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The crypto market keeps falling, but Solaxy (SOLX) is moving in the opposite direction, raising $23.7 million through its ICO.
The meme coin market has seen a sharp decline, with the overall market capitalization dropping to $54 billion. Just 30 days ago, the total market cap stood at $100 billion, marking a 46% decrease.
A little over a month ago, meme coins had reached a peak of $120 billion in value, meaning the sector has now lost roughly 60% of its total worth. Among the biggest losers is Dogecoin, which has fallen from $0.45 to $0.209, with a 20% weekly decline.
OFFICIAL TRUMP has also suffered a 20% drop in the past week. While the market remains uncertain, meme coins are closely following Bitcoin’s price action. Despite the current downturn, a recovery is expected. Historically, market sentiment shifts from fear to greed, leading to strong rebounds when buying interest returns.
As the market eventually bounces back, meme coins could see explosive growth. One project gaining attention during this downturn is Solaxy (SOLX), which is currently in its presale phase.
Solaxy (SOLX) Presale Surges to $23.7M as Investors Eye Massive Returns
Solaxy (SOLX), the first major Solana layer-2 coin, has raised $23.7 million in its presale and continues to grow by $1 million every five days. The $SOLX token, priced at $0.001648, keeps attracting hundreds of thousands of dollars in daily contributions, even as market conditions remain weak.
Early buyers can purchase $SOLX using ETH, BNB, USDT, or a bank card. The team has also partnered with Best Wallet to make in-app purchases easier. For more information, investors can check out our guide on purchasing Solaxy tokens here.
For post-ICO growth, the team has set aside 10% of the $SOLX supply for liquidity and 15% for marketing. The roadmap includes a DEX listing right after the ICO, with a possible CEX listing later.
Many early presale buyers aim for 100x returns, while analysts suggest it could still offer up to 10x gains for those buying now. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.
Interest in Solaxy keeps rising on social media. Its X (formerly Twitter) and Telegram channels have seen rapid growth as more followers join to track its progress.
Solaxy: Boosting Solana’s Potential with Layer-2 and Ethereum Integration
Solaxy takes a new approach to solving Solana’s congestion problems. This layer-2 solution eases network traffic by handling transactions off the main blockchain, creating a faster processing system for Solana.
By doing this, Solaxy reduces the strain on Solana’s mainnet. Transactions go through its platform separately, then get bundled together and sent back for final verification.
This process lowers fees and speeds up transactions, especially during high-traffic periods when Solana usually faces delays. Solaxy’s whitepaper also highlights its plans for cross-chain compatibility.
The team is building a bridge between the Solana and Ethereum networks, making it easier to move assets between two of the biggest blockchains. This could expand Solaxy’s use beyond just improving speed.
Source – Solaxy (SOLX) Twitter
The $SOLX token plays a key role in the ecosystem, supporting transactions, governance, and staking. Current staking yields are at 171% per year, though they will gradually decrease as more investors stake $SOLX. Already, over 6.7 billion tokens have been locked.
Strong security has helped drive investor interest. Coinsult’s audit confirmed there are no honeypot risks and that the team cannot mint extra tokens, protecting holders from inflation.
Experts have compared Solaxy’s model to Ethereum’s successful layer-2 solutions like Arbitrum and Base. These platforms gained popularity by offering faster, cheaper transactions, and Solaxy aims to bring similar benefits to the Solana network.
Solaxy’s practical solution and security audits may be why so many investors are joining its ICO, even as the market struggles. To take part in the $SOLX token presale visit solaxy.io.
Related
- Solana ETF Anticipation Fuels Interest as Solaxy Presale Surges to $23.4 Million
- 5 Cryptocurrencies to Consider for Short-Term Investment in 2025 – $SOL, $TRX, $XRP, $LRC, and $SOLX
- Solana Layer 2 Meme Coin Surges Past $23M – Is $SOLX the Next Big Crypto?
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