Meme Coins Pump and Dump—Solaxy’s Presale Could Be the Next to Hit $1!
Meme coin pump and dump schemes have become increasingly prevalent, leaving investors with empty pockets.
However, not all meme coins are based only on hype; some offer strong utility. One example is Solaxy, which is possibly the next crypto to hit $1. But what makes Solaxy worth your while? Let’s find out.
Meme Coins Pump and Dump
According to CoinMarketCap, the meme coins market is currently worth $46.02B, with a 27.64% decrease in the last 24 hours. Unfortunately, many meme coins have been part of pump-and-dump schemes, which are typically conducted in two stages:
In the first meme coin pump and dump stage, or “the pump,” creators of a meme coin promote it, making a buzz regarding its price exploding and potential massive returns. They organize aggressive online marketing campaigns and coordinated buying.
After investors unknowingly participate in the scheme and drive up the price, the second stage, or “the dump,” occurs. Here, creators sell their holdings all at once for a massive profit, causing a huge price collapse. This leaves regular investors holding virtually worthless meme coins.
Solaxy: A Promising Crypto During Times of Increasing Meme Coins Pump and Dump Schemes
During uncertain times for meme coins, one in particular, Solaxy, has been making waves in the crypto market. The project was created as the first Layer 2 solution on Solana, and due to its potential capabilities and massive presale success, this may be the next crypto to hit $1 in 2025.
It’s well known that Solana has been facing issues regarding congestion, validator hiccups, and failed transactions.
Fortunately, Solaxy is a real problem solver. Its goal is to outperform Solana in terms of speed and costs while avoiding its most common issues. Namely, the project’s latest development updates include improving data throughput and TPS.
The token can be bought through the presale and used to pay for transactions on the Solaxy Layer 2. Users can also stake $SOLX and get rewards with an APY of 140%. The project’s tokenomics structure reveals that 25% of the supply is reserved for rewarding early supporters for their participation.
Another person who believes in the coin’s huge potential is the famous Myles G Investments, who discussed this in his recent YouTube video.
Solaxy’s presale is reaching its end, having raised over $29.1M to date. Its current price is $0.001684 but increases with every presale stage. In addition to the official website, users can also buy $SOLX from Best Wallet and see their tokens early, right from the app.
Can Solaxy, One of the Promising Tokens, Find Its Way to $1?
Solaxy has a strong chance of reaching its $1 mark. It bridges Solana and Ethereum for multi-chain liquidity, neutralizes failed transactions and congestion on Solana, and has many more development upgrades planned to achieve its goals. This shows Solaxy is much more than your usual meme coin that relies only on hype, as it offers utility and purpose.
Buy Solaxy, the Next Crypto to Hit $1 Despite Meme Coins Pump and Dump Schemes
Crypto pump and dump schemes have become very frequent. For example, in 2022, 24% of launched tokens showed on-chain traits of pump-and-dump schemes. Meme coins pump and dumps schemes are common, too.
At the same time, some meme coins surprise us, offering strong use cases and huge success. Solaxy is one such project whose ongoing presale has attracted many investors, raising over $29.1M to date. The project is considered the next crypto to hit $1 due to its huge presale success and many innovative features. So, don’t miss out; visit its official website and buy $SOLX now!
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