- Trump’s Solana meme coin (TRUMP) has crashed 85%, mirroring a broader decline in crypto markets.
- Pump.Fun’s daily fees have dropped 99%, signaling fading hype in Solana’s meme coin ecosystem.
- Solana’s price hit a yearly low of $118, weighed down by FTX liquidations, macro fears, and meme coin fatigue.
President Donald Trump’s official Solana meme coin (TRUMP) has plummeted 85% from its all-time high, now trading at $10.50, according to CoinGecko. The token’s decline mirrors broader sell-offs in traditional markets and major cryptocurrencies like Bitcoin and Ethereum, both down over 8% this past week.
Meme Coins Face Market Fatigue
Solana’s meme coin ecosystem, powered by Pump.Fun, has cooled off significantly. Once a booming hub for rapid token launches, the platform’s daily fees have crashed from $15.5 million in January to just $117,000—a staggering 99% drop.
“Meme coins thrive on hype, and right now, that hype is fading fast,” said a market analyst familiar with Solana trends.
Meme Coins Across the Board Are Bleeding
Trump’s TRUMP token isn’t alone in its downturn. Other Solana-based meme coins have suffered massive declines:
Even top meme coins from other blockchains, including Dogecoin (DOGE) and Shiba Inu (SHIB), have dropped 38% and 26% respectively in the past 30 days.
Solana’s Price Hit a Yearly Low Amid the Chaos
As meme coin hype fades, Solana’s own price has taken a hit, falling to $118—its lowest point in over a year. The decline has been fueled by concerns over:
- The LIBRA meme coin scandal, tied to Argentine President Javier Milei
- FTX bankruptcy estate unlocking 11.16M SOL tokens ($1.3B)
- Macroeconomic fears, including Trump’s trade war uncertainty
“It’s a perfect storm—traders are exhausted, FTX liquidations are weighing on the market, and macro fears are growing,” said Messari analyst Matthew Nay.
What’s Next for Solana and Meme Coins?
Despite the downturn, Solana’s meme coin scene isn’t completely dead. Pump.Fun still boasts over 150,000 daily active addresses, and analysts predict hype cycles will return—eventually.
“Solana had its ‘meme coin summer,’ and while things are cooling off, history tells us this space moves in cycles,” said Nay.
For now, Solana and meme coins face an uphill battle, but if crypto markets stabilize, another wave of speculation could be right around the corner.
