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XRP’s price action remains shaky, with last week’s rise fading into another weekend dip.
Meanwhile, a new project is performing much better: Solaxy, which has raised over $26 million in its presale.
With one expert calling for 100x returns after launch, it’s no surprise that whales are rumored to be investing in SOLX.
XRP Stumbles as Investors Flock to Solaxy’s Trending Presale
XRP just can’t seem to catch a break.
After a brief rally late last week, it’s back in the red, slipping over 5% from Friday’s peak to $2.33.
The bigger picture doesn’t look much better – XRP is down 31% from its January high, and every time it picks up some momentum, bears step in to knock it back down.
Open interest has dipped another 3.5%, suggesting traders might be losing confidence.
But while XRP struggles, whales seem to be eyeing something else entirely.
That’s where Solaxy comes in – the Solana-based Layer-2 protocol raising over $100,000 in its presale every day.
Right now, investors can buy SOLX tokens during the presale for $0.001666, but that price will soon be gone.
Since Solaxy’s presale is conducted in stages, the price increases every few days, giving early buyers a better entry point.
Solaxy’s team accepts purchases using crypto, a bank card, or through the Best Wallet app.
And they’ve also revealed plans for a DEX listing after the presale wraps up.
Solaxy’s Layer-2 Solution Promises Speed, Lower Fees, and Gains Potential
While Solana has been one of the top-performing blockchains in recent years, it has had its share of issues, mainly concerning congestion.
Solaxy aims to solve these issues.
As a Layer-2 scaling solution, it can process transactions off-chain before settling them in batches on the main Solana network.
This setup reduces congestion, lowers fees, and boosts efficiency without compromising security.
The Solaxy team is even building a cross-chain bridge to Ethereum.
Given all these features, it’s no surprise investors worldwide are piling into the SOLX presale.
And Umar Khan, one of the analysts from 99Bitcoins, believes investing during the presale could be a wise move.
He predicted SOLX could see anywhere from a 20x to a 100x gain once trading begins, citing Solaxy’s strong fundamentals, massive X (Twitter) community, and the broader demand for Solana-based scaling solutions.
Given Khan’s track record of identifying successful cryptos early (like Pepe Unchained), investors hope he’s right again.
Wallet Integrations and DEX Listings – Solaxy’s Exciting Roadmap
With Solaxy’s presale pulling in millions, the big question is: what’s next?
Fortunately, the team has been keeping the community in the loop with regular development updates, and the latest one suggests things are moving fast.
They’ve been working on wallet integrations to make Solaxy more accessible to non-technical users, expanding their token launchpad to attract new projects, and optimizing their rollup infrastructure to boost speed.
A dedicated bridge UI is also in the works – making cross-chain transfers smoother than ever.
All signs point to a serious push towards mass adoption.
Meanwhile, Solaxy’s staking app is picking up steam, with over 7.5 billion SOLX already locked up.
Whales are reportedly loading up behind the scenes, prompting speculation that the upcoming exchange listing could be a massive event.
While there’s no official listing date yet, investors are hoping for a Q2 debut, followed by the full rollout of Solaxy’s Layer-2 solution.
Overall, the future looks bright for this new project.
If things play out as expected, 2025 could be the year Solaxy cements itself as a key part of the Solana ecosystem.
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