multi-week or multi-month horizons of market trend.
• Volatility: It cannot be overstated: memecoin volatility is orders of magnitude higher than Bitcoin’s. BTC, being a $0.5–1+ trillion asset in recent years, has relatively lower percentage swings day-to-day. In contrast, Solana memecoins routinely see double-digit percentage fluctuations in a single day. For example, in a recent 30-day span:
• SAMO’s daily volatility was about 6.2%coincodex.com.
• BONK’s daily volatility was around 20.3%coincodex.com, over three times higher.
• (By comparison, BTC’s 30d volatility at the same time was likely ~2–3% per day.) So if Bitcoin moved +5% in a week, a token like BONK might easily move +15% or more in that week (assuming the direction is aligned). This high volatility is exactly what gives the “leveraged” effect – these coins have beta > 1 relative to BTC. In fact, traders explicitly view major memecoins as “high-beta play[s], amplifying BTC's movements”cryptonary.com. Empirical data backs this: “meme coins can outperform more established cryptos during rallies”flipster.io – which is the upside of volatility. The downside is equally true: when BTC dips or stalls, memecoins can whipsaw violently or tumble independently.

Conclusion

Among Solana-based memecoins, Samoyedcoin (SAMO) and Bonk (BONK) emerge as the top choices for mimicking a positively leveraged Bitcoin position. Both have demonstrated:

• Strong positive correlation with BTC-led market moves: They rally when Bitcoin rallies (driven by the same macro sentiment), as noted broadly for meme coinsflipster.io. SAMO’s and BONK’s major price spikes have aligned with periods of Bitcoin strength (late 2024, early 2023, etc.), validating this linkage.
• Greater volatility (high beta): They amplify BTC’s performance. SAMO delivered several-fold returns in the time BTC roughly doubled, and BONK’s percentage swings have been even more extreme during uptrendswww.tradingview.comwww.fxleaders.com. This means they can turn a modest BTC uptrend into a spectacular rally from an ROI perspective – effectively behaving like a 2×–3× leveraged position on market sentiment. Meme coins’ outperformance in rallies due to speculative fervor is well documentedflipster.io.
• Consistent pattern of outperformance in uptrends (and underperformance in drawdowns): The “leveraged long” analogy holds true when examining their full cycle behavior. During bullish phases, these tokens’ percentage gains far exceed Bitcoin’s, thanks to their smaller size and speculative nature. During bearish phases, they suffer outsized losses (akin to how a margin-long would). This track record is exactly what one would expect from a pseudo-leveraged asset. In terms of which is “best,” it depends on how one defines it:
• Samoyedcoin (SAMO) can be seen as “the classic choice” – it’s well-established, has a passionate community, and has survived multiple cycles. It reliably participates in BTC-driven rallies and has slightly lower volatility than the newest meme crazes, making it somewhat more tempered (though still very volatile). Its beta to BTC is high, but perhaps a bit less erratic than BONK’s. SAMO’s historical performance – achieving new highs alongside Bitcoin’s bull runs – suggests it “tends to reflect Bitcoin’s price movements” in a magnified waywww.tradingview.com.
• Bonk (BONK) is the “high-octane upstart”. It offers even greater volatility – truly explosive upside in a frenzy – which might suit those looking for maximum leverage-like exposure. BONK’s correlation to BTC is a step removed (through Solana’s performance), but in practice it has boomed when the whole market boomed. Its recent surge of +55% in a week (while BTC had a smaller rally) shows the kind of alpha it can add on top of BTC’s trendwww.fxleaders.com. However, its extreme swings make it the riskier of the two. Considering the balance of correlation and volatility, Samoyedcoin arguably offers the closest analog to a straightforward 2× BTC play, given its strong alignment with market moves and significant (but somewhat more controlled) volatility. Bonk, on the other hand, behaves more like a 3× (or higher) leveraged position – potentially higher reward, but harder to predict day-to-day and with higher risk of collapse if timing is wrong.For a Solana-based investor seeking a memecoin that “tends to outperform Bitcoin percentage-wise during uptrends,” either of these fits the bill, with SAMO perhaps being the more time-tested “best bet.” Ultimately, both underscore the allure of memecoins in a bull market: as one report put it, memecoin returns can be 6× higher than the crypto market average in a hot streakcryptoslate.com. Just remember that this cuts both ways – such tokens should be handled with care, position sizing, and an eye on BTC’s health (since if the big dog falters, these pups will likely get hit even harder).Sources: Solana memecoin market data and analysiswww.tradingview.comwww.fxleaders.comcrypto.easyequities.co.zaflipster.io; historical price and volatility records from CoinCodex and TradingViewcoincodex.comcoincodex.comwww.tradingview.com; news on memecoin performance relative to BTCwww.onesafe.iowww.tradingview.com; and insights into the high-beta nature of memecoinscryptonary.com. The table above and the discussion draw on these sources to illustrate how and why certain Solana memecoins behave like leveraged versions of Bitcoin in practice.