{"id":12402,"date":"2025-02-11T08:16:55","date_gmt":"2025-02-11T08:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12402"},"modified":"2025-02-11T08:16:55","modified_gmt":"2025-02-11T08:16:55","slug":"trump-meme-coin-dumps-another-17-but-solana-l2-project-solaxy-passes-19m-in-ico","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12402","title":{"rendered":"TRUMP Meme Coin Dumps Another 17% but Solana L2 Project Solaxy Passes $19M in ICO"},"content":{"rendered":"
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The Official Trump (TRUMP) coin has taken another hit, dropping 17% overnight as more investors cash out and lose faith.<\/p>\n

But while TRUMP struggles, a new Layer-2 project, Solaxy (SOLX), continues to draw recognition.<\/p>\n

Solaxy has just passed the $19 million mark in its ICO \u2013 proving that investors are still hungry for projects with real utility.<\/p>\n

TRUMP Coin Crashes to $16 as Panic Selling Intensifies<\/h2>\n

The numbers don\u2019t lie \u2013 TRUMP<\/a> is in freefall.<\/p>\n

After dropping sharply overnight, TRUMP has managed to bounce back slightly to $16 but is still down 6% on the day.<\/p>\n

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The bigger picture looks even worse: TRUMP has plunged 78% from its all-time high and is now below PEPE in terms of market cap.<\/p>\n

What\u2019s even more telling is the coin\u2019s trading volume.<\/p>\n

On the surface, TRUMP is the most actively traded meme coin right now, but that\u2019s not necessarily a bullish sign.<\/p>\n

Rather than renewed enthusiasm, the high volume signals panic selling, with investors scrambling to unload their holdings before the price drops even further.<\/p>\n

This wave of selling pressure has created a brutal feedback loop \u2013 one that dip buyers haven\u2019t been able to break.<\/p>\n

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It\u2019s yet another reminder of how volatile politics-themed tokens can be.<\/p>\n

They tend to rocket on hype, only to come crashing down once the initial euphoria wears off.<\/p>\n

And right now, reality isn\u2019t looking too bright for TRUMP holders.<\/p>\n

Meme Coin Market Tanks as $46B Gets Wiped Out<\/h2>\n

TRUMP\u2019s slump is part of a full-blown meltdown across the meme coin space.<\/p>\n

The sector\u2019s total value has plunged below $70 billion<\/a>, wiping out more than $46 billion in the past month.<\/p>\n

Daily spot trading volumes have also collapsed to under $10 billion, indicating that traders are losing interest.<\/p>\n

Almost every major meme coin is deep in the red.<\/p>\n

The bloodbath has been especially brutal for newer coins launched during January\u2019s hype cycle \u2013 many have already lost over 80% of their value.<\/p>\n

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Only Test (TST) has managed to defy the trend after its recent Binance listing.<\/p>\n

But even Test\u2019s rally has skeptics wondering how long it can last.<\/p>\n

With meme coins selling off across the board, some traders think the market has hit peak meme coin fatigue.<\/p>\n

After months of wild speculation and ridiculous token launches, investors seem to be shifting toward projects with real utility \u2013 believing they offer better long-term potential.<\/p>\n

Solaxy Defies Market Slump with $19M ICO Raise \u2013 Next Big Crypto Project?<\/h2>\n

While meme coins struggle, one project proves that real utility matters \u2013 and investors are hyped.<\/p>\n

Solaxy<\/a> has now raised over $19 million in its ICO, positioning itself as more than just another hype-driven token.<\/p>\n

Instead, it\u2019s solving a pressing issue: congestion on the Solana blockchain.<\/p>\n

Unlike TRUMP, which relies on speculation, Solaxy has real utility.<\/p>\n

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This Layer-2 protocol processes transactions off-chain before settling them on Solana\u2019s mainnet \u2013 similar to how Arbitrum and Base have helped scale Ethereum.<\/p>\n

Such an approach could be huge for Solana, which has recently struggled with slowdowns.<\/p>\n

Ironically, one of the most significant slowdowns was when the TRUMP coin went live.<\/p>\n

Alongside its scaling solution, Solaxy is also building a bridge between Solana and Ethereum, aiming to mix the best of both blockchains.<\/p>\n

The ecosystem runs on the SOLX token, which holders can stake for APYs of 212%<\/a>.<\/p>\n<\/p>\n