Over the weekend, Solana’s SOL hit an all-time high of $295.33 before recovering to the $240 level, with its market cap also reaching a record high of $142.54 billion.
During this time, Donald Trump launched his memecoin TRUMP, which surged to $15.39 billion in market cap on the Solana network. Soon after, the MELANIA memecoin emerged, with a market cap of over $8 billion.
Phantom reported 8 million requests per minute, causing temporary delays in transactions.