Trump’s meme coin, $TRUMP, is rapidly losing steam after seemingly marking the market top earlier this year. Meanwhile, Solana is showing resilience — could this signal a meme coin revival on SOL?
Disclaimer: Crypto is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice.
Trump’s Meme Coin Hype Fizzles Out
In January, former U.S. President Donald Trump launched the $TRUMP meme coin — just as the crypto market peaked. Despite early excitement, the coin's value has dropped significantly, alongside $MELANIA, a meme coin named after the former First Lady.
These launches coincided with a noticeable dip in Solana’s reputation. The influx of hype-driven tokens led to increased network congestion, failed transactions, and a wave of pump-and-dump behavior, discouraging serious traders and developers.
Now, with the $TRUMP team token unlock approaching (4% of supply worth ~$320 million hitting the market), many investors fear another price collapse. With little development and waning hype, confidence in the project continues to drop.
Meanwhile, $MELANIA has plummeted over 96% from its ATH, tainted by accusations of insider selling and manipulation. Both coins appear to be driven more by name recognition than actual utility — and that strategy seems to be running out of steam.
#TrumpVsPowell #BinanceAlphaAlert