Investing.com — ‘s cryptocurrency, , continues to lose momentum against rival tokens. This decline comes amid the excitement generated by former President Donald Trump’s venture into the speculative segment of the digital assets market.
The Ether-to-Bitcoin price ratio, a measure of the second-largest token’s performance against the largest, dropped to its lowest level since 2021 on Monday, according to data analyzed by Bloomberg.
During the same period, reached a record high of $109,241. Meanwhile, ‘s native token, a blockchain that competes with Ethereum, achieved new highs over the weekend.
The surge in Solana’s value was largely driven by two memecoins introduced on its blockchain by Trump and his wife Melania leading up to his inauguration. Trump’s memecoin saw intense trading activity over the weekend, reaching a market capitalization of $15 billion before experiencing a sharp drop, as per data from CoinMarketCap.