Trump Memecoin Boosts Solana, XRP and Ether Drop:
XRP and Ether prices fell as a new Trump memecoin launched on Solana, sending SOL up by 9.5%.
The memecoin quickly rose to $15, leading traders to sell off XRP and ETH.
Many are concerned that the rise of Solana could negatively affect Ethereum.
Despite this, XRP had a strong week, with growing interest tied to rumors that Trump may support U.S.-based crypto projects like Ripple.
TrumpMemecoin
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