Solana, a cryptocurrency chain, is being negatively affected by the LIBRA debacle, in which insiders allegedly manipulated the coin before dumping it. As a result, the value of SOL has dropped by as much as 18%, while the native token for Solana DEX aggregator Jupiter, JUP, has also seen a decline of up to 24%. Other coins, such as TRUMP and MELANIA, experienced significant rallies leading up to the LIBRA launch but have since trended downward. The market now associates these coins with the Solana memecoin complex and their value has decreased accordingly.



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