Solana Holders Buy into $27M Presale for First Solana L2 as Analyst Predicts Monumental Gains
Since its inception on December 12th, Solaxy (SOLX) has raised an impressive $27.6 million during its presale phase as investors give their backing to the first Solana Layer 2 solution.
Now the Solaxy presale is approaching its final stage, which will be followed by its first DEX listings. This is exciting news for those using the Solana ecosystem, as Solaxy intends to help Solana’s mainnet avoid its congestion-related issues.
According to Solaxy’s project roadmap, the Layer 2 is set to release once SOLX hits the market. As the ICO’s dynamic pricing model brings SOLX closer to its listing price of $0.00169, investors don’t have long to add Solaxy to their portfolios at a discount, making this the best time to enter the presale.
Best Wallet’s Endorsement & Ambitious Goals Pave the Way for SOLX’s Success
Currently, Solaxy costs $0.001672 each, but this price increases throughout the remaining stages of the presale. Investors can purchase SOLX using SOL, ETH, USDT, or a traditional bank card via the presale website with no minimum investment required.
Alternatively, SOLX is available via Best Wallet’s “Upcoming Tokens” hub, which also supports BNB payments and makes the presale easily accessible to the wallet’s 250,000+ monthly users.
Solaxy’s partnership with Best Wallet undoubtedly had a strong impact on Solaxy’s early momentum, as it isn’t the first project endorsed by the wallet that saw massive presale success.
Previously, Best Wallet featured Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum and subsequently released a token launchpad. PEPU saw a surge of over 700% just two days after its first DEX listing.
Source: Solaxy’s Tweet
Unlike PEPU, Solaxy also intends to connect Ethereum and Solana, which could turn it into a multi-chain powerhouse, potentially helping it surpass PEPU’s post-listing success.
With 30% of its total token supply allocated to the development of its Layer 2 ecosystem, Solaxy’s developers are constantly making progress. This month’s dev updates entry from the Solaxy team shows they’re currently working on seamless cross-chain transfers between Solana, Ethereum, Base, and Solaxy.
Analyst Predicts Skyrocketing Returns for Solaxy
With thousands of meme tokens launching on pump.fun everyday paired with several high-profile token launches, it was just a matter of time before Solana’s Layer 1 showed its weaknesses.
Amidst President Trump’s launch of Official Trump (TRUMP) in mid-January, Solana’s congestion issues caused transactions to fail or take dozens of hours to process. That’s why it’s no surprise that Solana holders are turning to the Solaxy presale, as its upcoming Layer 2 blockchain could help Solana avoid those issues during high-traffic hours.
Using a system called rollups, Solaxy Layer 2 will leverage transaction bundling to reduce the Solana Layer 1 load, potentially resulting in faster transactions and lower gas fees. While addressing Solana’s key issues, Solaxy will still settle transactions on Solana’s mainnet, retaining its transparency and security.
Presale analyst Crypto Boy, impressed by the project’s scope, anticipates a 100x soar for Solaxy once it hits the DEXs, urging his audience to enter the presale before it wraps up.
Among other features, the analyst is also looking forward to the potential token launchpad that Solaxy’s developers are currently in discussions to implement. With the token launchpad expansion, Solaxy’s ecosystem could provide developers with an easier way to launch their projects and benefit from exposure to both Solana and Ethereum users.
Robust Security and High Staking APY Fuel Rapid Community Growth
Although the project revolves around its Layer 2 blockchain and the Solaxy ecosystem, Solaxy is a meme coin first and foremost. The strength and trust of its community will be a decisive factor when it comes to its future success.
With 15% of the total token supply allocated to marketing, SOLX is already enjoying the support of over 83,500 followers across X (Twitter) and Telegram.
Another 10% of the total token supply is set aside for liquidity, which reduces the risk of a rug pull and ensures a safer trading environment. Plus, an audit by Coinsult confirms there are no threats to investor security, as the security firm found no underlying issues in Solaxy’s smart contract.
Analyzing its tokenomics further shows that Solaxy’s developers encourage early staking, as they set aside 25% of the total token supply for staking rewards which are dynamic. As investors stake more SOLX, the yield will decrease, leaving investors with limited time to benefit from its current staking APY of 147%.
Although meme coins are as volatile as ever, leaving no room for guarantees, Solaxy’s unique position in the market and the traction it gained early could help it explode on launch.
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