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Solaxy ($SOLX) is closing in on the $25 million mark in its presale, having already raised $24.7 million.
As the first Layer-2 on Solana, Solaxy received a major boost from a whale buy, likely driven by recent bullish news that U.S. President Donald Trump confirmed a crypto reserve – including Solana – on Sunday.
Following this, $SOL surged 27%, boosting the price to $178, while Solaxy saw over $1 million worth of new buys for $SOLX over the weekend.
With more large purchases coming in on Monday, $SOLX – currently priced at $0.001652 – could see an early price increase if the tokens allocated for the current stage sell out before the next stage begins in less than 28 hours.
Crypto Strategic Reserve Plan Supercharged XRP, ADA, And SOL Prices
On Sunday, Trump announced on his social media platform, Truth, that the U.S. is moving forward with a Crypto Strategic Reserve, including Ripple ($XRP), $SOL, and Cardano ($ADA).
This initiative had been teased during Trump’s campaign and was later reaffirmed before his swearing-in as the 47th U.S. president. He emphasized that the reserve would have a distinctly American focus, prioritizing U.S.-made cryptocurrencies.
This comes at an opportune time as, even though Bitcoin and Ethereum weren’t initially mentioned in Trump’s announcement, Bitcoin ETFs finally snapped their eight-day streak of outflows by recording a $94.3 million inflow on Saturday, marking another bullish development for the market.
The market responded swiftly. Within two hours of Trump’s announcement, ADA surged by more than 63%, while XRP jumped 32%.
Solana also saw a sharp rally, with $SOL spiking to $178 early Monday before stabilizing above $160 at the time of writing. This marked a significant recovery from its late February trading range below $130.
At the same time, Solana’s first Layer-2 project, Solaxy, also benefited from the bullish momentum. Over the weekend, Solaxy saw over $1 million in new buys, driven in part by excitement over Solana’s inclusion in the reserve.
Solaxy Snared $242,000 Whale Purchase On Saturday
Before the buying frenzy on Sunday leading up to Monday, Solaxy had already seen a massive whale buy on Saturday, with over $242,000 (at the time of the purchase) in $SOLX purchased, contributing to its weekend funding surge.
Ethereum Transaction Hash (Txhash) Details | Etherscan
Whale buys often signal strong confidence in a project, as large investors, institutions, or high-net-worth individuals have access to advanced market insights and tend to accumulate assets early for long-term gains rather than short-term speculation.
Those with larger capital typically may also possess crucial project information, and their early investments can indicate a strategic move ahead of potential price increases.
More investors, recognizing the strong parallel growth between Solaxy and Solana, followed suit on Monday, driving additional buys that pushed the presale to its current total.
Solaxy: Fixing Solana’s Biggest Problem
Solaxy is Solana’s first Layer-2 chain, designed as a roll-up solution to address the persistent issues that Solana’s Layer-1 has faced since its inception.
Despite offering faster and cheaper transactions than Ethereum, Solana has long struggled with network outages due to scalability limitations. These outages have frustrated investors, particularly those using Solana to launch or trade meme coins. A recent example occurred in January when Trump’s official meme coin launches significantly contributed to network congestion.
Currently, Solaxy is the only active project in development aimed at resolving these issues. By functioning as a roll-up solution, it alleviates the strain on Solana’s mainnet by processing most transactions off-chain.
Recent developer updates confirm that Solaxy has successfully tested Hyperlane integration, enabling seamless asset transfers between Solana L1 and Solaxy’s rollup on devnet. Next, the development team plans to launch a stable production version and expand asset support beyond SOL.
Solaxy has integrated the latest Sovereign SDK and enhanced Solana CLI compatibility, making it easier for developers to build and interact with the network.
Additionally, block explorer and Solana-native tool support are now available, with ongoing optimizations aimed at streamlining program deployment and interaction on the rollup devnet.
By solving Solana’s persistent issues, Solaxy could be the catalyst for the Layer-1 protocol’s bid to overtake Ethereum.
Just as Ethereum’s Layer-2 solutions – such as Arbitrum, Base, and OP Mainnet – have improved scalability, lowered transaction costs, and driven adoption, Solaxy is positioned to do the same for Solana.
This potential is likely what early investors, including the whale who made a large $SOLX purchase, recognize in the project’s trajectory.
With the U.S. establishing a reserve for $SOL, Solana’s growth path could become more sustainable and gain additional momentum if Solaxy drives adoption by resolving long-standing network issues.
This is why crypto influencers and the well-regarded educational platform 99Bitcoins predict explosive long-term growth for $SOLX.
How To Buy $SOLX
To be among the early investors, purchase $SOLX at presale through the Solaxy website by connecting your wallet, such as Best Wallet.
Best Wallet’s multichain support makes it an ideal platform for $SOLX, which is currently available on Ethereum, recently expanded to Bitcoin, and is set to launch on Solana soon.
Download Best Wallet on Google Play or the Apple App Store.
Stay updated on Solaxy’s latest developments by joining the X and Telegram communities.
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