Raising more than $1.5 million between May 18th and 21st, Solaxy (SOLX) is rapidly approaching the $40 million mark as the presale nears its end.
Let’s take a look at what makes Solaxy a unique addition to the meme coin space and how it intends to help Solana users avoid the network’s congestion-related issues.
Renewed Investor Interest in Solana Paves the Way for Solaxy’s Explosive Debut
With Bitcoin (BTC) surging past the $100,000 mark in mid-May, while the broader crypto market cap stands at $3.35 trillion, altcoins are now gaining momentum. Solana (SOL) saw its price reach $184 on May 14th, while its ecosystem’s meme coins surpassed $13 billion in total value.
Solana-based tokens like Peanut the Squirrel (PNUT) and dogwifhat (WIF) are now boasting triple-digit gains over the past 30 days, despite having limited infrastructure and use cases.
In comparison, Solaxy intends to join the market with a Layer 2 solution for Solana and a feature-rich ecosystem designed to benefit Solana’s users, which could position it for much larger gains on launch.
Leveraging rollups, its Layer 2 blockchain will ensure transactions on Solana remain fast and reliable even during high-traffic hours, which have previously seen transactions fail or take days to finalize.
With Solana’s on-chain metrics improving over the past month, with total value locked (TVL) at a massive $9.2 billion, which places it above BNB Smart Chain, Base, Tron, and most other chains, Solaxy’s solution could be arriving at a perfect time.
Thanks to its utility, Solaxy has seen a spike in whale activity this month, with two whales spending $200,000 and nearly $400,000 to secure a significant share of SOLX in the month’s first half alone.
Solaxy Token Launchpad and Cross-Chain Swaps Fuel Investor Excitement
While the potentially faster transaction speeds and lower gas fees for Solana users are already a reason to celebrate Solaxy’s launch, the project will roll out many more features.
The team behind SOLX has now officially announced the Igniter Protocol, Solaxy’s token launchpad that will help its users launch new tokens even with no previous experience. The announcement seems to resonate with investors, as it was immediately followed by mass investments that added over $1 million to Solaxy’s funds counter.
Plus, the Solaxy bridge, of which the testnet version is now live, will allow the ecosystem’s users to seamlessly transfer assets between Ethereum, Base, and Solana.
That means the chain could experience a massive influx of activity as new tokens that can tap into Ethereum’s high-liquidity DeFi network and Solana’s impressive speeds start appearing.
Calling Solaxy a “big move for the crypto space,” 99Bitcoins, a team of presale experts, is confident that SOLX is Solana’s next 100x meme coin.
Highlighting the impressive growth of its community and the momentum it maintained even during the market-wide dip in February and March, the experts urge their audience to add Solaxy to their portfolios before the presale wraps up.
Now is the Time to Buy SOLX at the Lowest Price
Solaxy achieved an early presale momentum by offering two distinct benefits to early investors, including a lower per-token price and higher staking rewards, since both are dynamic.
Those purchasing and staking SOLX now can secure 104% annual returns, which will decrease based on total pool participation, meaning early backers stand to earn the best rewards.
Staked tokens will become available seven days after the Token Generation Event (TGE), with the lock-up system preventing mass sell-offs after Solaxy secures its first DEX listings, fostering a safer trading environment.
Additionally, the project’s developers set aside 10% of the total token supply for liquidity, which reduces the risk of a rug pull and lowers slippage.
Investors can purchase the token via the presale website, with Best Wallet being an excellent alternative as it is the official self-custody partner for Solaxy. Purchasing SOLX via Best Wallet allows users to monitor their Solaxy holdings in real-time, a feature most competing wallets lack.
The current per-token price of SOLX, $0.00173, is set to increase to $0.00179 as time passes and the demand for SOLX rises, according to the project’s whitepaper. On average, the price increases occur every two days, leaving investors with limited time to secure their share of the token at a low entry point.
