Solana users have experienced difficulties following the recent memecoin launches by Donald Trump and his wife Melania.
Memecoin launches on Solana
Donald Trump's advisory team launched the Official Trump (TRUMP) memecoin on January 18, followed by the Official Melania (MELANIA) token on January 19, ahead of Trump's inauguration.
Network issues on Solana
The memecoin launches caused significant trading volumes, reportedly leading to delays on the Solana network. The Solana Explorer showed no new transactions for 30 minutes on January 19. Other users reported issues such as '500 Internal Server Errors'.
Investor concerns over token distribution
Trump and Melania's memecoins have drawn public interest, but the token allocation raised questions among investors. The MELANIA website claimed 35% of tokens were distributed to the team, but platform Bubblemaps found 90% are held in a single wallet.
Network issues on Solana and questions about token distribution have drawn attention to Trump's memecoins.
