Missed PENGU and FARTCOIN? Don’t Worry, This New Solana Meme Coin Promises Bigger Gains in 2023

The Solana meme coin sector is like a story for itself. What I mean by this is basically there are memes pumping even though the market is crashing.

Solana meme coins have been on a roll lately, even as the broader market continues to slide. While most meme coins have been struggling in recent weeks, two Solana meme coins - Fartcoin and Pengu - managed to generate huge gains, boasting market caps of over $1 billion. Those who got in early on these coins could have seen substantial profits.

However, if you weren't able to capitalize on these gains and are now wondering about the next big meme coin to buy on Solana, Solaxy might be on your radar.

Solaxy is bringing something new to the Solana ecosystem - it's the first Layer 2 protocol built specifically for Solana. While other projects prioritize memes and marketing, Solaxy aims to solve real problems by enhancing Solana's performance and scalability with its secondary layer.

The project utilizes advanced rollup technology to bundle multiple transactions before settling them on Solana's mainnet. This not only accelerates transaction processing but also drastically reduces fees for users. For those who encounter occasional network congestion on Solana, Solaxy aims to provide a reliable solution for keeping transactions flowing smoothly.

The project has already gained significant traction in its early stages. Its presale has managed to raise an impressive $3.5 million in just a week. Another interesting aspect is that the SOLX price increases in presale every 48 hours. Currently, it's priced at just $0.001572.

Major crypto influencers are starting to take notice - notably, the 99Bitcoins YouTube channel, with over 717k subscribers, just highlighted Solaxy as a potential 100x meme coin.

What's particularly intriguing about Solaxy is its multi-chain approach. Its native token $SOLX operates on both Solana and Ethereum networks, allowing users to benefit from Ethereum's established ecosystem while enjoying Solana's speed advantages. Early buyers can stake their tokens to earn rewards, with APY rates that could reach up to 1,100%, although these rates are designed to adjust over time for sustainability.

The project has a total supply of 138 billion tokens, with a clear allocation strategy: 30% for development, 25% for rewards, 20% for treasury, 15% for marketing, and 10% for liquidity. This distribution seems to prioritize long-term development over short-term hype.

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It's important to note that the project's success will largely depend on its ability to deliver on its technical promises and maintain community engagement beyond the initial hype phase. But for now, this one seems strong and well-positioned to perform both in presale and post-launch.

Don't be disheartened if you missed out on PENGU, FARTCOIN, or any other recent Solana meme coin pumps - we're in what appears to be a fresh bull run, and new opportunities are constantly emerging in the crypto space. With its unique Layer 2 technology and strong presale performance, Solaxy could be the next project we've been looking for in the Solana ecosystem.

Check out: Best Meme Coins to Buy on the Dip With 100x Potential - SOLX Makes the List