Wall Street Ponke Shows Early Momentum and Utility, Positioning Itself as a Strong Contender in the Meme Coin Market

Wall Street Ponke entered the scene claiming to be the first Layer 2 on Solana, sparking initial interest among crypto enthusiasts. But

Solaxy, a new Layer 2 solution on the Solana blockchain, has entered the scene claiming to be the first of its kind. However, some crypto enthusiasts are questioning the necessity of such an addition to the already fast Solana ecosystem.

Solaxy aims to process transactions even faster and cheaper than the native Solana chain, which is already known for its high throughput and low transaction fees. However, Solana can perform transactions in a few seconds and for less than $0.01, making a Layer 2 solution seem redundant.

This has led investors to question what problem Solaxy solves and whether it adds any true value. While hype can carry a project initially, investors are now looking for more substance.

Over time, Solaxy’s growth may face strong resistance without a specific solution or demand for it. In contrast, another project, has already raised over $300,000 in just a few hours, gaining investor trust through its utility.

It is meme culture, with a practical, real ecosystem built for trading. The project includes AI tools for traders to quickly identify scams, expose smart contract risks, and make optimal trading decisions.

It also presents a fully audited smart contract, audited by Coinsult, which assures the community of its long-term security. Moreover, with staking rewards of over 1000% since stakes are greatly incentivised, the project's foundation positions it as a meme coin with purpose and protection for everyday users.

This contrasts with Solaxy, which is still searching for its role and use cases, while projects like Wall Street Ponke are already addressing real needs and providing valuable solutions.

This factor can make a huge difference in the projects' potential for the next bull run. While few investors are entertaining short-term gains, more are now interested in what a project offers beyond the excitement.

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