{"id":8397,"date":"2025-01-21T18:32:23","date_gmt":"2025-01-21T18:32:23","guid":{"rendered":"https:\/\/icobench.com\/?p=8397"},"modified":"2025-01-21T18:32:23","modified_gmt":"2025-01-21T18:32:23","slug":"solana-dives-4-percent-in-past-24-hours-as-trump-losses-half-of-its-value","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/solana-dives-4-percent-in-past-24-hours-as-trump-losses-half-of-its-value","title":{"rendered":"Solana Dives 4% in Past 24 Hours as $TRUMP Losses Half of Its Value"},"content":{"rendered":"

Solana is retreating 4% in the past 24 hours just two days after the new pro-crypto President of the United States, Donald Trump, launched a meme coin called $TRUMP on this network that rapidly congested its mainnet.<\/p>\n

On Sunday, the native asset of the Solana blockchain reached an all-time high of $295 per coin after the President made the announcement. However, the price quickly started to fall as analysts began to dig deeper into the tokenomics of Trump\u2019s celebrity token to find out that insiders held the majority of its supply<\/p>\n

\n

Public distribution is 10%, Liquidity 10%. 6 Different \u201cCreator and CIC Digital Groups\u201d that unlock after 3-12 months and vest over 24 months.<\/p>\n

That is a wild distribution for a meme coin. pic.twitter.com\/NblVGFicPE<\/a><\/p>\n

\u2014 Coffeezilla (@coffeebreak_YT) January 18, 2025<\/a><\/p><\/blockquote>\n