When Trump coins collide: How the $MELANIA and $TRUMP saga shook Solana

January 20, 2025
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When Trump coins collide: How the $MELANIA and $TRUMP saga shook Solana

The crypto world is no stranger to chaos, but the recent drama surrounding $TRUMP and $MELANIA coins has to be one for the books.

$TRUMP coin was riding a wave of hype and exclusivity—until Melania Trump entered the scene. Her involvement disrupted the market, causing altcoins to drop and major players like Solana (SOL) to take a hit.

$TRUMP’s Meteoric Rise

After its successful launch, $TRUMP (OFFICIAL TRUMP) quickly gained momentum, reaching a market cap of nearly $15 billion. It climbed into the top 20 cryptocurrencies,driven by strong community support and widespread interest. For many, it wasn’t just another meme coin — it was a statement.

$MELANIA: The Party Crasher

Everything changed with the arrival of $MELANIA (Official Melania Meme). Melania Trump’s unexpected entry into the meme-coin space shook the market. Already on edge, investors reacted with panic as $TRUMP’s value plummeted by 50%, leaving early investors frustrated. What had been a standout coin quickly lost its appeal, becoming just another overhyped cryptocurrency.

The Fallout

The numbers can tell you the story:

  • Pre-Melania Peak: Almost $15 billion market cap
  • Post-Melania Slump: Stumbled to $7 billion before stabilizing around $10 billion.
  • Current Price: Fluctuates between $45 and $55.
Collateral Damage Across Crypto

The chaos didn’t stop there. The ripple effects hit the broader market hard. Solana (SOL) plummeted 9.6% to $259.53, while other altcoins were drowning.

The Solana blockchain, which hosted both $TRUMP and $MELANIA tokens, buckled under the sudden surge in activity. Users reported significant network delays and transaction issues, with some experiencing "500 Internal Server Errors" when using Solana's blockchain explorer, Solscan.

This congestion highlighted the network's struggle to handle the unexpected load from the meme coin frenzy.

What Went Wrong?

This isn’t just about Melania stepping on Donald’s turf—it’s about what her coin represented. By launching $MELANIA, the exclusivity that made $TRUMP a hot commodity evaporated. It wasn’t unique anymore. Suddenly, everyone realized they were just trading hype, not value.

Most importantly, with $MELANIA’s launch, crypto enthusiasts are now speculating about more Trump-themed coins potentially entering the market. Whether it’s from other family members or opportunists looking to cash in on the trend, the fear of a flood of similar tokens is casting a long shadow over the space.

Are There Any Survivors in the Market Chaos?

Amid the turmoil, some blockchains, like Sui and Ripple, have shown notable resilience in the face of market pressures.

Sui, a layer-1 blockchain designed to address key industry challenges, has remained stable even during significant periods of volatility. Despite broader market downturns, the network has consistently performed well across key metrics.

SUI, the native token, saw an 11% surge in just one day, reaching $5.11, while major cryptocurrencies like Bitcoin experienced declines.

Furthermore, Sui's DeFi ecosystem has also expanded, with Total Value Locked (TVL) surpassing $2 billion, highlighting its ability to attract and retain capital amid fluctuating conditions.

Moreover, the network has demonstrated impressive performance, peaking at 5,414 transactions per second over 90 days while maintaining 100% uptime, further showcasing its capacity to handle increased activity without disruption.

The latest chaos emphasized the need to prioritize creative competition over unnecessary feuds, while also shining a light on the core values of blockchain technology that truly deserve support—resilience, scalability, and long-term vision.

In a market often distracted by hype and drama, it's these foundational principles that will drive meaningful innovation and ensure sustainable growth.

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