Solana’s Layer 2 Project Solaxy Raises $56 Million in Record Presale Ahead of Exchange Debut
Solaxy (SOLX), a promising Layer 2 project built on Solana, has made headlines by raising an impressive $56 million in its presale, marking one of the most successful fundraisers in Solana's history. The overwhelming demand for SOLX tokens necessitated adjustments to the project's roadmap, showcasing strong investor confidence. The presale concluded with a final token price of $0.001766 per SOLX, offering a last opportunity for fixed-price acquisitions. Participants can begin claiming their tokens starting June 23, 2025, with staking rewards set to go live on June 30, 2025. This milestone not only highlights the growing interest in Solana-based projects but also sets the stage for Solaxy's upcoming exchange listings, which are eagerly anticipated by the crypto community. The project's success underscores the potential of Layer 2 solutions to enhance scalability and efficiency on the Solana blockchain, further solidifying its position in the competitive cryptocurrency landscape.
Solaxy Presale Raises $56 Million Ahead of Exchange Launch
Solaxy (SOLX) has secured $56 million in its presale, marking one of the most successful fundraisers in Solana's history. The LAYER 2 project, now poised for exchange listings, saw overwhelming demand that forced roadmap adjustments. Presale participants can claim tokens starting June 23, with staking rewards following on June 30.
The final presale price settled at $0.001766 per SOLX, creating a final window for fixed-price access before exchange trading begins. Market observers anticipate significant volatility as multiple platforms prepare to list the token simultaneously.
Solana Faces Bearish Pressure as Key Support Level Breaks
Solana (SOL) teeters NEAR $135.5 after losing critical support at $141, signaling potential for a 20% decline. Geopolitical tensions involving Israel, Iran, and the U.S. have amplified risk aversion, dragging speculative assets like cryptocurrencies into the fray.
The altcoin has shed 4.1% in 24 hours alongside a 10% drop in trading volume, reflecting waning participation. Technical charts reveal a confirmed head-and-shoulders breakdown and failure to hold above both 50-day and 200-day EMAs—a bearish omen. Analysts now eye $114 as the next downside target unless bulls reclaim higher ground.
Solana Price Prediction: Head and Shoulders Breakdown Meets ETF Buzz
Solana's price is showing signs of weakness as it confirms a head and shoulders breakdown, a classic bearish pattern. The breakdown below the $142 neckline suggests potential downside targets near $120, with rising volume adding conviction to the move. Bulls must reclaim $145–$150 to reverse the short-term bearish momentum.
The 12/25 weekly EMAs have been lost, signaling further technical deterioration. Market participants are now weighing the bearish technicals against broader ETF-related optimism, creating a tension between immediate downside risks and longer-term bullish catalysts.
Will Solana Price Slip to $105 Before Bulls Regain Control?
Solana's price has been trending lower, consolidating after recent highs around $168. Market participants are divided on whether this cooling phase signals continued downside or a prelude to a sharp rebound. Technical analysts highlight a critical support zone near $105, which could serve as a springboard for a rally toward $260 if bear trap signals materialize.
The $105 level aligns with long-term demand zones that previously catalyzed rallies in early 2024. Short-term sentiment remains weak, with $135-$140 acting as interim support. Fibonacci retracement levels and MACD patterns suggest the correction may not yet be complete, contrasting with bullish V-shaped recovery projections.
