Solana’s Newest Contender: Solaxy Nabs $40M in Frenzied Presale—Moon Mission or Mirage?

Another day, another nine-figure crypto presale—but this one’s got the Solana crowd buzzing. Solaxy just pulled $40 million from investors betting it’ll be the chain’s next viral token. Cue the ’next 1000x’ hype.

Presale mania strikes again

Forget ICOs—2025’s crypto gold rush happens in presales, where projects like Solaxy bypass exchanges and go straight to retail’s DMs. The pitch? Early access to ’the next Solana gem.’ The reality? A lottery ticket priced at ’just’ $40 million.

Solana’s ecosystem keeps minting new tokens faster than traders can ape in—with returns that either make legends or ghost Telegram groups. Will Solaxy deliver alpha or join the graveyard of ’viral’ flops? Only your portfolio knows for sure.

Bonus jab: Nothing fuels FOMO like a presale—except maybe a VC dumping their unlock on retail.

Solaxy smashes $40 million raised milestone

Top traders believe that Solaxy’s presale success signals huge gains will come once it lists on the open market.

Having just crossed the $40 million raised milestone, the spotlight is shining on $SOLX right now.

It’s the largest Solana presale to ever take place, which underlines just how popular it’s proving to be.

And the confirmed presale end date is only adding to the interest. Investors know this could be the last opportunity to buy $SOLX cheaply. The price will shift from fixed to a product of supply and demand once $SOLX lists on exchanges.

It’s at this point that it could begin to explode. Given its presale momentum and robust use case, analysts believe that $SOLX could give huge gains.

For instance, Umar Khan from 99Bitcoins says the project has 100x potential lists once it exchanges.

Other analysts have a similar bullish outlook. For instance, crypto Nitro also suggests that $SOLX could do a 100x after the presale ends.

Solaxy fixes Solana’s congestion issue to create new possibilities

Solana cannot handle all transaction requests in periods of peak network activity. This creates longer wait times and increased rates of transaction failures, which can cost traders a lot of money.

For Solana to continue attracting new users and unlocking new use cases, it’s crucial that this congestion issue gets resolved. And that is what Solaxy intends to do.

It will handle some of Solana’s workload and use transaction bundling and off-chain computation technology to speed things up. While Solana can compute 6500 transactions per second (TPS), Solaxy aims for 10,000 TPS.

If it achieves its goal, Solaxy will be cheaper, faster, and more reliable than Solana. This will unlock new possibilities such as bigger applications, increased user activity, and more liquidity.

The team has already successfully launched the Solaxy test network and computed 1 million transactions. It has also received a smart contract audit from Coinsult, which found no issues with its code.

With the successful test network launch and third-party smart contract audits in place, it’s clear that the Solaxy team knows what they’re doing.

And they’re not letting up. At the same time as they develop the blockchain, the team has also unveiled Igniter Protocol, a token launchpad that will allow anyone to easily create their own cryptocurrencies.

It’ll be a similar setup to Solana’s Pump.fun, except it’ll be even cheaper and faster.

With Igniter Protocol, users can turn ideas into assets with just a few clicks, which is the bedrock for a vibrant and active ecosystem.

Pump.fun has generated over $700 million in revenue since launching last year, so Igniter Protocol has the potential to also amass substantial profits, – and that could finance even more ecosystem growth.

Last chance to buy $SOLX before IEO

The Solaxy exchange launch is approaching, and it’s expected to be explosive.

With over $40 million raised and support from top industry analysts, everyone is watching $SOLX right now.

Those yet to buy still have a chance to join the $SOLX presale and participate in what could be the biggest Solana launch event of the year. But with 21 days left, they must act fast.

Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.

Visit Solaxy Presale