{"id":619828,"date":"2025-01-20T17:59:58","date_gmt":"2025-01-20T17:59:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=619828"},"modified":"2025-01-20T17:59:58","modified_gmt":"2025-01-20T17:59:58","slug":"official-trump-coins-415-65x-surge-causes-solana-congestion-as-bulls-pivot-to-12-4m-solaxy-its-first-layer-2-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/official-trump-coins-415-65x-surge-causes-solana-congestion-as-bulls-pivot-to-12-4m-solaxy-its-first-layer-2-ico","title":{"rendered":"Official Trump Coin&#8217;s 415.65x Surge Causes Solana Congestion As Bulls Pivot To $12.4M Solaxy, Its First Layer-2 ICO"},"content":{"rendered":"<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy ($SOLX)<\/a> has demolished expectations, raising a massive $12.4 million in its ICO following the explosive &ndash; and controversial &ndash; launch of Solana&rsquo;s newest meme coin, Official Trump ($TRUMP), on January 18.<\/p>\r\n<p>The crypto world is still processing the aftermath of the stunning development after the $TRUMP token&rsquo;s eye-popping 415.65x return over the weekend. That triggered surging trading volume that pushed the Solana network to its limit. Just days after trading below $200, $SOL itself is now surging past $260.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The congestion on the Solana network has prompted investors to seek relief from its first Layer-2 solution, Solaxy, banking on its potential to solve this persistent issue.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Originally launched on Ethereum, bridging two of the biggest DeFi ecosystems, Solaxy is now open to Solana users as well, giving investors access across both chains.&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Now, Solana and Ethereum users can purchase <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">$SOLX at $0.001608 per token<\/a> for the next 44 hours before the price increases to mark the next funding stage.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-trump-and-melania-cause-network-congestion-calling-for-the-aid-of-solana-s-first-layer-2-chain-solaxy\" class=\"wp-block-heading\">$TRUMP And $MELANIA Cause Solana Network Congestion &ndash; Solaxy To the Rescue&nbsp;<\/h2>\r\n<p class=\"wp-block-heading\">Official Trump launched on Solana at 2 a.m. UTC on Saturday, catching many by surprise with a meme coin release just ahead of his inauguration on Monday.<\/p>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Initially doubted as a scam, the token gained legitimacy after official posts on Donald Trump&rsquo;s accounts &ndash; first on Truth Social and then on his official X account &ndash; appeared to confirm its authenticity.<\/p>\r\n<p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">My NEW Official Trump Meme is HERE! It&rsquo;s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> NOW. Go to <a href=\"https:\/\/t.co\/GX3ZxT5xyq\">https:\/\/t.co\/GX3ZxT5xyq<\/a> &mdash; Have Fun! <a href=\"https:\/\/t.co\/flIKYyfBrC\">pic.twitter.com\/flIKYyfBrC<\/a><\/p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1880446012168249386?ref_src=twsrc%5Etfw\">January 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<!-- \/wp:embed -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>According to <a href=\"https:\/\/www.dextools.io\/app\/en\/token\/gettrump?t=1737379441701\">DEXTools data<\/a>, from a starting price of $0.1824, $TRUMP surged to a high of $75.83 &ndash; a staggering 41,565.7% jump in just over two days. The trading volume was significant enough to propel $TRUMP to a market cap of $14 billion, although it currently sits at $10 billion. It still ranks among the top 20 most valuable crypto assets and in the top three meme coins, surpassing Pepe ($PEPE).<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Less than 24 hours later, a follow-up token for the incoming first lady, Official Melania ($MELANIA), was announced via Melania Trump&rsquo;s official X account. As of Monday, $MELANIA quickly rose to the top 60 crypto assets.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>However, the surge in trading activity from $TRUMP and $MELANIA led to the familiar problem of network congestion on Solana.&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Yet, while many users have voiced frustration over the network&rsquo;s inability to handle the increased traffic, others have shifted their sights to its first Layer-2 solution, <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy<\/a>, which aims to address Solana&rsquo;s congestion issues.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-building-a-better-trading-platform-for-solana-based-meme-coins-like-trump-and-melania-is-solaxy\" class=\"wp-block-heading\">Solaxy Is Building A More Efficient Trading Platform For Solana-Based Meme Coins Like $TRUMP And $MELANIA<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy<\/a> has been in presale for just over a month, and early investors are already scooping up $SOLX tokens at lightning speed as they position themselves in what could be the solution to not only Solana&rsquo;s congestion issues, but its pesky transaction failures and scalability woes as well.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Essentially, Solaxy is an enhancement to Solana, which will allow developers to build decentralized applications or launch new tokens without compromising and even improving Solana&rsquo;s Layer-1 capabilities.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The end result? Solaxy will supercharge Solana, making it far more capable of handling increased activity with a dramatically lower risk of transaction failure. When launched, it promises to significantly boost network stability and capacity, especially during times of high demand.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Thus, Solaxy positions Solana as a much more powerful chain for trading meme coins &ndash; one that won&rsquo;t buckle under pressure as it did with $TRUMP and $MELANIA over the weekend.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Popular crypto influencer ClayBro has taken note of the presidential meme coin bonanza and shared his insights on how it has fueled demand for $SOLX.<\/p>\r\n<p><iframe title=\"Solaxy Token Just Got a Huge New Catalyst With The New Trump Coin!