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- Where will TRUMP coin land by 8:00 AM UTC, April 30? 🙋
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CoinGecko Releases First Report of 2025! Altcoins Bear the Weight of the Decline in Bitcoin! Solana (SOL) Featured!
Bitcoin and altcoins, which rose after the presidential victory of Donald Trump in November 2024, disappointed in 2025. While the rise at the end of 2024 is expected to continue, there has been a decline in cryptocurrencies.
With this decline, the total cryptocurrency market cap fell by 18.6% to $2.8 trillion.
In the midst of this decline, Bitcoin strengthened its dominance, and altcoins bore the brunt of the decline. At this point, *BTC dominance ended the first quarter at 59.1%, a level not seen since the beginning of 2021.
Bitcoin fell drastically from its ATH, ending the first quarter at $82,514, down -11.8%, while the largest altcoin, Ethereum, was a disaster.
ETH*** price in 2025 1. It fell from $3,336 to $1,805 in the quarter, erasing all of its gains in 2024.
In contrast, Solana* continued to dominate spot DEX trading from the end of 2024, accounting for 39.6% of all transactions in the first quarter of 2025.
Solana continues to dominate DEX transactions with a 39.6% share, while in January, Solana accounted for 52% of on-chain transactions among the top 12 blockchains driven by the political memecoin craze led by TRUMP.
It recorded over $184.8 billion in trading volume, an all-time high for the chain. This caused Ethereum's market share to fall below 20% for the first time.
However, as the meme coin trend receded, Ethereum managed to regain the top spot with a 30.1% market share compared to Solana's 23.4% market share in March.
LIBRA Scandal!
Prior to the inauguration of U.S. President Donald Trump****, the sudden launch of the official TRUMP meme coin, followed by MELANIA, sparked a wave of meme coin crazes, increasing the number of tokens distributed on pump.fun to its daily ATH of 72K.
However, this trend came to a halt with the launch of LIBRA, which was introduced by the president of Argentina, Javier Milei***.
The memecoin industry has declined due to LIBRA spiraling out of control, with Pump.fun's distribution volume falling sharply by 56.3%.