Solaxy ($SOLX) Token Presale Surges Past $12.8M as Meme Coins Push Solana (SOL) Network to Its Limits

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.

Fresh off the heels of Donald Trump’s meme coin, Official Trump ($TRUMP), hitting the crypto scene on January 18th, sparking a wave of interest and astronomical gains, another surprising development is unfolding in the world of meme coins.

As $TRUMP’s popularity continues to soar, a new layer-2 (L2) solution, Solaxy ($SOLX), is emerging as a vital answer to Solana's network congestion.

With the Trump presidency signaling crypto-friendly policies, this development could pave the way for a new era of token launches. Here's how it's playing out:

$TRUMP Token's Meteoric Rise on Solana

On January 18th, 2024, the long-awaited $TRUMP token finally arrived on the Solana blockchain, creating an undeniable buzz in the crypto market. Within hours of its launch, the token soared to an all-time high of $72, boasting a staggering market capitalization of $15 billion—surging past the top 20 cryptocurrencies by valuation.

This rapid ascent was fueled by a massive buying frenzy, catapulting $TRUMP to become the 17th largest cryptocurrency by market cap. As the dust settled, the token hovered around $41 at the time of writing, boasting a market capitalization of $8.2 billion.

According to DEXTools data, $TRUMP initially launched at $0.1824 per token, offering early investors astronomical gains exceeding 21,829%.

With the U.S. president and first lady joining the meme coin scene, their involvement could ignite a wave of new token launches, especially considering Donald Trump's office is known for its 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: A Solution to Solana's Scalability Issues

Solaxy ($SOLX) is a project that aims to transform 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