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Solaxy ($SOLX), the native token of Solana‘s first-ever Layer 2 solution and one of the most anticipated new cryptos, has entered the last 27 days of its presale, and investors (both retail and whales) can’t keep calm!
With an Einstein-like Pepe the Frog as its mascot, Solaxy aims to raise a total of around $74M in early investor funding. Generally, we’d call a goal this high too lofty, but for a revolutionary project like Solaxy, the sky’s the limit.
After all, Solaxy aims to solve congestion and scalability issues on Solana, one of the biggest blockchain networks today.
$SOLX Will Make Transactions on Solana Faster
Solana, in case you didn’t know, is the best blockchain for meme coins. It’s got everything meme coin traders want: speed, reliability, and low fees.
However, ever since the launch of $TRUMP and $MELANIA, as well as the explosive success of Pump.fun, Solana has become increasingly susceptible to overloading whenever there’s a spike in network activity.
By building the first-ever L2 on Solana, Solaxy aims to facilitate faster transactions while maintaining the network’s security and efficiency.
$SOLX uses a roll-up technology, which processes transactions off-chain and then bundles them for a single on-chain validation.
Doing so will benefit Solana in two ways:
- First, it will reduce network congestion by lowering the burden on Solana’s mainnet.
- Second, because each transaction will no longer be processed individually, the total fees required on Solana will also come down.
It’s worth noting that this technology also makes Solaxy ideal for high-frequency dApps, such as meme coin platforms, gaming ecosystems, and financial applications.
Increasing $SOLX Whale Activity
You don’t get to $38M in early investor funding without huge contributions from crypto whales.
Of course, we’ve seen unprecedented amounts of retail participation in the Solaxy presale, but whale activity holds special importance.
The most significant piece of positive news is that whale activity in $SOLX has increased over the past few days.
- Data from Etherscan shows that a whale gobbled up $200K worth of $SOLX on May 9.
- Another record indicates that a whale purchased $242K worth of $SOLX on March 2.
- A whale acquired 9.7M $SOLX tokens worth $16.5K on March 14.
- Most recently, a whale purchased around $400K worth of $SOLX on May 14.
As mentioned earlier, interest from whales is always a good sign for any new meme coin on presale. It indicates that the project is more than just hype and actually can deliver on its promises.
Oh, and it’s worth mentioning that Solaxy is unlike other meme coins in that it has real-world applications, too. When $PEPE alone has recorded triple-digit gains in the last few months, imagine what a utility-driven Pepe could do!
An increase in whale participation is also one of the biggest reasons we believe Solaxy may have the legs to reach its goal of $74M in the next 27 days.
To learn more about Solaxy, read through its whitepaper. As the presale is heading towards a close, we’d also suggest subscribing to Solaxy’s X feed and Telegram channel for regular updates.
Recent Solaxy Developments
A close look at Solaxy’s tokenomics reveals that the developers’ core focus is on project development. A total of 30% of the 138B $SOLX token supply is reserved for funding technological advancements and dApp support.
Another 20% is reserved to ensure the long-term financial stability of the project, and a chunky 25% has been kept for staking rewards and ecosystem incentives.
It’s worth noting that Solaxy also offers dynamic staking rewards, meaning you can stake your purchase tokens to earn extra income.
The current APY is around 106%, but note that the rate of return is expected to decrease as more and more participants buy $SOLX during the last stage of the presale. So, this might be your last chance to earn some handsome staking rewards.
Moreover, the Solana Testnet bridge, which enables users to transfer native $SOL tokens between the Solana Devnet and the Solaxy Testnet, went live on May 15.
This marks a significant step towards cross-chain interoperability and full blockchain compatibility. Solaxy will soon launch Ethereum bridging for the mainnet as well.
Along with this, a new block explorer feature was also launched. It allows you to monitor transactions on a layer-2 network in real time.
Become an Early Investor in the Solaxy Presale
As mentioned earlier, Solaxy is currently in presale, meaning you can buy it for some of its lowest-ever prices.
Each token is currently priced at just $0.00173, and according to our $SOLX price prediction, it could reach $0.2 by the end of 2030 – a brain-melting 11,560% increase.
Simply put, $100 invested in $SOLX now could become $11,560 in around five years. No wonder Solaxy is one of the best cryptos to invest in right now.
Buying $SOLX is straightforward, too. Just head over to the official Solaxy presale website and connect your crypto wallet. We recommend Best Wallet for this.
Next, punch in the number of $SOLX tokens you want to buy. Alternatively, you can input the money you’re willing to invest. Finally, authorize and complete the transaction from your crypto wallet.
On the claim date, you’ll again have to connect your crypto wallet to the Solaxy presale website and claim your tokens. Following this, you’ll receive them in your crypto wallet.
For more information about the purchase process, check out our step-by-step guide on how to buy Solaxy.
Finally, kindly bear in mind that investments in crypto are subject to market volatility, which is highly unpredictable. We recommend that you do your own research before investing. This article is not financial advice.
