Big money is moving into Solana’s ecosystem – but not in the way you might expect.
While there’s still debate over whether Solana even needs a Layer-2 solution, Solaxy (SOLX) has quietly racked up nearly $30 million in its ICO phase.
And with whales actively accumulating SOLX, the race to get in before the next price jump is heating up.
Solaxy ICO Gains Traction as Whales Move In
Solaxy is currently in its pre-launch stage, giving early investors a chance to buy in at a lower price before SOLX hits the open market.
Right now, investors can secure SOLX for just $0.00169 per token, either with crypto, a bank card, or through the Best Wallet app.
After the ICO ends, there will be a Token Generation Event (TGE) and a DEX listing.
CEX listings could also be on the horizon if things keep going well.
Solaxy’s Telegram channel is buzzing about these listings – and also about the recent whale activity.
Etherscan data shows one whale scooped up 17.6 million SOLX tokens just last week.
That’s nearly $30,000 worth of SOLX.
And it’s not the first time – back in early March, another whale grabbed an enormous 53.9 million SOLX, worth over $91,000.
These aren’t just random buys but calculated moves by high-net-worth players.
When whales start investing this amount of cash, it’s a strong signal that something big is taking place.
Their actions often lead to more investment from retail traders.
How Solaxy Plans to Fix Solana’s Biggest Problems
Solaxy is essentially a way to boost Solana’s capabilities.
Solana is fast, but it can get bogged down during peak hours – like a car stuck in traffic.
Solaxy steps in as a Layer-2 solution, meaning it works alongside Solana instead of replacing it.
The project handles lots of transactions off the main Solana blockchain, bundles them all up, and then sends the results back.
This off-chain processing is Solaxy’s key selling point.
But what does this mean for traders and developers?
Imagine you’re trading a new meme coin that’s just launched – every buy, sell, or swap happens instantly, without delays or failed transactions.
Or picture a blockchain-based game where every action is smooth and responsive with no lag.
For developers, Solaxy provides the tools they need to create exciting dApps.
It gives them flexible building blocks to mix and match, meaning there could be scope for new DeFi platforms or NFT marketplaces.
Essentially, Solaxy is trying to make Solana better for all users.
Audited and Secure – Why Solaxy Is Gaining Huge Traction Ahead of Launch
It’s not just about speed and scalability – there are other things that make Solaxy stand out.
First off is security.
Coinsult has audited the project’s smart contracts, and the results are reassuring.
There’s no hidden mint function to create more tokens, no blacklist to freeze anyone’s funds, and no honeypot scam where you can buy but not sell.
Plus, trading is already enabled, and there are no high selling fees.
Everything is transparent, which is exactly what you want in a new crypto project.
Then there’s the staking – Solaxy has its own staking app offering an estimated APY of 137%.
No wonder over 8.4 billion tokens have already been staked by early investors.
Solaxy is also popping up on sites like CoinSniper and has been featured in articles from Cointelegraph and other major publications.
Even YouTubers such as ClayBro are talking about SOLX.
With all the buzz, solid tech, and whale backing, Solaxy could play a big role in Solana’s future.
Although nothing is guaranteed in crypto, this project has a lot going for it.
