{"id":229,"date":"2026-08-14T11:59:00","date_gmt":"2026-08-14T15:59:00","guid":{"rendered":"https:\/\/dolanduck.io\/blog\/?p=229"},"modified":"2026-08-14T11:59:00","modified_gmt":"2026-08-14T15:59:00","slug":"first-memecoin-on-solana","status":"publish","type":"post","link":"https:\/\/dolanduck.io\/blog\/first-memecoin-on-solana\/","title":{"rendered":"What Was the First Memecoin on Solana? Samoyedcoin Story"},"content":{"rendered":"\n<p>The first memecoin on Solana is generally recognised as Samoyedcoin (SAMO), launched in April 2021 by two pseudonymous creators using the handles smsl and Hot Onion. It arrived nearly three years before Pump.fun existed, when minting a token on Solana still required command-line work and seeding your own liquidity. SAMO was a dog coin by design \u2014 a Samoyed, chosen partly as a nod to Anatoly Yakovenko \u2014 and it functioned as an onboarding tool for a chain almost nobody was using yet. Its story explains what Solana memecoins looked like before the launchpad era compressed everything into a button.<\/p>\n\n\n<!--more-->\n\n\n<h2 class=\"wp-block-heading\">Key Facts<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Launched April 2021 with a maximum supply of 14 billion SAMO.<\/li><li>Distribution began with an airdrop of 1 million SAMO to roughly 2,000 early community members.<\/li><li>Allocation: about 66.1% earmarked for burns, 14.4% airdrops, 10% marketing, 5.6% gradual release, 3.9% core team.<\/li><li>Creators stayed pseudonymous as smsl and Hot Onion and never revealed identities.<\/li><li>Peak price around $0.25 in October 2021, up from roughly $0.005 \u2014 then down to about $0.036 by 31 December 2021.<\/li><li>Predates BONK&#8217;s December 2022 airdrop by more than eighteen months and Pump.fun by nearly three years.<\/li><li>Positioned itself as a community coin rather than a pure speculation vehicle, unusually early for the category.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why &#8220;First&#8221; Is a Claim Worth Qualifying<\/h2>\n\n\n\n<p>Nobody maintains an authoritative registry of which SPL token was minted with a joke attached first. Solana mainnet beta launched in 2020, and plenty of throwaway tokens existed before April 2021 \u2014 they simply had no community, no liquidity and no reason for anyone to remember them. Samoyedcoin is called Solana&#8217;s first memecoin because it was the first one that mattered: the first with distribution, a community and a market that outsiders noticed.<\/p>\n\n\n\n<p>That distinction is worth keeping because it applies to the whole category. In <a href=\"\/blog\/memecoin-history-dogecoin-to-pumpfun\/\">the broader arc from Dogecoin to launchpads<\/a>, &#8220;first&#8221; almost always means first to reach escape velocity rather than first to exist. With roughly 33,000 tokens now created daily on Solana, the gap between those two definitions has become enormous.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Launching Looked Like in April 2021<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><\/th><th>SAMO, April 2021<\/th><th>Typical launch, 2026<\/th><\/tr><\/thead><tbody><tr><td>How the token was minted<\/td><td>CLI tooling, manual setup<\/td><td>One click on a launchpad<\/td><\/tr><tr><td>Initial distribution<\/td><td>Airdrop to ~2,000 people<\/td><td>Bonding curve, first come first served<\/td><\/tr><tr><td>Liquidity<\/td><td>Seeded manually by the team<\/td><td>Automatic on graduation<\/td><\/tr><tr><td>Time to first trade<\/td><td>Days of preparation<\/td><td>Seconds<\/td><\/tr><tr><td>Competing launches that day<\/td><td>Effectively none<\/td><td>Around 33,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The airdrop-first model is the part that reads strangest now. SAMO gave tokens away to build a holder base before there was a market, because in April 2021 there was no mechanism for a crowd to buy in on day one. Today the bonding curve handles distribution automatically and airdrops are mostly a marketing afterthought. The tradeoff was slower growth for a community that formed before the price did.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The 2021 Run and What Followed<\/h2>\n\n\n\n<p>SAMO rode Solana&#8217;s breakout autumn, moving from around $0.005 to roughly $0.25 in October 2021 \u2014 a fifty-fold move driven by the same wave that took SOL to its all-time high. By the last day of 2021 it had fallen to about $0.036, and it never revisited the peak. That shape is completely ordinary for a memecoin; what was unusual was that the project kept operating afterwards, repositioning as a community and Web3 onboarding project rather than quietly dissolving.<\/p>\n\n\n\n<p>Then <a href=\"\/blog\/bonk-meme\/\">BONK&#8217;s airdrop in December 2022<\/a> reset the category&#8217;s expectations entirely, arriving into the FTX wreckage with half its supply given away and reaching a scale SAMO never approached. Current prices and supply for both are on <a href=\"https:\/\/coingecko.com\" rel=\"nofollow\">CoinGecko<\/a>, and the original mint accounts remain readable on <a href=\"https:\/\/solscan.io\" rel=\"nofollow\">Solscan<\/a> for anyone who wants to check the token age themselves.