{"id":37647,"date":"2025-03-02T18:30:11","date_gmt":"2025-03-02T15:30:11","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37647"},"modified":"2025-03-02T16:55:15","modified_gmt":"2025-03-02T13:55:15","slug":"solana-down-45-since-trump-token-launch","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-down-45-since-trump-token-launch\/","title":{"rendered":"Solana Down 45% Since Trump Token Launch!"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\"><strong>Solana (SOL) has lost 45% of its value since the launch of the Official Trump (TRUMP) memecoin, struggling under the pressure of the growing memecoin market.<\/strong><\/p>\n<p>Since January, <strong>Solana<\/strong> has dropped from $261 to $143, with analysts pointing to memecoins as a major factor limiting its price performance.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/solana-down-45-since-trump-token-launch\/#Memecoin_Effect_and_Liquidity_Drain\" title=\"Memecoin Effect and Liquidity Drain\">Memecoin Effect and Liquidity Drain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/solana-down-45-since-trump-token-launch\/#Macroeconomic_Factors_and_Cybersecurity_Concerns\" title=\"Macroeconomic Factors and Cybersecurity Concerns\">Macroeconomic Factors and Cybersecurity Concerns<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Memecoin_Effect_and_Liquidity_Drain\"><\/span>Memecoin Effect and Liquidity Drain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dan Hughes, founder of Radix, explained that memecoins rarely bring new external capital into the ecosystem. Instead, capital rotates from one meme to another. \u201cMost of the liquidity into <strong>TRUMP<\/strong> came from people selling other crypto assets in extreme <strong>FOMO<\/strong>,\u201d Hughes told.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>This effect was so pronounced that <strong>Solana and TRUMP<\/strong> were the only assets in the green while the rest of the market suffered, earning TRUMP the label of a <strong>&#8216;liquidity vampire&#8217;.<\/strong><\/p>\n<p>Despite <strong>Circle<\/strong> minting over <strong>$8.75 billion USDC<\/strong> since January 1, <strong>Solana<\/strong> still fell 24%, indicating that new liquidity has been funneled into memecoins instead.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-03\/019556e2-c103-7896-a33a-c3b925bd464b\" alt=\"solana\" width=\"1600\" height=\"746\" \/><\/p>\n<p>On March 1, <strong>Solana<\/strong> saw its largest-ever token unlock, releasing <strong>11.2 million SOL<\/strong> into circulation. These tokens, originally purchased at <strong>$64 per SOL<\/strong> by <strong>Galaxy Digital, Pantera Capital, and Figure<\/strong>, posed a risk of a sell-off, yet <strong>Solana<\/strong> managed to hold above $140.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Macroeconomic_Factors_and_Cybersecurity_Concerns\"><\/span>Macroeconomic Factors and Cybersecurity Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hughes also pointed to macroeconomic uncertainties and cybersecurity risks dampening institutional investment. The <strong>$1.4 billion Bybit hack<\/strong> on February 21, the largest in crypto history, further shook investor confidence.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) has lost 45% of its value since the launch of the Official Trump (TRUMP) memecoin, struggling under the pressure of the growing memecoin market. Since January, Solana has dropped from $261 to $143, with analysts pointing to memecoins as a major factor limiting its price performance. Memecoin Effect and Liquidity Drain Dan Hughes,<\/p>\n","protected":false},"author":28,"featured_media":36536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[12052,1674,493,75,1332,2404,8276,1527,319,9059,943],"class_list":["post-37647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bybit-hack","tag-fomo","tag-galaxy-digital","tag-liquidity","tag-memecoin","tag-pantera-capital","tag-radix","tag-sol","tag-solana","tag-trump-token","tag-usdc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Down 45% Since Trump Token Launch! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-down-45-since-trump-token-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Down 45% Since Trump Token Launch! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Solana (SOL) has lost 45% of its value since the launch of the Official Trump (TRUMP) memecoin, struggling under the pressure of the growing memecoin market. 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