Solana's Secret ETF Play Goes Live In Hours

Solana’s Secret Weapon Launches In 39 Hours — Could It Be The Real Solana ETF Play?

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Updated: 21 June 2025

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As the race to launch a spot Solana ETF heats up, most investors are focusing on one thing: $SOL. But what if the real upside lies elsewhere?

Enter Solaxy ($SOLX), Solana’s first Layer 2 scaling solution.

With ETF inflows poised to send a wave of institutional cash to Solana, the network’s biggest challenge will be keeping up. Solaxy aims to solve that by offloading transactions and optimizing execution, making it a critical piece of infrastructure.

That’s why some say it could be the real winner of an ETF-driven Solana breakout.

The Solana ETF Frenzy Has Begun

VanEck’s proposed spot Solana ETF has officially appeared on the Depository Trust and Clearing Corporation (DTCC) website, a step that usually precedes Securities and Exchange Commission (SEC) approval.

Meanwhile, prediction markets like Polymarket are assigning a 91% probability of a Solana ETF approval in 2025, with a 53% chance as early as next month. Bloomberg ETF analyst James Seyffart says it’s just a “matter of when, not if.’’

NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y

— James Seyffart (@JSeyff) June 20, 2025

If approved, Solana ETFs wouldn’t just be a major win for SOL holders — they would mark a watershed moment for the entire ecosystem, signaling Wall Street’s entry into one of the fastest-growing blockchains in crypto.

But with Solana’s network already grappling with periodic congestion and downtime, especially during bouts of meme coin mania, the big question is: Can it scale fast enough to handle the massive new institutional inflows that spot Solana ETFs would unleash?

That’s exactly where Solaxy comes in.

Solaxy: An Underdog That Aims To Take Solana Into The Future

Solaxy isn’t just another Solana project. It’s Solana’s first true Layer 2 scaling solution, built to supercharge transaction throughput and fix one of the network’s most pressing pain points: congestion.

By offloading transactions and optimizing execution, Solaxy will enable Solana to maintain high speeds even as usage surges, a critical feature if Solana ETFs attract even a small portion of the $131 billion now held by spot Bitcoin ETFs.

Its native token, $SOLX, powers this infrastructure, making it a leveraged bet on Solana’s future expansion.

Almost $57 Million Raised, 55 Billion $SOLX Burned

Investor interest in Solaxy has been surging, with the project raising over $56.3 million in its presale, making it one of the most successful of the year. And in a dramatic move designed to prime the token for launch, the team has burned a total of 55 billion $SOLX, or 40% of the total supply, across two transactions in the past week.

Another MASSIVE burn. 🔥

We’ve just burned 20,000,000,000 $SOLX, further tightening supply ahead of mainnet.

This follows our previous 35B $SOLX burn, bringing the total burn to 55 BILLION $SOLX – That's ~40% already burned!

View here: https://t.co/0izmHfkIJv

Less supply.… pic.twitter.com/Q7rIj0BCbc

— SOLAXY (@SOLAXYTOKEN) June 19, 2025

This aggressive supply reduction is designed to create scarcity and support an explosive launch.

Whale investors appear to have taken notice, swooping in with hundreds of thousands in fresh buys coming in transactions like this one for $49,369, this one for $35,436 and this one for $31,541.

It appears that smart money is scooping up the token in anticipation of some fireworks after launch on Monday, June 23.

The Solana ETF Trade You Might Be Missing

The bottom line is this: Wall Street wants Solana and Solana needs Solaxy.

If Solana ETFs are approved, most investors will rush into SOL. But $SOLX is a small-cap project that offers a way to gain leveraged exposure to the upside as Solana’s ecosystem expands.

For those looking beyond Monday’s launch and Solana ETF headlines, it’s hard to think of a project that’s better positioned to capitalize on the turbocharged momentum that’s likely to hit Solana after SOL ETFs arrive.

But with the Solaxy presale ending in only 39 hours, the window to get in on the ground floor is closing fast.

Learn more about Solaxy.

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