Solaxy (SOLX) Presale Raises More than $36.2 Million, Attracting Whales Ahead of Explosive Debut

With more than $36.2 million raised, Solaxy (SOLX) is becoming one of the most hyped presale projects in recent history.

If you’re looking for the hottest presale project right now, then you’ve probably already heard of Solaxy (SOLX).

The project has raised more than $36.2 million for its upcoming Layer 2 blockchain and Web3 ecosystem, quickly becoming one of the most hyped presale projects in recent history.

With the project’s token set to launch soon, it’s no surprise that whales and smaller investors are rushing to secure their share of the token as the presale approaches $36 million.

But what exactly is Solaxy, and what does it offer to investors?

Coming in at no. 1 in the Best New Token category is Solaxy (SOLX).

After reaching $34 million on May 9th, the Solaxy presale quickly jumped to $35 million just four days later, and it seems like the presale’s momentum is only increasing.

The presale’s rapidly-increasing momentum doesn’t appear to be a coincidence, as the team behind Solaxy shared several impressive updates over the previous few weeks.

From the testnet preview of the upcoming ecosystem’s block explorer to the announcement of a bridge testnet, Solaxy’s developers are constantly showcasing their work as the launch of their token and Layer 2 blockchain nears.

The transparency of Solaxy’s developers is helping attract an increasing number of investors, and whales seem to have taken notice of the presale, with two wallets investing nearly $600,000 into the presale this week alone.

On May 9th, one whale swapped nearly $200,000 worth of USDC for over 115.8 million SOLX, while another whale invested 150.55 ETH, which is equal to over $392,900, on May 14th.

We're picking up speed! 🛸36M Raised! 🔥

Join the presale now: https://presale.solaxy.io/register

The time has come to invest in the future of blockchain technology! 🛕

Get yours today: https://presale.solaxy.io/register

#Solaxy #SOLX #Presale #Cryptocurrency #blockchain

— Solaxy (@SolaxyNetwork) May 11, 2024

With SOLX’s developers scheduled to release a testnet version of the integrated developer environment (IDE) and a knowledge site over the next few weeks, the Solaxy presale momentum could start ramping up even faster as investors rush to secure their share of the token at a discount.

Experts See a 100X Growth Potential for SOLX

The most important component in Solaxy’s upcoming ecosystem is its Layer 2 blockchain, which will leverage rollups to reduce the strain on Solana’s mainnet, as increased activity threatens to expose it to congestion-related issues.

Once launched, the Layer 2 won’t just speed up transactions, potentially resulting in lower gas fees, but also help prevent transactions from failing during high-traffic hours.

To do this, Solaxy will process transactions off-chain and bundle them into optimized batches for on-chain validation, enhancing Solana’s scalability.

Plus, with the potential inclusion of a token launchpad and cross-chain swaps between Solana and Ethereum, Solaxy’s ecosystem will help token developers deploy their projects with ease while combining Solana’s impressive speeds with Ethereum’s ecosystem.

Presale experts from 99Bitcoins noted that the per-token price of Solaxy will only rise as the presale goes on, encouraging them to enter the presale while the entry point is low.

With Solana (SOL) at $170 and the Solana meme coin ecosystem thriving with a collective market cap of more than $13.8 billion, the experts believe the market conditions for Solaxy’s release are nearly perfect, expecting a 100x surge post-launch if it maintains its momentum.

Here’s How to Join the Presale

The Solaxy presale features a dynamic pricing model and dynamic staking rewards, meaning early backers stand to achieve the best returns if Solaxy moves upward post-launch.

Currently, investors can stake their SOLX to earn 112% annual returns, allowing them to more than double their token holdings long-term. However, the returns will decrease as more tokens are staked, with over 10.2 billion SOLX locked in the staking pool already.

Staked tokens will be available 7 days after the Token Generation Event (TGE), which, combined with the allocation of 10% of the total SOLX supply to liquidity, fosters a safer trading environment on launch.

With its per-token price currently at $0.001724, investors can acquire SOLX via the presale website below