Crypto Investors Push Solaxy Layer-2 Project Toward $13M as TRUMP Coin Triggers Solana Congestion Issues
The $TRUMP token made headlines after reaching a staggering $15 billion market cap over the first weekend of launch.
Solaxy ($SOLX) is taking the crypto world by storm, raising an impressive $12.8 million to date in its presale. This uptick in funds raised comes following the launch of Donald Trump’s very own meme coin, Official Trump ($TRUMP), which launched on January 18 and sent shockwaves across the market.
Bitcoin ($BTC) surged to a new high of $109K, while Solana ($SOL), the blockchain powering $TRUMP, climbed from $200 to $286 before correcting to $240.
Yet, the excitement has pushed Solana’s network to its limits, spotlighting its scalability and congestion issues. Enter Solaxy ($SOLX), the Layer-2 solution poised to save the day. Designed to address Solana’s performance bottlenecks, Solaxy ensures faster and more efficient transactions, even during peak activity.
Priced at just $0.001608 in its current presale round, $SOLX offers investors a chance to secure tokens before prices rise in later rounds.
$TRUMP’s Popularity Overwhelms Solana, Solaxy Emerges as a Vital Layer-2 Answer
On January 18, 2024, the $TRUMP token unexpectedly burst into the crypto scene. Within hours of launch, $TRUMP reached an all-time high of $72 and a jaw-dropping $15 billion market cap, placing it among the top 20 cryptocurrencies by valuation.
The frenzy didn’t stop there. Just two days later, Melania Trump introduced her own $MELANIA token, shaking up the markets even further. The launch briefly caused $TRUMP’s price to dip by 40%, correcting it from $72 to $44.
The Official Melania Meme is live!
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
At the time of writing, $TRUMP is trading at $41 with a market cap of $8.2 billion. According to DEXTools data, $TRUMP originally launched at $0.1824 per token. This means that early investors have enjoyed astronomical gains of over 21,829%.
With the newly inaugurated U.S. president and first lady entering the meme coin market, their involvement could ignite a wave of new token launches. This is especially true with Donald Trump’s office suggesting crypto-friendly policies.
This trend is already extending to Solana, where an influx of celebrity-themed meme coins such as Mother Iggy ($MOTHER) and Jason Derulo ($JASON) have taken center stage.
However, this rapid success has pushed Solana’s network to its limits, causing congestion and highlighting its scalability issues.
As Solana’s ecosystem grapples with skyrocketing demand, Solaxy’s innovative L2 solution positions it as a crucial player in solving network congestion, naturally leading to a growing interest in the ongoing $SOLX presale.
Solaxy’s L2 Network Emerges as a Solution to Solana’s Scalability Issues
Solaxy ($SOLX) is a project created with the aim of transforming Solana into a more powerful and reliable blockchain. By addressing key issues like congestion and failed transactions through its Layer-2 blockchain, Solaxy ensures seamless operations even during high-demand periods.
The recent frenzy sparked by $TRUMP and $MELANIA tokens has pushed Solana’s network to its limits, exposing its scalability bottlenecks. Solaxy’s goal is to step in as the essential upgrade, delivering lightning-fast speeds and zero downtime while enhancing Solana’s overall performance.
The project addresses Solana’s pain points with groundbreaking off-chain processing, which reduces the load on Solana’s Layer-1 network. This ensures uninterrupted service even during network surges.
By bundling and processing transactions while only finalizing them directly on Solana’s mainnet, Solaxy keeps costs low and scalability high, making it ideal for the increasing demand driven by meme coins.
Developers can rely on Solaxy’s modular infrastructure to create fully customized decentralized applications (dApps) while enjoying unmatched stability. Whether launching new tokens or building high-traffic applications, Solaxy empowers developers to push boundaries without compromising reliability.
With its ability to maintain network performance during high activity, Solaxy ($SOLX) is positioning Solana as the ultimate blockchain for future meme coin launches and beyond.
Analysts Bullish on $SOLX As the Presale Closes in on $13 Million
Renowned crypto influencer ClayBro has highlighted the surge in interest surrounding $SOLX, crediting the buzz created by the launch of the presidential meme coins as a driving force behind its growing demand.
A popular crypto YouTuber with over 135,000 subscribers, ClayBro suggested that the $TRUMP token could act as a catalyst to further push $SOLX’s growth.
ClayBro had the following to say in his recent YouTube video – ‘You’re already seeing some congestion, you’re already seeing elevated trading fees, you’re already seeing a need for a Layer-2 blockchain.’
Solaxy Token Just Got a Huge New Catalyst With The New Trump Coin!
ClayBro refers to how the $TRUMP token launch is already pushing the Solana blockchain to the brink, leading to a growing need for an efficient L2 solution. Further solidifying his interest in the token, ClayBro highlights $SOLX’s multi-utility benefits in the form of the staking rewards.
At press time, $SOLX token holders can stake their holdings and secure a dynamic APY (annual percentage yield) of 294%. 3.9 billion of the entire 138.046 billion token supply is already staked on the ecosystem.
Interested investors can visit the Solaxy presale website and purchase $SOLX with compatible tokens, including Ethereum ($ETH), Tether ($USDT), and BNB ($BNB), as well as with their bank cards.
Alternatively, $SOLX can be purchased directly on the Best Wallet app under the ‘Upcoming Tokens’ section. This top non-custodial wallet app is available on both Google Play and the Apple App Store.
To stay tuned for further updates, follow the project on X and join its Telegram channel.
This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.
Brave New Coin reaches 500,000+ engaged crypto enthusiasts a month through our website, podcast, newsletters, and YouTube. Get your brand in front of key decision-makers and early adopters. Don’t wait – Secure your spot and drive real impact in Q1. Find out more today!
