Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solaxy’s ICO has surpassed $15 million, drawing investor interest as it aims to solve Solana’s congestion issues and boost scalability. Table of Contents Solana’s path to $400 and beyond Solaxy: Strengthening Solana’s ecosystem Investors rush to participate in Solaxy’s presale The Solaxy (SOLX) presale has reached a significant milestone, surpassing $15.6 million in total funding. This marks a sharp rise from last Monday’s $12.4 million, showcasing the growing enthusiasm among investors. The surge in interest coincides with Solana’s (SOL) recent network congestion, driven by heightened activity following the launch of Trump-themed meme coins. Despite these challenges, the outlook for SOL remains optimistic, with market data suggesting it could hit $400 by February. Key factors driving this bullish sentiment include increased network activity, the rising popularity of meme coins, upcoming Solana ETFs, and reports of an altcoin reserve fund associated with Donald Trump, aimed at supporting US-based cryptocurrencies like Solana and Ripple (XRP) . As the first-ever Layer-2 scaling solution for Solana, Solaxy is also poised to benefit from the growing adoption of the network. With a presale price of just $0.001616, SOLX offers early investors an opportunity to participate in an up-and-coming project poised to redefine Solana’s scalability. Solana’s path to $400 and beyond Solana recently hit a record high of $293, fueled by demand for meme coins like Official Trump (TRUMP) and Official Melania (MELANIA) . These tokens generated billions in trading volume during their launch despite causing temporary network congestion. Investors are confident in SOL, as demonstrated by large OTC deals. One noteworthy development last week was a major SOL options block trade on Deribit, executed via the OTC network Paradigm. The trade speculates on a 60.3% price increase, with SOL projected to hit $400 by February. Deribit @DeribitExchange options suggest traders are preparing for a $400 $SOL by end of February. A significant $SOL options block trade crossed the tape on Deribit via the OTC network @paradigm late Monday, suggesting expectations for a price rally to $400 by the end of… — MartyParty (@martypartymusic) January 22, 2025 This institutional interest underscores expectations for a strong performance, driven by expectations that Solana can manage its network more effectively. Solaxy’s Layer-2 solution is poised to play a critical role in addressing these challenges, enhancing transaction efficiency and stability during periods of high demand. Solaxy: Strengthening Solana’s ecosystem Solaxy is designed to tackle Solana’s recurring congestion issues, ensuring the network remains reliable during peak usage. By reducing transaction failures and improving user experience, Solaxy positions itself as a vital extension of Solana’s infrastructure. As meme coins like TRUMP and MELANIA drive network demand, Solaxy’s capabilities further enhance Solana’s reputation for high-speed, low-cost transactions. This synergy between Solana and Solaxy is expected to lead to parallel growth for both platforms, with Solaxy amplifying Solana’s strengths while carving its own path in the market. Crypto influencer ClayBro highlighted that the demand for TRUMP and MELANIA has accelerated Solaxy’s presale progress, adding to its momentum. Should SOL reach $400, SOLX is well-positioned to deliver significant returns for its investors. Investors rush to participate in Solaxy’s presale Investors can support Solaxy’s integration into the Solana ecosystem by participating in its presale. In order to participate in the presale, investors can simply visit the official Solaxy website, where they can connect their wallets and purchase SOLX tokens directly using SOL. For a more streamlined experience, investors can also use Best Wallet, a next-generation multichain wallet tailored to the dynamic crypto market. Supporting both Ethereum and Solana, Best Wallet offers low transaction fees, seamless cross-chain integration, and powerful tools like its project screener, designed to spotlight promising investments. Notably, Solaxy is featured in Best Wallet’s “Upcoming Tokens” screener, highlighting it as a standout project with significant potential for success upon exchange listing. With Best Wallet, acquiring SOLX is fast and hassle-free, all within the app. With less than two days left before the next price increase, early adopters have a window to secure SOLX at its current price. To stay updated on Solaxy’s latest developments, join the community on X and Telegram . For more information, visit Solaxy’s official website . Read more: Solaxy presale raises $4.5m for Solana layer 2 solution, could be next crypto to explode Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
