Ethereum’s cryptocurrency keeps losing ground to rival tokens as it struggles to harness tailwinds created by President Donald Trump’s foray into a highly speculative corner of the digital-assets market.

Solana’s recent surge was mainly driven by Trump and his wife, Melania, launching two memecoins on the blockchain in the lead-up to his inauguration. Trump’s coin saw frenzied

The pre-inauguration Donald Trump memecoin frenzy contributed to a record surge in new Solana addresses as users continued to flock to the meme-friendly blockchain. According to digital asset custody service Copper.