Solana Price Prediction: SOL Slumps 9% As Trump Coins Cause Solana Network Congestion Issues This New Crypto Is Designed To Fix
The Solana price slumped 9% in the past 24 hours to trade at $236.88 as of 02:36 a.m. EST on trading volume that dropped 51% to $18.6 billion. The Solana blockchain faced significant network congestion on Monday due to the rising popularity of Donald Trump-themed meme tokens, TRUMP and MELANIA. Their respective launches over the weekend have created an unprecedented surge in transaction volumes on the Solana network. We are now witnessing the issue with Solana$TRUMP, $MELANIA, $BARRON launched, everybody is buying them, every normie, aunties, uncles literally everybody and look how the chain responds Barely any transactions comes through even with high priority fees — Koki (@k0k1mania) January 20, 2025 The overwhelming network activity led to technical disruptions for Jito Labs, a key infrastructure provider for the Solana network. As MELANIA and TRUMP continue to encounter a surge in trading volume, Solana’s ecosystem is still trying to recover. Solana On A Price Co...