10x Research suggests that insiders received the TRUMP token before it was publicly traded, enabling them to capitalize on its value before it collapsed, leading to billions in losses for retail traders. The sell-off also impacted the Solana meme coin sector, causing a broader concern about the volatility of speculative digital assets. Tokens within the Solana ecosystem, including RAY, JUP, and SOL, experienced significant price declines. Pump.fun, a meme coin launch platform, has seen a decline in activity and revenue. President Donald Trump's involvement in the crypto sector and his executive order to establish a strategic Bitcoin reserve for the US has raised questions and caused volatility in Bitcoin's price.



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