Solana Meme Coin Solaxy Explodes 40% at Launch as Crypto Whales Dive In
Solaxy rockets out the gate with meme coin mania in full swing
The latest Solana-based joke token isn't laughing all the way to the bank—it's sprinting. Solaxy debuted with an immediate 40% pump as deep-pocketed traders piled in during early trading.
Whales make waves in shallow meme pools
On-chain data shows large transactions dominating initial volume—because what's a crypto launch without some good old-fashioned wealth concentration? The token's liquidity pool swelled as speculators treated this like the lottery ticket it fundamentally is.
Just another day in the casino
While the 40% surge makes for flashy headlines, seasoned degens know the real play comes from being early enough to dump on retail. Solaxy's launch proves yet again that in crypto, the house always wins—it's just a question of which whale gets to be the house today.
Solaxy Goes Live, What’s Next?
One of the most successful presales of this year is now over. SOLX, which raised over $58 million in its ICO, launched on Uniswap and Raydium today.
Even after its launch, it continues to establish itself as a meme coin with strong fundamentals. For instance, Solaxy is now live on popular crypto platforms like CoinMarketCap, CoinGecko, DEXTools, DexScreener and Birdeye, which results in high visibility and brand awareness.
Most new meme coins don’t even manage to secure listings on these popular platforms, especially on CoinMarketCap and CoinGecko.
Similarly, exchange liquidity is now locked for both its ethereum and Solana trading pairs, which significantly reduces the risks of any scam or rug pull.
Next up, SOLX is set to go live on top-tier centralized listings in the coming days. Meanwhile, presale holders who staked their tokens will be able to claim them once the lock-in period ends on June 30th.
Meanwhile, Solaxy’s layer-2 and full-stack architecture will start to roll out, with its Testnet already live. For the uninitiated, it is the first prominent solana layer-2 chain with several in-demand attributes.
For instance, its Hyperlane-powered ETH-SOL bridge went live today. It will soon offer support for almost every popular layer-1 and layer-2 chain, offering users excellent interoperability.
The Solaxy Layer-2 mainnet will go live on July 7th, which aims to tackle Solana’s network congestion by processing SOL transactions off-chain.
The project has also announced its competitor to Pump.Fun, called the Igniter Protocol, and its own decentralized exchange, the Solaxy DEX. Users can now launch their own meme coin, which will initially launch on the DEX before going live on other popular exchanges.
Check out Solaxy’s X and Telegram accounts for more details.
SOLX Surges By 70% As Whales Go All In
Solaxy launched at a listing price of $0.0007205. After an initial explosive rally to $0.00104, it saw a sharp correction, which is typical since early presale buyers start to take profits.
However, whales were quick to buy the dip as SOLX started to record a string of 5-figure investments.
Unsurprisingly, the SOLX price is seeing a strong bounce back, recovering to $0.001 before a marginal pullback.
With a plethora of bullish narratives on the horizon, including CEX listings and mainnet launch, experts believe Solaxy has significant upside.
After all, the top Layer-2 coins tend to reach multibillion-dollar valuations. Notably, many prominent analysts and crypto influencers had called it the next 100x crypto, even before its launch.
