One of this year’s hottest crypto presales, Solaxy (SOLX), is finally hitting the open market tomorrow, June 23rd.
A meme coin and the first prominent Solana layer-2 coin, Solaxy, has caught the attention of whales and smart money investors, raising over $56.7 million in its ICO.
Even with just hours left in its presale, the buys continue to pour in as SOLX is raising nearly $1 million every day.
The strong whale demand is indicative of high upside potential, with many prominent analysts eyeing between 10x and 100x returns from it. Considering the multibillion-dollar valuations of other top Layer-2 coins, some have even called Solaxy the next 1000x crypto.
Solaxy: A Full-Stack Layer-2 Ecosystem Within Solana
Solana has clearly been the breakout winner of this bull cycle, and there’s little indication that momentum is shifting anytime soon.
The $SOL price rallied from its FTX crash lows of $9 to just shy of $300 when US President Donald Trump launched his meme coin. Meanwhile, the Solana blockchain saw rapid adoption and rising institutional interest, quickly becoming the go-to hub for meme coins and the launchpad for nearly everything new in crypto.
Unsurprisingly, Solaxy, which is building a Layer-2 ecosystem with Solana, is in high demand.
The project aims to tackle Solana’s network congestion issues, which tend to spike during periods of high activity, especially during meme coin seasons when transaction volume surges.
Solaxy’s cutting-edge layer-2 chain tackles the issue through its zero-knowledge rollup, a deterministic sequencer and a sophisticated state change function. It processes SOL transactions off-chain and publishes the state change on the mainnet, which results in low-latency transactions, high scalability and zero downtime, even during high traffic.
The Solaxy Testnet is already live, and the mainnet is expected to launch on July 7th.
However, Solaxy isn’t just a Layer-2 chain, rather a full-stack ecosystem within Solana. It will soon launch a Hyperlane-powered multi-chain bridge, connecting Solaxy to Ethereum, Solana, and every popular blockchain for excellent interoperability.
Much to the surprise of meme coin enthusiasts, Solaxy has also announced its competitor to Pump.fun, called the Igniter Protocol, which will launch on 14th July. SOLX holders will be able to launch their own meme coins, which will then launch on the Solaxy DEX before going live on other prominent CEXs.
Check out the Solaxy whitepaper or its developer updates for more information regarding the project.
SOLX – The Next 1000x Crypto?
Solaxy has caught the attention of whales and smart money investors from very early in its presale, a clear sign of high upside potential.
SOLX has recorded a string of six-figure investments, with a whale buying nearly $400k worth of the Solana meme coin.
The strong demand isn’t a surprise. The top layer-2 coins across ecosystems, including Bitcoin’s Stacks and Ethereum’s Arbitrum and Optimism, tend to reach multibillion-dollar valuations.
Meanwhile, Pump.fun’s staggering revenue indicates the strong demand for new meme coin launchpads as well. In fact, new Solana decentralized applications, including launchpads, bridges and DEXs, have been among the top revenue-generating products during this bull cycle.
Unsurprisingly, Solaxy is well-placed to benefit from Solana’s rapidly growing adoption. Meanwhile, its developer team continues to build up the hype through new initiatives, recently burning 40% of the SOLX token supply and massively benefiting the early presale buyers.
Investors should follow the project’s X and Telegram accounts for more information.
Considering its small market capitalization and unique value proposition, several analysts are anticipating 10x to 100x returns from SOLX. Others have gone a step further, calling it the next 1000x crypto.
Either way, the time has almost run out for sidelined investors. They now have less than 24 hours at press time to buy SOLX at its presale price, before the token price surges following its launch. SOLX will go live on exchanges at 1 PM on June 23rd.
Interested buyers can invest in Solaxy with just a few clicks using the OTC widget on its presale website. Alternatively, they can use the Best Wallet app, which allows users to invest in the hottest presale coins without leaving the app.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
