tl;dr
Donald Trump's surprise launch of the Solana meme coin has resulted in clear winners, including Trump himself and early investors, as well as Solana, which reached a new all-time high. However, other major meme coins, notably Dogecoin, have seen declines, with Dogecoin falling by more than 15% since...
Donald Trump's surprise launch of the Solana meme coin has caused fluctuations in the meme coin market. Dogecoin has experienced a 15% decline since the TRUMP coin launch, while other meme coins have also seen significant decreases. The broader crypto market is down 3% in the past 24 hours, with the TRUMP coin falling by 22% since its surprise launch.
Trump himself and early investors are clear winners, along with Solana, which reached a new all-time high. However, other major meme coins, especially Dogecoin, have seen declines. The crypto market is down about 3% over the past 24 hours, with notable decreases in various meme coins. Despite this, Bitcoin remains relatively stable, and Ripple-linked XRP is up by over 3% today. The TRUMP coin has fallen by 22% on the day.
Notable meme coins experiencing declines include Fartcoin (FARTCOIN) falling by 19%, Dogwifhat (WIF) down 11%, Floki (FLOKI) down 9%, and Pepe (PEPE) down 7%. Bitcoin is roughly even on the day at a price of $104,510 after hitting a new all-time high, while the Ripple-linked XRP is up over 3% today. TRUMP coin itself has fallen by 22% on the day at a current price of about $49.