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⌐◪-◪ → This might have been the wildest weekend in crypto history.

On Friday night, President-elect Donald Trump launched his official memecoin, $TRUMP, just days before his inauguration. The token is smashing records and has already entered the top 20 cryptocurrencies, with a current market cap of $53.93B.

Among memecoins, $TRUMP is now in the top 3, having overtaken $FART, $BONK, and $PEPE — making it the fastest growing memecoin of all time.

And if that wasn’t enough, Melania Trump dropped $MELANIA, which has already broken into the top 100 cryptocurrencies, currently sitting as the 7th-largest memecoin.

This all signals a massive paradigm shift in how the U.S. will approach crypto, but it also raises red flags. 80% of $TRUMP’s supply is controlled by Trump, which could lead to the biggest pump-and-dump in crypto history if mismanaged. On the flip side, these tokens could be allocated to Trump NFT Card holders, which would be the most logical decision.

The speculation doesn’t stop there. Crypto Twitter is eagerly awaiting more memecoins from the Trump family, with users turning on notifications for the rest of the clan.

There’s a lot to unpack here. If you want to dive deeper, join the hivemind in Specs.Chat.

Happy inauguration day, stay safe, and God Bless America!

⌐◪-◪ → Solana breaks under memecoin pressure

Solana is cracking under the weight of Trump-themed memecoins, causing severe network congestion, transaction delays, and outright failures.

Coinbase users have reported 2-hour waits for Solana deposits and withdrawals, while Binance has completely frozen SOL withdrawals. Coinbase CEO Brian Armstrong addressed the situation briefly, saying they’re actively scaling Solana infrastructure to handle this kind of surge.

Despite the chaos, Solana hit a new all-time high of $293.7, up nearly 50% in the past week. High demand has also created arbitrage opportunities between onchain prices and centralized exchanges, as SOL liquidity dries up across major platforms.

Meanwhile, Ethereum is underperforming, with the ETH-BTC ratio dropping to a 4-year low. Do with this what you please, not financial advice.

Solana’s ability to navigate this turbulence will be a crucial test of its network strength as it deals with unprecedented demand.

⌐◪-◪ → State-level Bitcoin adoption accelerates

Wyoming and Massachusetts are now the latest states to propose their own strategic Bitcoin reserves, bringing the total to 10 out of 50 states (20%) actively exploring this idea.

Wyoming’s bill would allocate up to 3% of state funds to Bitcoin, while Massachusetts is eyeing a more flexible 10% allocation. California might even join the bandwagon, with Assembly member Phillip Chen enlisting Proof of Workforce to explore Bitcoin-focused initiatives.

Meanwhile, Sen. Cynthia Lummis is still pushing for The Bitcoin Act, which would have the U.S. federal government acquire 1M Bitcoin (5% of supply) over the next five years. Polymarket currently gives the bill a 55% chance of approval within Trump’s first 100 days in office.

The Bitcoin prophecy continues to unfold. First corporations, then banks, now states—next stop, nations.

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