Despite mainstream appeal, the distribution of the Trump memecoins was flashing red flags for investors looking for long-term opportunities.
Solana users were experiencing network difficulties following the recent memecoin launches by US President-elect Donald Trump and his wife, Melania, ahead of the official presidential inauguration on Jan. 20.
Trump’s advisory team launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network, ahead of Trump’s presidential inauguration on Jan. 20.
The memecoin launches brought significant trading volume to Solana, reportedly causing congestion on the network.
