Following the launch of $TRUMP and $MELANIA tokens on the Solana blockchain this weekend, SOL surged 45.57%, surpassing $10 billion TVL (total value locked) for the first time since the FTX collapse two years ago.
However, this success did not come without its challenges. While Solana struggles to cope congestion Due to an unprecedented (no pun intended) increase in transactions, this Solana Layer-2 solution, Solaxy ($SOLX)It couldn’t come at a better time.
On January 19, $ sol The price has risen to a new all-time high above US$290 and a market cap of over US$128 billion in direct correlation to the mania surrounding the Trump family coins.
Can Trump and Melania get along?
First came the Trump dollar next Next US President Trump announced his official currency X Late on Friday, January 17th.
The TRUMP meme attracted massive trading volumes of around $3 billion over the weekend, reaching a peak of $6 billion in market capitalization and $30 billion in fully diluted value within 24 hours.
Trump Coin became the third largest cryptocurrency across all blockchains by market capitalization by Sunday, before suddenly falling, just as Melania Coin was launched and starting to gain momentum.
Difficult law to follow
Like its currency pair before it, $MELANIA turned out the lights, rising over 21,000% and reaching $12 billion in less than three hours of its launch on Sunday, January 19.
In fact, the Trump family coins sent traffic on Solana ($SOL) through the roof over the weekend. While this helped $SOL generate more $35 million fee With revenue of at least $14 million, the pre-opening surge also led to some Solana ecosystem apps, such as Jito and Phantom Report technical difficulties and delays.
As pressure grows on Solana’s blockchain, projects like Solaxy ($Solex) is in a great position to make his debut.
What is Solaxy?
Solaxy is the token that powers the first Layer 2 (L2) blockchain built on Solana. The L2 Solana network will address the network congestion, scalability issues, and failed transactions we witnessed during the recent peak of trading activity.
While the second layer will not be ready to relieve pressure during the current Trump wave, it will lay the foundation for Solana’s future expansion.
$SOLX is based on Ethereum and aims to leverage Ethereum’s liquidity to leverage Solana, enabling faster, cheaper, and more reliable transactions at an unprecedented scale.
The $SOLX token pre-sale was launched on December 12, 2024, and has already raised nearly $12 million ($11.93 million). To date, the price of the token has risen from $0.001 to over $0.0016 – an increase of 60%, reflecting the huge interest of investors.
With demand for Solana infrastructure rising, analysts believe Solaxy could reach $0.025 by the end of 2025, offering potential returns of 1,462.5% to pre-sale investors, with higher gains for early adopters. Early $SOLX investors also benefit from dynamic staking bonuses, which currently offer 306% annual returns.
The Solaxy network is still in development and is scheduled for release later this year, but its promise to address Solana’s vulnerabilities has already attracted notable interest, as its growing community on cable And 61 thousand followers X He bears witness.
Solaxy to go up 100x?
As Solana Galaxy Meme coins As expansion continues, Solaxy’s status as an L2 project for the coin market, coupled with attractive early investor rewards, could position it to become the next Solana coin worth 100x by the end of the year.
However, as with any new cryptocurrency, risks remain, and you should always do your research and never invest more than you can afford to lose. This is not financial advice, and while some make billions, others can lose significant portions of their savings by betting on meme coins that make it big.
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