Solana’s price drops due to increased scalability problems and fading meme coin hype—can $SOLX help it get back on its track?
Solana ($SOL) has gained only 1% this year, struggling to build momentum—even after President Donald Trump chose its blockchain to launch his official meme coin.
Over the past week, $SOL dropped 17% as meme coin values took a hit. This is a major factor for Solana since platforms like Pump.fun drive high transaction volumes through meme coin minting. If demand for these assets slows, it could put further pressure on Solana’s price.
The launch of $TRUMP also highlighted Solana’s ongoing scalability issues. During peak usage, the network failed to keep up, causing transaction delays. Coinbase even had to issue an apology as thousands of Solana-based transfers stalled.
To tackle this, a team of developers introduced Solaxy ($SOLX), a Layer-2 solution designed to ease congestion by bundling transactions off-chain before finalizing them on the mainnet.
Investors have taken notice—Solaxy’s presale has already raised $18.4 million in under two months. This project could help Solana scale efficiently and maintain its dominance in the meme coin space.
Solana Rebounds to $190 as Price Touches $170 Support
Solana ($SOL) has traded within a price channel since its January peak but failed to hold above $270 for long. After that rejection, it dropped sharply and approached a critical support zone between $170 and $175.
A pullback of this size—35% below all-time highs—would qualify as a crash in traditional markets. However, crypto tends to experience deeper corrections during bearish cycles.
Looking at the daily chart, $SOL still sits above its pre-election levels. Given Trump’s pro-crypto stance, his presidency remains one of the most bullish catalysts for Solana’s future growth. It’s hard to imagine a dip below this key level, especially with institutional interest in crypto heating up.
Now, investors have already eaten the dip, and pushed SOL back to the $195 levels.
Solaxy’s $18M+ Presale Shows Investors Are Paying Attention
Solaxy’s presale has already pulled in over $18.5 million in just two months, proving there’s serious demand for this Layer-2 solution. Investors are betting big on its potential to improve Solana’s scalability, and the momentum isn’t slowing down.
https://x.com/SOLAXYTOKEN/status/1887023159678845362
Right now, SOLX tokens are going for $0.001628, but that price won’t hold for long. The team has planned price increases at each funding milestone, giving early buyers the best entry point before the token hits exchanges. If Solaxy takes off after launch, those who got in early could see the biggest upside.
Crypto analysts are starting to take notice. ClayBro recently called SOLX one of the best crypto to buy now, comparing it to some of the biggest names in the space. With meme coins like BONK reaching billion-dollar market caps, the idea of Solaxy joining their ranks isn’t far-fetched.
Security is another reason investors are feeling confident. Coinsult has already audited Solaxy’s smart contracts, confirming everything checks out with no red flags.
If you’re interested, there’s still a window to grab $SOLX at presale prices before they launch on exchanges.
Solaxy’s Layer-2 Solution Targets Solana’s Congestion
Solaxy’s presale is getting a lot of attentiona thanks to a clear goal—improving Solana’s speed and efficiency.
As the first Layer-2 built on Solana, Solaxy takes transactions off the main network, bundles them together, and settles them back onto the blockchain. This approach reduces congestion and helps transactions move faster.
Think of it as adding express lanes to a packed highway. Instead of every transaction clogging up the main road, Solaxy streamlines the flow, creating a more efficient system.
Ethereum has already benefited from similar solutions like Arbitrum and Optimism, but Solaxy isn’t just following their lead. The project is also developing a bridge between Solana and Ethereum, unlocking cross-chain functionality and giving users access to both ecosystems.
With 30% of SOLX tokens allocated for development, the team has the resources to push forward. On top of that, early backers can stake their SOLX for rewards as high as 218% APY.
If you want to get in early, the ICO is open, and $SOLX tokens are available at presale prices before they reach major exchanges.
Final Words
Solana’s price swings, fading meme coin hype, and ongoing scalability struggles have raised questions about its long-term trajectory.
However, Solaxy could help solve one of its biggest challenges. As a Layer-2 solution, it has the potential to ease congestion and improve efficiency on Solana’s mainnet, providing the infrastructure needed to support future growth.
If you want to be a part of this $18M+ strong presale, head on to the official website and grab your first bag of $SOLX today.
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