After the $TRUMP and $MELANIA cash launched on the Solana blockchain this weekend, SOL is up 45.57 %, surpassing $10B TVL (Complete Worth Locked) for the primary time for the reason that FTX collapse two years in the past.
Nonetheless, this success has not come with out its challenges. As Solana struggles to cope with the congestion attributable to an unprecedented (no pun supposed) surge in transactions, this Solana Layer-2 answer, Solaxy ($SOLX), couldn’t come up at a greater time.
On 19 January, the $SOL value soared to a brand new all-time excessive above $290 and a market cap above $128B in direct relationship to the mania across the Trump-family meme cash.
Can $TRUMP & $MELANIA Get Alongside?
First got here $TRUMP after incoming US president Trump introduced his official meme coin on X late on Friday, 17 January.
The $TRUMP meme coin attracted large buying and selling volumes of some $3B over the weekend, reaching its peak at $6B in market cap and $30B in absolutely diluted worth inside 24 hours.
Trump’s coin went on to develop into the third-largest cryptocurrency throughout all blockchains by way of market capitalization by Sunday, earlier than immediately falling again, simply because the MELANIA coin launched and began gaining traction.
A Powerful Act to Observe
Like her husband’s coin earlier than her, $MELANIA shot the lights out, surging over 21,000% and reaching $12B in lower than three hours from launch on Sunday, 19 January.
Certainly, the 2 Trump household meme cash despatched visitors on Solana ($SOL) by means of the roof over the weekend. Whereas this helped $SOL generate over $35 million in charges and at the very least $14 million in income, the pre-inauguration surge additionally led to a few of Solana’s ecosystem purposes, like Jito and Phantom reporting technical difficulties and delays.
Because the strain on Solana’s blockchain mounts, a undertaking like Solaxy ($SOLX) is in an awesome place to make its debut.
What Is Solaxy?
Solaxy is the token powering the first-ever Layer-2 (L2) blockchain constructed on Solana. The L2 Solana community will sort out the community congestion, scalability points, and failed transactions we’ve seen throughout this current peak buying and selling exercise.
Whereas the Layer 2 gained’t be able to take the strain off throughout this present TRUMP surge, it can lay the inspiration for Solana’s future enlargement.
$SOLX relies on Ethereum and goals to faucet into the liquidity of Ethereum to reinforce Solana, enabling sooner, cheaper, and extra dependable transactions at a scale beforehand unseen.
The $SOLX token presale launched on December 12, 2024, and has already raised near $12M ($11.93M). Up to now, the token value has gone from $0.001 to over $0.0016 — a 60% improve, reflecting vital investor curiosity.
With demand for Solana’s infrastructure solely rising, analysts imagine Solaxy may attain $0.025 by the tip of 2025, providing potential returns of 1,462.5% for presale traders, with even increased features for the early adopters. Early $SOLX traders additionally profit from dynamic staking rewards, at present providing 306% annual returns.
The Solaxy community continues to be below growth and is simply slated for launch later this yr, however its promise to handle Solana’s ache factors has already attracted marked curiosity, as its rising group on Telegram and 61K follower rely on X testify.
Solaxy to Rise 100x?
As Solana’s galaxy of meme cash continues to develop, Solaxy’s positioning as an L2 undertaking for the meme coin market, together with its enticing early investor rewards, may set it as much as develop into Solana’s subsequent 100x coin by the yr’s finish.
Nonetheless, as with all new cryptocurrency, the dangers stay, and you must all the time do your individual analysis and by no means make investments greater than you possibly can afford to lose. This isn’t monetary recommendation, and whereas some make billions, others can lose nice parts of their financial savings by betting on meme cash making it large.
