Solaxy (SOLX) Just Blasted Through the $47 Million Mark During Its Final Presale Phase

This powerful demand underlines a simple truth: investors believe Solaxy, the first Layer 2 rollup on Solana (SOL), could be the scaling catalyst that turns today's growing Layer 1 into tomorrow's dominant smart-contract chain.

Solana (SOL) saw a slight pullback last week, retracing to the mid-$140s in the wake of news that Pump.fun, a popular Solana-based meme coin launchpad, is getting ready to launch its own $1 billion token sale—and targeting a total valuation of $4 billion in the process.

However, the improving likelihood of Solana ETF approvals (supported by strong institutional backing and the SE’s pro-crypto stance) has helped Solana regain momentum above the psychological $160 mark, registering a nearly 17% jump from its June 5 lows.

The broader macroeconomic backdrop has been equally supportive. On June 5, the European Central Bank cut its deposit rate to 2% (its eighth reduction in a year), citing tamed inflation. The Bank of Korea also agreed on a 25-basis-point cut to 2.50% in late May, and the Bank of England is signaling an incremental path after making its own cut to 4.25% last month. Easier monetary policy, historically, primes risk assets for new bull runs and major upside.