Cashing in on President Donald Trump’s image gold may not have been as simple as it sounds.

Solana-based applications like the decentralized exchange Jupiter and digital wallet Phantom experienced degraded performance Sunday, with users reporting issues not long after First Lady Melania Trump’s own meme coin caused Official Trump’s ( TRUMP ) price to plummet.

As businesses mulled the second lady’s walk, Phantom said on X that user action had thrown off its platform’s security. A few hours afterwards, Phantom said its systems had rebounded from an “unprecedented surge in activity, ” with people swapping$ 1. 25 billion value of online resources over the past time.

“Welcome to mass adoption, ” Jupiter said on X, warning people that its devices had also come under pressure according to an “extreme weight. ”

For Republican traders, the ability to transfer assets during that windows perhaps have separated first winners from losers. While TRUMP’s rate was near its all-time high of$ 73. 43 when the first lady’s meme coin launched, it fell 44 % to$ 48 in about an hour.

When TRUMP launched Friday, some onlookers remarked the meme coin’s relatively smooth debut was “only possible on Solana, ” highlighting the network’s ability to process a flurry of speculators at once.

Trump’s meme coin may have sent Solana’s price to an all-time high of$ 286 this weekend, but traders ’ activity appeared to push the network’s ecosystem toward its limits, too.

According to Richard Wu, co-founder of the NFT marketplace Tensor, it was n’t just TRUMP traders ’ rush for the exit that caused Solana applications to struggle.  

“Someone nuked SOL on-chain, ” Wu said on X. That sparked a bombardment of trade machines that make money by buying an advantage in one area and then immediately selling it somewhere else, pocketing the revenue made between conflicting costs.

Most image coins, including TRUMP, business on a distributed trade or DEX. Using bright deals, these programs seek to remove financial intermediaries with self-executing code, and within the framework of Solana’s habitat, they support that sign, too.

On Jupiter, the price of Solana fell as low as$ 200 Sunday, according to the DEX’s website. Solana was trading near$ 255 on Bitcoin at the time, per its site.

A rise in concern fees—which users can pay in addition to standard transaction fees to increase the likelihood of Solana confirming said deal quickly —stifled some users as buying bots rushed to capitalise on low Solana, Wu said.  

Indeed, the average Solana transaction fee jumped 173 % Sunday, rising to$ 0. 41 from$ 0. 15, according to a Dune platform.

Republican traders in the U. S. perhaps had encountered more hurdles Sunday while trying to cash out their crypto assets, with Coinbase experiencing problems of its own. The leading bitcoin change in the U. S. has experienced “Delayed Delivers & Gets ” with Solana since Friday.

A Coinbase director referred to the exchange’s standing page, which said that the company is “continuing to investigate this issue. ” Coinbase listed TRUMP for investing on its app Monday, but the agency warned the gift faced “significantly delayed sends and receives ” also.

has reached out to Jupiter and Phantom for comment, but is yet to get a reply.

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