Solaxy ($SOLX) Rakes in $13 Million in Presale as Solana ($SOL) Congestion Soars Due to $TRUMP and $MELANIA Meme Coins

The presale for Solana’s first ever layer 2 scaling solution, Solaxy ($SOLX) has raked in $13 million in its presale

Solana’s first Layer-2 scaling solution, Solaxy ($SOLX), has raised $13 million in its presale, following the surprise release of Solana’s latest political parody meme coin, Official Trump ($TRUMP), on January 18.

$TRUMP’s explosive performance, yielding a staggering 415.65x return over the weekend, has not only propelled the token price to astronomical heights but also generated significant buzz throughout the Solana ecosystem.

Solana’s native token, $SOL, has experienced a remarkable surge in the wake of $TRUMP’s debut. Priced at $200 just four days ago, $SOL rallied to $260 yesterday before稍稍回落至 $245.

The increasing traffic on Solana has steered many users toward Solaxy, which is now available to both Solana and Ethereum users, bridging two of the largest DeFi ecosystems.

Solana and Ethereum users can now purchase $SOLX at $0.00161 per token for the next 47 hours, after which the price will gradually increase as the presale progresses to its next funding stage.

$TRUMP and $MELANIA are making Solana a very crowded place. Enter Solaxy.

At 2AM UTC on Saturday, Official Trump hit Solana, arriving just in time to serve as a viral precursor to his inauguration on Monday.

Initially dismissed as a potential scam, the token gained credibility after posts on Donald Trump’s official Truth Social and personal X accounts—ostensibly confirmed its authenticity.

Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC

— Donald J. Trump (@realDonaldTrump) January 18, 2025

According to DEXTools, $TRUMP surged to a high of $75.83 from a starting price of $0.1824—a giant 41,565.7% leap in little more than two days.

The data suggests that trading volume was sufficient to propel $TRUMP to a $14 billion market cap, although it currently sits at $7.78 billion.

It still ranks among the top 20 most valuable crypto assets and in the top three meme coins, surpassing Pepe ($PEPE), which had held a steadfast third place for as long as anyone can remember in the fast-moving crypto world.

Barely 24 hours later, a token for Melania Trump, the incoming first lady, was announced via her official Twitter, Official Melania ($MELANIA). As of Monday, $MELANIA quickly rose to the top 60 crypto assets.

All this activity has now made Solana a pretty congested place to be, thanks largely to $TRUMP and $MELANIA.

Yet, while many users have voiced frustration over the network’s inability to handle the increased traffic, others have shifted their sights to its first Layer-2 solution, Solaxy, which aims to address Solana’s congestion issues.

Solaxy is building a better ecosystem for Solana meme coins like $TRUMP and $MELANIA

Solaxy’s presale has been live for just over a month, and early participants are quickly acquiring $SOLX tokens as they prepare for what might resolve Solana’s congestion challenges, transaction errors, and scalability limitations.

In essence, Solaxy acts as an upgrade to Solana, enabling developers to create decentralized applications or issue new tokens while not only preserving but also enhancing Solana’s Layer-1 performance.

The anticipated outcome? Solaxy is set to elevate Solana’s capabilities, equipping it to handle increased network activity with a much reduced likelihood of transaction issues.

Upon launch, it aims to enhance network reliability and scalability, particularly during peak usage periods.

As a result, Solaxy strengthens Solana’s position as a more robust blockchain for trading meme coins – one capable of withstanding intense activity, unlike the struggles witnessed with $TRUMP and $MELANIA over the weekend.

Renowned crypto influencer ClayBro has also highlighted the surge of interest in presidential meme coins, offering his perspective on how this trend has driven demand for $SOLX.

More Trump family meme coins could be on the way!

The rise of celebrity-themed meme coins has quickly become a dominant trend since meme coins established themselves as a legitimate sector of cryptocurrency in 2024.

Tokens such as Mother Iggy ($MOTHER), Jason Derulo ($JASON), and Caitlyn Jenner ($JENNER) have emerged, with a growing number of celebrities stepping into the crypto world.

Following the recent debut of meme coins inspired by the new U.S. president and first lady, their involvement might ignite a wave of similar