Solana users faced network issues following the high-profile launches of memecoins by U.S. President-elect Donald Trump and his wife, Melania, just days before Trump’s January 20 inauguration.
The Official Trump (TRUMP) token debuted on January 18, followed by the Official Melania (MELANIA) token on January 19, both launched on the Solana blockchain. The influx of activity from these tokens reportedly led to network congestion and transaction delays.
By January 19, Solana’s blockchain explorer had ceased reporting new transactions for at least 30 minutes, according to a post by crypto trader Dave. Other users also reported encountering “500 Internal Server Errors” on Solscan during this time.
While Solana has maintained 100% uptime for the past 90 days, past network disruptions, such as the February 2024 outage, have fueled ongoing debates about its scalability.
The Trump family’s memecoins have drawn significant attention, but questions around their token allocations have raised concerns. The MELANIA token’s website claimed its distribution was divided among the team (35%), treasury (20%), community (20%), public (15%), and liquidity (10%).
However, blockchain analytics platform Bubblemaps revealed that nearly 90% of the token supply was held in a single wallet, contradicting the stated distribution.
Binance has announced its full technical support for an upcoming upgrade to the Siacoin (SC) blockchain, scheduled for June 6, 2025.
MetaMask is making a major leap beyond Ethereum by adding support for Solana, marking its first deep integration with a non-EVM blockchain.
A significant portion of Ethereum validators are backing a proposal to nearly double the network’s block gas limit—an adjustment that could boost Layer 1 throughput without requiring a protocol upgrade.
Dubai is piloting the Middle East’s first regulated tokenized property program, signaling its intent to lead real-world asset tokenization in the region.