The launch of Melania Trump's meme coin caused significant disruptions for users of Solana-based applications, including Jupiter and Phantom. Users reported degraded performance shortly after the launch, with Phantom stating it had to address an unprecedented surge in activity. The trading activity related to the meme coin saw TRUMP's price drop 44% shortly after hitting a peak of $73.43. The application Jupiter also reported strain, indicating that the rush from traders contributed to network limitations. Troubling transactions caused Solana's price fluctuations and led to raised transaction fees, which increased by 173%. Furthermore, users faced additional obstacles as Coinbase encountered issues with delayed sends and receives for SOL transactions. Despite the hurdles, the event showcased Solana's capacity to handle mass trading, though it raised concerns over network stability as trading bots exploited price differences.

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