Following Melania Trump’s meme coin launch, Solana-based platforms like Phantom and Jupiter faced a heavy load, resulting in degraded performance and instability as $1.25 billion worth of assets were swapped within a day.
TRUMP’s price fell sharply from 73.43 USD to 48 USD shortly after the launch, reflecting market volatility. Despite these challenges, Solana’s price surged to an all-time high of 286 USD over the weekend.