How Solaxy Became the Presale Everyone’s Watching

A Canadian funding agency targeted on the Solana ecosystem, referred to as SOL Methods, has acquired over $18 million price of $SOL as half of a bigger $500 million facility. That sort of quantity is never informal. It usually indicators deeper performs are in movement, and that’s precisely the place Solaxy enters the image.

Some websites now rank Solaxy among the many high crypto presales, largely as a result of it is being constructed as the primary true Layer 2 answer for Solana. Which means it goals to repair the identical issues that drew institutional patrons to $SOL within the first place: congestion, excessive utilization, and the necessity for extra scalable infrastructure.

With over $39 million already dedicated to Solaxy presale and a rising variety of buyers treating it as greater than a bet, it’s clear that is one to observe because the Solana ecosystem continues to evolve.

The timing of this undertaking is one other a part of its enchantment. Solana has bounced again onerous from its current lows, recovering roughly 50% and holding robust above technical markers just like the 200-day EMA (Exponential Transferring Common). Whereas it’s nonetheless removed from its 2021 peak, large-scale purchases just like the one from SOL Methods counsel confidence in its future. Even current scandals just like the doxxing of considered one of its cofounders have left the followers confused about its future.

Different corporations like DeFi Growth Corp. are additionally making strikes, with SEC filings pointing to plans for main new $SOL buys. That sort of alignment attracts consideration to initiatives constructing across the identical core.

With all this in thoughts, Solaxy is positioning itself as important infrastructure and isn’t merely using the wave. With a roll-up mannequin designed to push some site visitors off the principle Solana community and onto its personal chain, it may ease the load throughout high-traffic durations. If it really works as promised, this might velocity up all the pieces from buying and selling apps to meme coin platforms and gaming instruments.

And persons are betting it should work. The undertaking has already raised over $38 million in its presale. Lots of that got here from massive buyers. Simply final week, one purchaser dropped $400,000 in a single transaction. Altogether, whales have put greater than $1 million into $SOLX in simply two weeks.

The token additionally gives aggressive staking rewards with over 100% yearly for individuals who maintain and stake it early. Whereas that quantity raises eyebrows, it has helped construct buzz. The presale value is at present $0.00173, and a few predictions, although optimistic, counsel it may develop over 100x if market situations maintain.

Solaxy’s rising on-line neighborhood is one other issue. There at the moment are greater than 77,000 followers on their X (previously Twitter) account with lively engagement that usually indicators retail curiosity. On high of that, the token’s itemizing within the Finest Pockets app makes it straightforward to purchase utilizing crypto or playing cards, a small however necessary step for wider entry. Whether or not Solaxy delivers on all of its guarantees stays to be seen.