One of This Year's Hottest Meme Coin Presales is Solaxy (SOLX). It is Racing Through Its Presale Stages

One of this year's hottest meme coin presales is Solaxy (SOLX). It is racing through its presale stages after raising over $36 million in record time.

One of this year’s hottest meme coin presales is Solaxy (SOLX). It is racing through its presale stages after raising over $36 million in record time. The ICO has secured more than $600,000 in capital over the last 24 hours alone and shows no signs of slowing anytime soon.

This surge in investor enthusiasm comes after the meme coin market cap recently recovered above $75 billion, fueled by improving macro conditions and renewed institutional interest in Bitcoin (BTC).

Solana (SOL) is also riding this wave of bullish sentiment. It posted double-digit gains over the past month, mainly fueled by major institutional backing as NASDAQ-listed companies make strategic multi-million dollar SOL acquisitions.

However, many market commentators have criticized Solana’s ability to scale effectively under high traffic. As the first-ever Layer-2 solution on Solana, Solaxy is engineered to tackle this challenge. That’s why Solaxy has caught the eye of serious investors and whales, who see it as the missing piece in Solana’s quest for reliable scalability.

SOLX token is selling at just $0.001724 in its ongoing presale round, but the price could increase soon. Buyers wanting to join before the next price hike can still head to the official Solaxy presale site and connect a compatible wallet to buy the tokens at the current discounted rate.

NASDAQ Companies Bet Big on Solana (SOL)

Solana has surged over 20% in the past month. It briefly hit $175 before witnessing a slight correction.

It has become clear that SOL’s recent momentum isn’t just about retail traders chasing the next altcoin rally. The platform’s institutional demand is rising rapidly, with major NASDAQ-listed companies making large bets on SOL’s future.

For example, Upexi Inc. (NASDAQ: UPEXI) recently purchased 326,347 locked SOL at an average cost of $135.22. That alone pushes its Solana treasury to 596,714 SOL, worth around $102 million at today’s prices. Upexi had announced plans to raise $100 million in April 2025, where the company outlined its intention to establish Solana treasury operations.

Another NASDAQ company, DeFi Development Corp (NASDAQ: DFDV), is linking its executive compensation structure to “SOL Per Share (SPS)” growth rather than traditional market cap metrics. The firm is signaling strong conviction in Solana’s future by aligning corporate success directly with SOL’s price performance.

Additionally, multiple ETF proposals (filed by heavyweights like Bitwise and Canary Capital) aim to add Solana to their regulated crypto investment vehicles, further integrating SOL into the mainstream financial system.

Meanwhile, Solana’s DeFi ecosystem is also thriving. Its weekly DEX volume has surpassed $15 billion, supported by popular protocols like Jito and Jupiter. The blockchain’s total value locked (TVL) is also inching toward $10 billion, second only to Ethereum.

Yet critics point to Solana’s history of downtime during peak usage, which is precisely why investors are now watching Solaxy. If Solaxy’s Layer-2 rollups can shield Solana from future slowdowns, the chain might finally fulfill its ambitions to overpower Ethereum.

Whale Bets $400K on Solaxy as It Solves Solana’s Scalability Challenges

Solaxy aims to bring reliability to Solana, an attribute that’s been tested whenever network congestion increases. By offloading excess traffic to a parallel execution layer, Solaxy will maintain fast transaction speeds without pushing Solana’s mainnet into overload.

The project will process transactions off-chain, batch them, and settle them on Solana. This approach reduces congestion, lowers fees, and ensures dApps can run uninterrupted, even during market frenzy.

Recent dev updates from Solaxy have reaffirmed the ongoing progress. Developers have tuned the system to reduce node startup times, so the network can reboot or scale faster if needed. Transaction batching has been improved for speed and efficiency, minimizing any potential delays.

The next phase of Solaxy’s testnet will unveil a cross-chain bridge, allowing quick transfers between Solaxy, the Solana mainnet, and Ethereum. By providing a reliable second layer, Solaxy positions itself as the solution that could fuel the growth of Solana-based DeFi projects, NFTs, and even Web3 gaming.

Savvy investors are already piling into SOLX tokens as they recognize the potential of Solaxy’s idea. In a recent transaction, a single whale spent over 150 ETH (around $400,000) to buy SOLX tokens. Considering Solana’s own 1,000x gains for its early supporters, it’s no surprise that Solaxy’s presale is drawing so much attention.