What happened: Trump, the soon-to-be President of the United States, launched a memecoin on Solana on Friday night. It rose to $30B in market cap within hours and sucked liquidity out of the whole market. Memecoins have had their moment in 2024 – but this time it’s different.
Even people deep in crypto are completely stunned by what just happened. All of this is crazy from every perspective.