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/YW_IKvrGtcU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-the-launch-of-more-trump-family-meme-coins-could-drive-up-solana-s-activity-making-the-need-for-solaxy-even-more-urgent-nbsp\" class=\"wp-block-heading\">More Trump Family Meme Coin Launches Might Increase Solana&rsquo;s activity, Heightening Need For Solaxy&nbsp;<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Celebrity meme coins have already become a major trend since meme coins surged as a legitimate sector of crypto in 2024.&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Coins like Mother Iggy ($MOTHER), Jason Derulo ($JASON), and Caitlyn Jenner ($JENNER) have popped up, with more celebrities diving into the crypto space.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>With the new U.S. president and first lady making their meme coin debut, their presence could spark a fire, leading to even more tokens to follow suit. Pawe&#322; &#321;askarzewski, CEO and co-founder of Nomad Fulcrum hedge fund, even took to X, stating that the entire Trump family could be next.<\/p>\r\n<p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">What the fuck is happening! &#129315;<br><br>&#128680; First Lady <a href=\"https:\/\/twitter.com\/MELANIATRUMP?ref_src=twsrc%5Etfw\">@MELANIATRUMP<\/a> just launched her own memecoin! &#128184;<a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> and $MELANIA are generating insane volumes, and <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> plummeted by $7B in just one minute.<br><br>2025 bingo, anyone? &#128064;<br>Will we see more Trump family memes? <a href=\"https:\/\/t.co\/dqxWasbZTi\">pic.twitter.com\/dqxWasbZTi<\/a><\/p>&mdash; Pawe&#322; &#321;askarzewski (@PawelSynapse) <a href=\"https:\/\/twitter.com\/PawelSynapse\/status\/1881144667359805833?ref_src=twsrc%5Etfw\">January 20, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<!-- \/wp:embed -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The trend may spill over into Solana, with new meme coins launching on the blockchain, potentially triggering another surge in activity that could congest the Layer-1 network. But that&rsquo;s not all &ndash; this momentum could fuel newer token launches, especially on platforms like Pump.fun.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>What all of this underscores is the urgent need for a solution to resolve Solana&rsquo;s existing issues if users want to maximize their trading potential.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>And with all eyes on it, everyone is eagerly awaiting the grand debut of <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy<\/a> to step in and save the day.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-solx-could-reach-a-billion-dollar-valuation-being-the-first-layer-2-on-solana\" class=\"wp-block-heading\">$SOLX Has Billion-Dollar Valuation Potential As Solana&rsquo;s First Layer-2<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Solaxy&rsquo;s presale is quickly approaching the $13 million mark, and this surge highlights how much the Solana community is recognizing the potential value of their $SOLX holdings in the future.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Layer-2 solutions on Ethereum have grown into a $15.6 billion market, with the top five projects each valued at over a billion dollars. Solaxy holds similar potential, as the scalability issues with Solana are already evident, and Solaxy is arguably the best solution to address them.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>To participate in Solaxy&rsquo;s launch and contribute to its success, visit the <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy website<\/a> and connect your wallet, such as <a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\">Best Wallet<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Best Wallet, a leading next-gen crypto wallet, has added Solaxy to its &ldquo;Upcoming Tokens&rdquo; list. This feature has consistently spotlighted promising projects, including successful picks like Pepe Unchained ($PEPU) and Catslap ($SLAP).<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>For Best Wallet users, purchasing $SOLX is seamless and can be done directly within the app.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Stay updated with the latest developments by joining the Solaxy community on <a href=\"https:\/\/x.com\/SOLAXYTOKEN\">X<\/a> and <a href=\"https:\/\/t.me\/solaxytoken\">Telegram<\/a>.&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Visit Solaxy<\/a>.<\/p>\r\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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Can Solaxy, the network&#039;s first Layer-2, fix it?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Official Trump Coin&#039;s 415.65x Surge Causes Solana Congestion As Bulls Pivot To $12.4M Solaxy, Its First Layer-2 ICO\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-20T17:59:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy_presale_10M.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michael Abetz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Abetz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828\"},\"author\":{\"name\":\"Michael Abetz\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/b1e832270e586ba2e1f1f920b29c8121\"},\"headline\":\"Official Trump Coin&#8217;s 415.65x Surge Causes Solana Congestion As Bulls Pivot To $12.4M Solaxy, Its First Layer-2 ICO\",\"datePublished\":\"2025-01-20T17:59:58+00:00\",\"dateModified\":\"2025-01-20T17:59:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828\"},\"wordCount\":986,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy_presale_10M.png\",\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828\",\"name\":\"Official Trump Causes Solana Congestion - Can Solaxy Fix It?\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/619828#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/solaxy_presale_10M.png\",\"datePublished\":\"2025-01-20T17:59:58+00:00\",\"dateModified\":\"2025-01-20T17:59:58+00:00\",\"description\":\"The explosive launch of the Official Trump ($TRUMP) meme coin caused congestion on Solana. 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