Viral New Meme Coin Solaxy Raises $30M In Presale Despite Tariff Uncertainty

Ongoing global trade tensions continue to weigh on financial markets, keeping the broader crypto space mired in uncertainty.

Amid the bearishness, crypto assets showing bullish strength are being viewed favourably by smart money investors. For instance, Fartcoin and Popcat are witnessing significant demand from whales. 

Similarly, Solaxy (SOLX), the first prominent Solana Layer-2 coin, has caught the attention of smart money investors and retailers alike. 

Despite the market uncertainty, SOLX has raised over $30 million in its ICO in short order, giving credibility to analysts calling it the next 100x crypto. 

Solaxy Hits $30M Milestone In Presale Behind Strong Whale Demand

In a major vote of confidence, the SOLX presale crossed the $30 million landmark on Monday, establishing itself as one of the hottest low-cap gems on the market. 

Strong whale demand has been a key feature of its presale thus far, with deep-pocketed investors continuing to pour six-figure investments into the project. 

For instance, a whale recently swapped nearly 90 ETH for SOLX, worth nearly $200k at that time. 

Strong whale interest is often indicative of high upside potential and is one of the key reasons why many early buyers are eyeing 100x returns from their Solaxy investments. 

Solaxy — The First Prominent Solana Layer-2 Chain

Solaxy is emerging as a crucial component of Solana’s future ecosystem, with the project aiming to address the network’s congestion issues during periods of elevated traffic. 

While Solana is widely recognized for its speed and low fees, it continues to face scalability challenges under a heavy load. 

For instance, it experiences significant sluggishness in the meme coin seasons — nearly 75% of SOL transactions failed at one point in April 2024. Despite network upgrades, Solana faced similar issues when US President Donald Trump launched his official meme coin.

Fartcoin and Popcat’s recent strength shows that the meme coin mania isn’t ending on Solana any time soon. With the next crypto bull market on the horizon, SOL traders could face high network costs and delayed and failed transactions once again. 

This is where Solaxy could prove to be a game-changer. Its Layer-2 chain comprises a zero-knowledge rollup, a deterministic sequencer and a sophisticated state-change function. It is designed to bundle SOL transactions into batches, execute them off-chain and publish the state change on the mainnet. 

This results in low-latency transactions, exponential improvement in scalability and zero downtime on both chains. 

Besides, Solaxy is also using data availability tools like Celestia to improve scalability further and reduce the cost of building and trading on the chain. 

Similarly, its Hyperlane-powered multi-chain bridge makes it highly interoperable, connecting the L2 with prominent Layer-1s like Ethereum, Solana, Base, etc. Integration with more chains is coming down the pipeline. 

Solaxy is already collaborating with leading wallet providers to streamline onboarding and deliver a seamless user experience. In parallel, it is actively engaging with emerging projects to secure their launches on its newly developed Layer-2.

Experts believe that Solaxy could soon become the new hub for meme coin launches within the Solana ecosystem, particularly during periods of heavy traffic. Check out the project whitepaper for more information. 

Is SOLX The Next 100x Crypto?

Solaxy has established itself as one of the best low-cap crypto investments on the market, as evidenced by its presale performance. 

Raising over $30 million in presale, despite the broader market uncertainty, is a strong vote of confidence in SOLX, as is its strong whale demand. 

Yet, experts believe that Solaxy is undervalued during its presale. The top Bitcoin and Ethereum Layer-2 coins like Stacks, Arbitrum and Optimism have all surpassed billion-dollar valuations. There is no reason why SOLX, the first prominent Solana L2 coins, doesn’t do the same. 

Unsurprisingly, prominent analysts, top crypto influencers and early buyers are viewing Solaxy as the next 100x crypto. 

SOLX will also likely launch amid the next crypto bull run, which is expected to start in late April. This could pave the way for an explosive post-IEO rally for the new coin. 

However, time is running out for interested buyers. The SOLX price increases after every presale stage, with the next hike scheduled for Tuesday, April 16th. 

Moreover, Solaxy’s staking reward, which is a key part of its overall attractiveness, is designed to go down as the amount of staked coins grows. The SOLX staking is still offering an APY of 135%, which is an excellent opportunity for crypto investors to generate attractive passive income. 

Check out the Solaxy X and Telegram accounts for more information. 

Visit Solaxy Presale