Runners and Ruggers: Memecoin Highs and Lows
Trading memecoins is one of the most popular things to do in web3, but the significance of this sector is often overlooked. Memecoins are far more profound than most people realize. This is a technological and economic development that allows us to ascribe real value to intangible forces like culture, humor, and community. Memecoins are much like NFTs in the sense that they help shape the cultural identity of the blockchains they inhabit.
According to CoinGecko, the combined market cap for the top memecoins in the industry is over $86 billion, and the sector shows no signs of slowing down any time soon.
Memecoins attract millions of users and have a huge impact on how blockchains are perceived by the public. For many, their first interaction with crypto is not through a complex DeFi protocol but through a meme token that captures their attention. That entry point often leads people deeper into the ecosystem, making memecoins one of the strongest cultural funnels in crypto.
The Mind Behind the Meme
Memecoin traders will find a welcome home on Somnia with Somnia.meme and Somnex.
Alosha, the developer behind Somnia.meme, recently spoke with us about his experience building on Somnia, and shared some words of wisdom for meme traders and creators.
“My goal with Somnia.meme is to make it easier for both creators and traders to thrive while pushing the meme ecosystem to reach its full potential. I’ve been building Somnia.meme solo with the vision of creating a space where meme culture and web3 innovation come together. When I was deciding where to build, Somnia stood out as the perfect foundation,” Alosha said.
Alosha had some general advice for traders and creators launching a token of their own, drawing from years of experience in the industry. Here are a few of his tips:
Tips for Meme Traders
Watch growth signals like market cap and volume to gauge momentum.
Understand bonding curves, since early price changes can be very rapid and timing is crucial.
Look at the community, not just short-term hype, organic engagement matters most.
Always have clear targets and exit plans to manage risk in volatile markets.
Tips for Meme Creators
Storytelling is everything. A strong, simple meme helps people instantly connect.
Be consistent with updates and communication to keep the community excited.
Celebrate milestones to build momentum and reward early supporters.
Think long-term, not just about launch day sustainable projects evolve into lasting communities.
And one thing that everyone should always remember is to be careful! Trading memecoins is fun, but always remember that you’re playing with real money!
Launching a Memecoin
Launching a memecoin on Somnia.meme is very simple and only takes a few minutes. You don’t need to have a background in engineering to launch your token. All you need to do is upload an image for the token logo and input the token name and symbol. You’ll also be able to make the first buy. You can include a social media profile for the token as well. This step is optional, but it’s also essential for your project’s success, so don’t skip it!
You will also need to select the DEX that you want the token to graduate onto once it reaches the bond threshold. You’ll have the option between Somnia Exchange and Somnex. This means that once a token becomes popular and gathers enough liquidity, it will move onto those larger exchanges and possibly find a wider audience.
Why Somnia?
Somnia’s infrastructure was designed to handle high throughput and real-time applications, which makes it perfect for memecoin trading. It might seem like other high-speed blockchains are up to the task, and they are on most days, but even the most popular and trusted blockchains in the industry totally break down when a popular launch happens. Buyers are unable to get transactions through, and sometimes big launches even cause problems across the entire blockchain. Somnia was designed to prevent the congestion that leads to price spikes and pauses.
Alosha from Somnia.meme highlighted how Somnia’s performance capabilities and active community make it the perfect place for trading memecoins.
“The network offers extremely low fees, high transaction throughput, and a passionate, rapidly growing community. These factors make a huge difference for meme tokens. They need fast, cheap transactions to support high trading activity, and they thrive in ecosystems where communities are active and supportive. Somnia provides all of that, making it not just a technical choice but a cultural one. This strong foundation directly inspired the creation of Somnia.meme, giving both creators and traders the tools and environment they need to grow together,” Alosha said.
Memecoins highlight the fact that culture is one of the strongest forces in web3. Somnia was designed to support high-frequency activity at scale, making it the natural foundation for meme economies to thrive.
“Building on Somnia isn’t just about launching tokens, it’s about creating culture,” Alosha said.
Runners and Ruggers
To celebrate the culture and spotlight the boldest degens, Somnia is launching Rugs and Runners, a competition for memecoin traders and creators, with rewards across four prize categories.
The Top Winner prize goes to the trader who secures the biggest realized profit in a single memecoin trade. On the other end of the spectrum, the Top Loser spotlights the trader who took the hardest hit, because in memecoins even the losses become part of the story. The Top Meme will be awarded to the deployer whose token reaches the highest market cap by the end of the competition. Finally, the Top Trader will recognize the person who racks up the highest total trading volume in $SOMI across all meme tokens.
Each category will crown a single winner, with a total prize pool of $2,000. That breaks down into $500 each for Top Winner, Top Loser, Top Meme, and Top Trader.
To keep the competition fair, only memecoins launched on Somnia.meme or Somnex during the event will count toward the prizes. Creators are limited to one token per wallet, and any form of wash trading, self-trading, or coordinated pump groups is strictly prohibited. Participants who break these rules will be disqualified.
It’s time to embrace the chaos and claim your place in Somnia’s meme economy, but always remember to trade responsibly!