Memecoin

Solana price has been in a slump, but the factors keeping SOL down are endemic to the entire crypto market. Will a rising tide lift all boats?

Trump memecoin-linked accounts have reportedly earned at least $314 million from token sales and $36 million from fees on the Solana blockchain.

Memecoin activity flourished after the launch of US President Donald Trump’s TRUMP memecoin on Jan. 18, but fell off after “Libragate.”

Solana trading volumes briefly topped the entire Ethereum ecosystem’s in February.

“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” crypto regulations experts told Cointelegraph.

A US crypto reserve could offer “cover” to institutional investors, like pension funds, which have been hesitant to invest in crypto.

Federal Prosecutor Eduardo Taiano, who is currently probing President Javier Milei’s alleged involvement in “Libragate,” is also seeking recovery of his deleted social media posts.

Memecoin industry observers predict a consolidation of major memecoins such as Dogecoin, Shiba Inu and the Official Trump memecoin.