US President Donald Trump launched his meme coin, $TRUMP, in January at the peak of the crypto market. Since then, has been dwindling and losing much of its value after reaching an all-time high (ATH) of $261.
This launch, alongside $MELANIA, led many people to believe that it marked the start of Solana’s small downfall due to the damage done to its blockchain’s reputation, the increased pump-and-dump behavior that led people to avoid trading on the chain, and the network congestion the launches caused, which resulted in Solana struggling to process transactions for several days.
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Trump Team Tokens Unlock Coming: Nail in The Coffin for $TRUMP Coin?
The President last mentioned his meme coin back in January. As interest dries up, many lose faith in the coin, and the situation worsens.
On top of that, the team tokens unlock date, set for April 17, is approaching, and 4% of the token supply (worth approximately $320 million at the current market price) will flood the market, increasing sell pressure with little to no buying volume.
This event will likely drag the price even lower, losing whatever is left of the community without new development or news. It leads many to question whether it will ever recover.
$300M $TRUMP will unlock today
40M tokens will enter circulation as 3-month cliff ends.
After that, $4M TRUMP will unlock daily. pic.twitter.com/QvhLPnNJNb
— Alek (@Alek_Carter) April 18, 2025
Other Trump family coins are in the same situation as the president’s coin, as $MELANIA has lost 96.8% from its peak value. At launch, Melania faced even more backlash and raised many questions due to accusations of insider selling and market manipulation.
A coin with no utility or purpose or even hype anymore, benefiting only from the family name’s popularity, with a large portion of the token supply controlled by a small number of wallets, which have been continuously dumped over the months.
While it can still make a comeback with the community sticking out, it’s clear that the launch of these coins has done big damage to the meme coin’s reputation. Although the crypto market is no stranger to huge price swings, the names’ popularity brought coverage from nearly every major international media outlet. But the question now is…
Solana Crypto Meme Coins: Still Kicking or Time to Move On?
Despite everything that has happened in the Solana meme coin space, many new runners are still appearing daily. With Solana finding its footing and holding a strong support level at $131, it’s giving new life to meme coins. The likes of $FARTCOIN have surged by 35% in the last ten days, making higher lows, and it seems poised to make another run as Solana finds momentum.
$MUSKIT, the meme coin tied to Elon Musk’s father, has pumped over 300%, reaching a market cap of $6 million. Meanwhile, $MANEKI has surged 300%, hitting a $40 million market cap, and is set for a new run to break its major resistance at $0.0048.
It’s safe to say the market will keep on giving opportunities to those who can find them, and while the conditions are not favorable right now, many think it will only get better from here, as the worst is behind us now.
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Here is How Solaxy ($SOLX) Will Change The Meme Coins and Solana Scene
After the damage caused by Trump’s coin launch and the congestion that Solana has faced and continues to face from time to time over the last few months, analysts are calling Solaxy (SOLX) an ‘Arbitrum moment’ for Solana.
As the first-ever Solana Layer-2 blockchain, Solaxy directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.
Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike. It comes at the perfect time, given the renewed interest in the meme coin and the Solana ecosystem.
In the current presale round, $SOLX is priced at just $0.001698, and staking offers up to 132% APY, so holders who lock can earn high passive income.
Solaxy is off to a hot start as a potential low-cap gem that can multiply over the years while offering passive income to its holders.
With its presale raising $30.5 million out of $31.5 million, and the limited time left to buy your position in the presale.
Presales that raise funds quickly and attract many investors often see gains of 5x-10x after launch and tend to earn listings on centralized exchanges. And usually, smart whales accumulate these kinds of projects silently.
For the latest updates on the project, connect with the SOLX community on X and Telegram
Learn more about the project and how to participate in the presale by clicking here!
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Key Takeaways
- Trump and Melania’s launch dragged the Solana network down.
- Meme coins and Solana have held strong over the last few weeks.
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