Over the weekend, the launch of Donald Trump's TRUMP memecoin on Friday led to a remarkable market cap of $14 billion within 33 hours. Following this, on Sunday evening, Melania Trump announced her own MELANIA memecoin, which reached a $13 billion market cap shortly after its launch. In this volatile market, TRUMP's value plummeted by 50%, while the MELANIA token experienced a surge, amusing crypto enthusiasts on Twitter. As the hype escalated, Solana's trading volume skyrocketed, with daily DEX volumes increasing from $6 million to $39 million by Sunday. However, the network faced some instabilities, affecting transaction capabilities on platforms like Phantom wallet, which processed at least 10 million transactions that day. Solana’s real economic value also surged to $57 million, indicating a thriving on-chain speculation atmosphere. Overall, crypto speculators enjoyed significant trading activity despite the technical challenges faced in the Solana network.

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