Solana customers confronted community points following the high-profile launches of memecoins by U.S. President-elect Donald Trump and his spouse, Melania, simply days earlier than Trump’s January 20 inauguration.
The Official Trump (TRUMP) token debuted on January 18, adopted by the Official Melania (MELANIA) token on January 19, each launched on the Solana blockchain. The inflow of exercise from these tokens reportedly led to community congestion and transaction delays.
By January 19, Solana’s blockchain explorer had ceased reporting new transactions for not less than half-hour, in accordance with a publish by crypto dealer Dave. Different customers additionally reported encountering “500 Inner Server Errors” on Solscan throughout this time.
Whereas Solana has maintained 100% uptime for the previous 90 days, previous community disruptions, such because the February 2024 outage, have fueled ongoing debates about its scalability.
The Trump household’s memecoins have drawn important consideration, however questions round their token allocations have raised considerations. The MELANIA token’s web site claimed its distribution was divided among the many workforce (35%), treasury (20%), group (20%), public (15%), and liquidity (10%).
Nevertheless, blockchain analytics platform Bubblemaps revealed that just about 90% of the token provide was held in a single pockets, contradicting the said distribution.
