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The first Solana meme coin is generally recognized as $BONK. Launched when the Solana ecosystem was facing significant challenges, $BONK played a pivotal role in revitalizing interest in Solana. It was designed as a community coin to reward developers, NFT collectors, and artists within the Solana ecosystem, and its launch was marked by a significant airdrop to Solana users, which helped boost its adoption and popularity.