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What SAMO Actually Proved<\/h2>\n\n\n\n<p>Two things, and both held up. First, that a memecoin can function as chain marketing \u2014 a large share of people who opened their first Solana wallet in 2021 did it for a dog token, not for DeFi. Second, that surviving the drawdown is a different skill from launching. SAMO&#8217;s team kept shipping through a 85% decline in a market that had forgotten the token existed, which is rarer than any price move and is the actual reason the name is still recognised five years later.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">From Samoyeds to Ducks: How the Lineage Runs<\/h2>\n\n\n\n<p>DOLAN Duck ($DOLAN) sits four years downstream of SAMO on the same chain, with a fixed 98.3M supply and roughly 10,700 holders \u2014 a fraction of Samoyedcoin&#8217;s 14 billion supply, and a deliberately different design. Where SAMO allocated 3.9% to a core team and 10% to marketing, $DOLAN fair launched with no allocation at all, which is what the launchpad era made possible. What carried over is the animal, and that is not a coincidence: <a href=\"\/blog\/duck-coins-animal-memes\/\">every Solana cycle has run on a mascot<\/a>, from Samoyeds to dogs in hats to ducks. The mechanics of launching a token changed completely between 2021 and 2026. What people are willing to gather around did not.<\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1754641501\"><strong class=\"schema-faq-question\">What was the first memecoin on Solana?<\/strong> <p class=\"schema-faq-answer\">Samoyedcoin (SAMO), launched in April 2021. Throwaway tokens existed on Solana earlier, but SAMO was the first memecoin with real distribution, a community and a market that people outside the chain noticed.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754641502\"><strong class=\"schema-faq-question\">Who created Samoyedcoin?<\/strong> <p class=\"schema-faq-answer\">Two pseudonymous creators using the handles smsl and Hot Onion. They have never revealed their identities, which was more common for memecoin teams in 2021 than it is today.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754641503\"><strong class=\"schema-faq-question\">What is Samoyedcoin&#8217;s supply?<\/strong> <p class=\"schema-faq-answer\">14 billion SAMO, with roughly 66.1% originally earmarked for burns, 14.4% for airdrops, 10% for marketing, 5.6% for gradual release and 3.9% to the core team.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754641504\"><strong class=\"schema-faq-question\">What was Samoyedcoin&#8217;s all-time high?<\/strong> <p class=\"schema-faq-answer\">Around $0.25 in October 2021, up from roughly $0.005 earlier that year. It fell to about $0.036 by the end of December 2021 and never returned to the peak.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754641505\"><strong class=\"schema-faq-question\">Was BONK the first Solana memecoin?<\/strong> <p class=\"schema-faq-answer\">No. SAMO launched in April 2021, more than eighteen months before BONK&#8217;s December 2022 airdrop. BONK reached far greater scale, but Samoyedcoin came first.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754641506\"><strong class=\"schema-faq-question\">How was Samoyedcoin distributed?<\/strong> <p class=\"schema-faq-answer\">An airdrop, distributed to roughly 2,000 early community members before any market existed. Launchpad bonding curves that handle distribution automatically did not arrive until 2024.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754641507\"><strong class=\"schema-faq-question\">Why is it hard to prove which memecoin was first?<\/strong> <p class=\"schema-faq-answer\">Because token creation leaves no signal about intent. Plenty of joke tokens were minted on Solana before April 2021 with no community or liquidity, so &#8216;first&#8217; in practice means first to reach meaningful adoption.<\/p> <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The first memecoin on Solana is generally recognised as Samoyedcoin (SAMO), launched in April 2021 by two pseudonymous creators using the handles smsl and Hot&#8230;<\/p>\n","protected":false},"author":2,"featured_media":334,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-memecoins"],"_links":{"self":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts\/229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/comments?post=229"}],"version-history":[{"count":1,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts\/229\/revisions"}],"predecessor-version":[{"id":405,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts\/229\/revisions\/405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/media\/334"}],"wp:attachment":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/media?parent=229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/categories?post=229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/tags?post=229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}