#Trump memecoin launches, Solana users experience delays#

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Overview

Following the launch of the Trump-themed memecoin, the Solana network experienced unprecedented congestion, with users facing severe delays. Reports indicated that Solana processed 8 million requests per minute, overwhelming wallets and the network, leading to a period with no transaction records for 30 minutes during peak trading. While the Trump memecoin release attracted a large user base, it also raised concerns among investors regarding the project's long-term value.

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Analysis

The launch of the Trump memecoin has put a significant strain on the Solana network, leading to delays for users. Reports indicate that the Solana network experienced unprecedented traffic after the launch of the memecoin for Trump and Melania, processing up to 8 million requests per minute, overwhelming wallets and the network. During peak trading periods, there were even instances where no transactions were recorded for 30 minutes. While the launch of the Trump memecoin has attracted significant attention, it has also raised concerns among investors, as the phenomenon could pose substantial risks and may not necessarily provide long-term investment opportunities.

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Classic Views

The launch of Trump memecoin caused severe delays on the Solana network, with 8 million requests per minute, overloading wallets and the network.

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The issuance of Trump memecoin may pose risks and is a red flag for investors seeking long-term opportunities.

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The Solana network experienced network congestion following the debut of Trump memecoin, with no transactions reported for 30 minutes during peak trading.

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The launch of Trump memecoin attracted a massive influx of users, leading to unprecedented activity on the Solana network.

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