The cryptocurrency market has once again been impacted by Donald Trump and Melania Trump-themed memecoins, which have surged in popularity and trading volume. This unexpected wave has had a significant effect on blockchain infrastructure, exchange platforms, and even liquidity providers. The memecoins, $TRUMP and $MELANIA, have triggered congestion on the Solana network, led to new CFD offerings, and pushed Bitcoin to new highs amid speculation surrounding Trump’s pro-crypto stance. Solana Faces Congestion Amid Trump Memecoin Hype The launch of $TRUMP and $MELANIA coins caused an unprecedented surge in activity on the Solana blockchain, leading to network congestion, transaction failures, and delays. Popular Solana-based services such as Phantom, Jito, and Jupiter faced severe strain, with Phantom handling over 8 million requests per minute. Even centralized exchanges like Binance, Robinhood, and Coinbase experienced infrastructure overload due to high trading volume. Coinbase CEO Bria...

  The Solana blockchain recently experienced significant congestion as interest in Donald Trump and Melania Trump-themed memecoins skyrocketed. The unexpected surge in transactions overwhelmed the network, causing delays, failed transactions, and increased pressure on both decentralized (DEX) and centralized (CEX) platforms , including Coinbase, Binance, and Phantom Wallet . Solana’s Network Struggles Amid Record Activity 🔹 Massive transaction load – Phantom, a leading Solana wallet provider, reported 8 million requests per minute , exceeding capacity and causing transaction failures. 🔹 Solana’s 24-hour DEX trading volume hit $23.7 billion , a record high, surpassing Ethereum and its Layer-2 networks combined . 🔹 Solana’s native token, SOL, surged to $294 , marking an all-time high , before correcting to $260. 🔹 Coinbase CEO Brian Armstrong acknowledged the surge , stating that Coinbase's Solana infrastructure was under strain and efforts were underway to scale operations. T...

  JPMorgan anticipates that a spot-based XRP exchange-traded fund (ETF) could attract between $3 billion and $8 billion in inflows. The projection is based on the success of Bitcoin and Ethereum ETFs, which currently hold 8% and 3% of their respective market caps. Ripple's Monica Long and prominent ETF analysts believe XRP could be next in line for ETF approval, following Bitcoin and Ethereum. The Ripple Effect Ripple CEO Brad Garlinghouse expressed optimism about the inevitability of an XRP ETF. Industry players like Bitwise and WisdomTree are already preparing proposals, with analysts forecasting potential approval by 2025. Polymarket users estimate a 59% likelihood of XRP ETF approval within the year, with a 50% chance by July 31. Challenges Ahead While optimism grows, regulatory hurdles persist. The U.S. SEC, currently under scrutiny for its approach to cryptocurrency regulation, has yet to greenlight XRP ETF proposals. With SEC Chair Gary Gensler stepping down and a pro-crypto...