Solaxy Surpasses $47 Million – Strong FOMO Investors Ahead of Last 5 Days of Presale
The FOMO effect exploded strongly over the weekend when the Solaxy ($SOLX) presale reached nearly $47 million , officially kicking off the final five-day countdown for early investors to participate.
Over $1.4 million worth of $SOLX has been purchased since June 6 alone, suggesting traders are rushing to lock in the current price before the token is listed on top exchanges.
In deep development, Solaxy is building the first true Layer-2 for Solana ($SOL). When it goes live, expected this month, it will make Solana much more reliable – not just for meme coins, but for DeFi, gaming, and any high-throughput dApp that needs speed without congestion.
At $0.001752 per token, $SOLX is still a bargain, but time is of the essence: the price will increase every two days.
For anyone who sees Solaxy as the upgrade that can take Solana to the next level, now is the time to act.
Why $SOL Is Still Undervalued – and Solaxy’s Role in It
The price of $SOL dropped to as low as $142 last week but has recovered since then, currently trading at $153 at the time of writing.
The past 24 hours saw a modest 5.1% gain – a small move given the broader economic backdrop, including fresh US-China talks scheduled to take place in London this week.
That’s why many still consider $SOL to be undervalued. While Bitcoin hit a new all-time high on May 22, Solana has yet to reach its January peak.
Sure, the market is still in “Bitcoin season” — just 29 of the top 100 altcoins have outperformed BTC recently — but even compared to Ethereum ($ETH), which is up 5.1% over the past 30 days, $SOL has underperformed, posting a 9.6% drop over the same period.
Still, institutional interest in Solana has not waned. Just two weeks ago, Canadian-listed SOL Strategies filed to raise up to $1 billion in equity and debt to expand its exposure to Solana.
DeFi Development Corp also became the first public company to invest in Solana-based liquid staking tokens (LSTs). Leveraging Sanctum's infrastructure, they launched dfdvSOL, allowing users to stake $SOL while maintaining liquidity to participate in DeFi.
But perhaps the biggest reason investors are still waiting is because they are waiting for the catalyst that could usher in a new phase of growth: Solana’s first dedicated Layer-2 scaling solution – and that’s exactly what Solaxy is building.
When a Meme Coin Can Congest the Network, Layer-2 Becomes a Must
The launch of Pump.fun in 2024 breathed new life into Solana’s meme coin ecosystem, sparking a wave of ultra-volatility tokens that peaked in January 2025.
Leading that growth wave is the meme coin Official Trump ($TRUMP) – a token issued by former US President Donald Trump himself – which has quickly become the third-largest meme coin by market capitalization, behind only Dogecoin ($DOGE) and Shiba Inu ($SHIB).
However, while $TRUMP’s explosive growth has pushed Solana-based meme coins to billions of dollars, it has come at a cost. The network has struggled under pressure, causing widespread congestion.
Solana explorers like Solscan and wallets like Phantom have experienced internal server failures, while even centralized exchanges like Coinbase have reported delays of up to 15 hours — all caused by the overwhelming traffic associated with the Trump meme coin craze.
Since then, the meme coin sector (as well as Solana) has failed to recover its peak market capitalization. Broader macro pressures — including renewed US-China tariff tensions sparked by Trump — have also dampened sentiment. But beyond geopolitics, the core issue is structural.
Pump.fun showed why Solana is the go-to chain for meme coin trading: fast, cheap, and built for chaos. But the Trump-induced gridlock has also exposed its limits.
If one meme coin can clog up an entire ecosystem, what happens when DeFi, gaming, and other high-throughput sectors scale?
That’s where Solaxy comes in – Solana’s first dedicated Layer-2. By processing off-chain transactions in bulk and settling them on Solana’s mainnet, Solaxy helps reduce congestion and unlock significant throughput upgrades.
Skeptics have long said that Solana doesn’t need Layer-2 scaling because of its monolithic design. But the $TRUMP incident proved otherwise. And with nearly $47 million raised to date, the Solana community is clearly betting big on Solaxy as the next evolution of the chain.
Solary Launches Testnet – Time to Participate in Presale is Running Out
But talking about what you’re going to do is one thing – and actually demonstrating how you’re going to do it is another. For a new project, that distinction is crucial – and it’s something Solaxy has mastered.
Solaxy has now launched its testnet, giving users a real-world look at what the network can do. Users can bridge $SOL from the Solana Devnet via bridge.solaxy.io, deploy contracts using Solana’s native toolchain, transfer assets via Solaxy roll-ups, and monitor activity via the Solaxy Explorer.
Furthermore, Igniter Protocol – Solaxy’s native token launch platform – and its decentralized exchange (DEX) will also launch soon.
That’s why the FOMO (Fear of Missing Out) effect has skyrocketed since the final days of the presale were announced. Solaxy didn’t just present a vision – they provided concrete evidence. And this could be the last chance to own the native $SOLX token at a significantly lower price.
With infrastructure in place, clear operations, and growing exposure, demand for $SOLX is expected to explode as soon as it is listed on major exchanges.
Only 5 Days Left – Here’s How to Join the Solary Presale
There is no time to wait as the presale ends next week. If you haven’t already got your hands on $SOLX at the discounted price, head over to Solaxy’s website, connect a supported wallet, and buy $SOLX now.
Once purchased, tokens can be staked immediately to passively increase your holdings – with the 87% dynamic APY the protocol is offering, adjusting based on liquidity pool activity.
For the best experience, use Best Wallet , a recommended self-custody wallet with full presale integration and multi-chain support.
Join the growing Solaxy community on Telegram and X.