"The 'Solana Fever' sweeps through the cryptocurrency world! Competitor Ethereum is being thrown off!"

Currently ranked second in the global market value of cryptocurrencies, Ethereum is losing ground in competition with rivals such as Solana, Bitcoin, and Ripple (XRP), as it seems to be struggling to take advantage of the favorable situation created by former President Donald Trump's return to the White House and his foray into the highly speculative field of digital asset markets. Cryptocurrency investors are flocking to Solana's native token, Solana, and significantly selling off Ethereum, a competitor focused on decentralized finance. According to institutional data compiled, the price ratio of Ethereum to Bitcoin measuring the price performance of the second-ranked cryptocurrency relative to the global market value ranking crypto, Bitcoin, fell to its lowest level since 2021 on Monday, with Bitcoin hitting a historical high of $101,241. Solana's native cryptocurrency, a blockchain that has long competed with Ethereum, hit a historical high last weekend after previously being overlooked in the cryptocurrency space and often lagging behind Ethereum and Bitcoin. Solana's trading price surge is primarily attributed to the release of two so-called "commemorative coins" on its Solana blockchain by current U.S. President Trump and his wife Melania on the eve of the inauguration ceremony. According to CoinMarketCap statistics, Trump's exclusive commemorative coin "TrumpCoin" sparked a "meme cryptocurrency speculation storm" last weekend and Monday, with its market capitalization reaching $15 billion before sharply dropping. Since Trump's victory over Democratic presidential candidate Kamala Harris last November, the Republican U.S. leader's promotion of the development of cryptocurrencies has boosted most types of cryptocurrency assets. Trump has repeatedly emphasized the goal of making the U.S. the "cryptocurrency capital" and the "Bitcoin superpower," and his support for Bitcoin, as well as members of the new U.S. government, is pushing for a growing demand for global funds for the country's digital asset type funds (such as Bitcoin ETFs and Ethereum ETFs) and cryptocurrency derivative contracts. "Ethereum has clearly been the biggest loser in the recent meme cryptocurrency speculation frenzy, as many of the largest meme cryptocurrencies were generated and released in the Solana blockchain ecosystem," said Le Shi, Managing Director of the Hong Kong office of cryptocurrency market maker company Auros. The cryptocurrency space is filled with financial joke meme cryptocurrencies like Dogecoin, which also has extremely high volatility, with minimal intrinsic value. Once they attract a large enough following on social media, they can bring astonishing investment returns, but they can also quickly plummet to zero in value. Struggling Ethereum Solana and Ethereum have been long-time competitors as they both vie for a leading position in blockchain technology, especially in applications like DeFi and smart contracts. However, Solana offers significant advantages in trading speed, throughput, and fees, making it a preferred platform for more and more cryptocurrency projects and decentralized applications. Despite being relatively "young," Solana's ecosystem is rapidly growing. With the performance advantages of the Solana platform becoming apparent, more and more cryptocurrency projects are choosing to release on Solana, especially in the areas of DeFi, NFTs, and Web3, attracting a large number of decentralized cryptographic domain developers and innovators. Self-proclaimed "Ethereum killer" Solana has become the preferred network for decentralized cryptocurrency issuance. Last Sunday, as speculators flocked to the "TrumpCoin" and "MelaniaCoin" cryptocurrencies favored by cryptocurrency asset enthusiasts, the trading price ratio of Solana to Ethereum's underlying blockchain competitor reached an all-time high. Compared to larger market value cryptocurrencies like Bitcoin, Ripple, and Solana, which have repeatedly hit historical highs, Ethereum's trading price is still about 30% lower than its peak in 2021. In the past 12 months, Ethereum's price has risen by 39%, while Bitcoin and Solana have risen by 156% and 180%, respectively. Since November 2024, following the new round of "cryptocurrency investment frenzy" triggered by Trump's election victory, Ripple's trading price has surged by 351% relative to Ethereum, leaving a strong impression on cryptocurrency investors. The relatively lackluster investment or speculative demand for Ethereum has also led to a sense of caution among investors. According to institutional data, in the past three months, the net inflow of funds for 12 U.S. Bitcoin exchange-traded funds (i.e., Bitcoin ETFs) has exceeded $17 billion, while similar secondary market products for investing in Ethereum (i.e., Ethereum ETFs) have only seen net inflows of $3 billion. "There is a perception in the cryptocurrency market that Ethereum has not made any exciting new technological or investment progress, and thus it has stagnated," said Shi from Auros. Ethereum co-founder Vitalik Buterin recently announced plans to adjust the leadership structure of the Ethereum Foundation, with a focus on making the Ethereum network more decentralized and resistant to censorship. However, Buterin emphasized that the entity would not "lobby U.S. or other regulatory authorities.""Politicians with influence"Although cryptocurrency investors have been buzzing about the "Trump Coin" and "Melania Coin" meme cryptocurrency investment craze, the cryptocurrency market saw most of its gains erased after Trump's inauguration on Monday. According to earlier reports from the media, the cryptocurrency market had expected Trump to issue an executive order, designating the cryptocurrency industry as a "national priority," but so far no such directive has been issued.