The launch of Donald Trump's Solana meme coin, TRUMP, has led to significant gains for early investors and Solana itself reaching a new all-time high. However, the original meme coin, Dogecoin (DOGE), has experienced a decline of over 15% since the launch. Other major meme coins such as Fartcoin, Dogwifhat, Floki, and Pepe have also fallen in value. The broader cryptocurrency market is down about 3% in the past 24 hours. Bitcoin remains stable, while XRP has seen a slight increase. TRUMP has fallen by 22% since its launch.
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