Solaxy ($SOLX), one of the most promising up-and-coming projects on Solana (SOL), has seen its presale surge past $15 million in funds raised as the crypto benefits from the Solana ecosystem’s strong momentum.
Solana is currently consolidating in the $230s after hitting fresh record highs nine days ago.
However, US President Donald Trump’s meme coin launch earlier this month has ignited a surge of activity on the blockchain, and hundreds of thousands of new users have been onboarded.
Against the backdrop of rising expectations for the approval of a Solana ETF this year and President Trump’s slew of pro-crypto executive orders that pave the way for rapid industry growth in the year ahead, risks seem tilted towards rapid appreciation in the SOL price this year.
Once SOL is able to muster a clean breakout above its record value of $291, it will enter a new phase of price discovery.
Is Solana Heading for $400? Key Targets to Watch
Fibonacci retracement levels, calculated by tracing from the 2021 highs down to the 2022 lows, could help find the next bullish targets of note.
The 1.618 Fibonacci retracement level sits around $416, making this the first natural price target for Solana price discovery.
Expect $400 Solana price calls to rise across social media in the weeks ahead.
Ultimately though, a rally all the way above $1,000 feels very likely this cycle, given the strength of the bullish narratives surrounding SOL right now. 4x gains from current levels are certainly on the cards, but higher-beta Solana ecosystem plays could see even bigger gains.
Established projects like Solana DEXs Jupiter and Raydium could see 10x or bigger gains. However, the new Solana project Solaxy ($SOLX) could see much bigger gains, of potentially as much as 100x.
That’s according to various experts, such as Crypto June, who have publicly expressed their support for $SOLX since its launch.
Here’s everything you need to know about the exciting new project Solaxy and why it could be one of 2025’s best token launches.
Solaxy Brings Layer-2 Scalability to Solana
Solaxy ($SOLX) stands out within the Solana ecosystem by addressing a major challenge: network congestion.
The project behind $SOLX introduces a Layer-2 solution designed to enhance scalability by facilitating transactions that are both faster and more cost-effective compared to those executed directly on Solana.
This approach streamlines activity on the network, offering a more efficient and seamless experience for developers and users alike.
The staking mechanism of $SOLX offers another noteworthy feature. With an initial APY of over 253%, the rewards are substantial but are designed to decrease as more tokens are staked.
Additionally, $SOLX holders gain governance rights, which means they can influence the strategic direction of Solaxy. This element fosters a community-driven development path, potentially leading to decisions that align closely with user needs and market demands.
The project has already demonstrated investor confidence – as noted, it’s already raised over $15.6 million so far during its presale.
With tokens priced at $0.001618 during this phase, there’s considerable anticipation around its listing on major exchanges, which could lead to a potential price surge.
By integrating seamlessly with Solana’s network, $SOLX not only addresses scalability issues but also positions itself as a key component for future growth and adoption within Solana’s expanding ecosystem of decentralized applications.
If Solana’s growth continues, $SOLX has the potential to play a leading role in that progress, making it an attractive project for those seeking the next major opportunity within the Solana ecosystem.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.