Emily Walker
Do you recall the $TRUMP meme coin that debuted just days before Donald Trump’s inauguration as the US president?
Its value soared to $75 on January 19, only to plummet to $39 the next day. Currently, it stands at $34.76, showing minimal signs of recovery.
This decline doesn’t rule out the possibility of a rebound. While it may take some time, with Trump’s recent executive actions regarding crypto and the SEC’s changes regarding SAB 121, there’s a chance $TRUMP could bounce back sooner than expected.
In the meantime, there’s another promising meme coin in presale that investors might want to consider, Solaxy ($SOLX).
As the pioneering Solana Layer-2 chain, Solaxy could gain significant traction once it lists on exchanges.
Let’s explore the details and potential of Solaxy as it aims to become the next successful meme coin.
$TRUMP Token – A Case of Fluctuation or a Political Stunt?
The OFFICIAL TRUMP token was launched on January 17, just three days before Trump took office.
The launch drew more criticism than support, as many viewed a meme coin associated with the President as inappropriate.
Setting politics aside, we can note that this event positively impacted the crypto market, significantly boosting the overall market cap.
The meme coin market cap surged by $5B between January 17 and 19, before experiencing a sharp decrease on Inauguration Day (possibly because Trump didn’t mention anything about crypto).
However, it is clear that $TRUMP has lost considerable value, dropping from an all-time high of $75 to about $35 today—an overall decline of 53.33%.
Despite this decline, it appears to have stabilized around the $35–$40 range, occasionally hinting at a possible rise.
This indicates that many investors still have confidence in a future resurgence for the coin. As the only official Trump coin, $TRUMP may still have a chance to recover.
If you’re in search of a more promising option, the next potential meme coin could be Solaxy.
Solaxy Presale Generates $13.9M and Aims to Innovate Solana
Solaxy ($SOLX) claims to be the first Layer-2 chain for Solana, proposing multi-chain compatibility and infinitely scalable solutions aimed at ensuring seamless transactions without downtime or congestion.
Although it initially launched on Ethereum, Solaxy integrates smoothly with Solana, effectively combining the strengths of both networks.
Solana has faced issues with network congestion and transaction failures, but Solaxy intends to tackle these concerns with enhanced liquidity, scalability, speed, and overall performance. Here’s how:
- Off-chain processing: By transferring some transactions to the Layer-2 chain, Solaxy alleviates pressure on Solana, promoting prompt processing.
- Transaction bundling: Grouping transactions for processing can enhance scalability, lower costs, and increase throughput.
- Layer-1 settlement: Finalizing transactions on Solana’s mainnet provides extra security for user funds.
The presale has already garnered more than $13.9M, with each token priced at $0.001612. Additionally, over 4.1B tokens have been staked, offering a remarkable 275% staking annual percentage yield (APY).
Forecasts for Solaxy suggest it may reach $0.032 by the end of 2025, representing a potential 1,885% increase from its current valuation.
With its pioneering edge, $SOLX stands out prominently against other leading meme coins in the market.
To acquire it, visit the presale website, connect your wallet, and buy $SOLX using any of the accepted currencies.
Be mindful, however, that this is not financial advice. Investing in meme coins involves risks. It’s crucial to conduct thorough research and recognize the possibility of losses due to market volatility.