Official Trump Coin’s 415.65x Surge Causes Solana Congestion As Bulls Pivot To $12.4M Solaxy, Its First Layer-2 ICO
Solaxy ($SOLX) has demolished expectations, raising a massive $12.4 million in its ICO following the explosive – and controversial – launch of Solana’s newest meme coin, Official Trump ($TRUMP), on January 18.
The crypto world is still processing the aftermath of the stunning development after the $TRUMP token’s eye-popping 415.65x return over the weekend. That triggered surging trading volume that pushed the Solana network to its limit. Just days after trading below $200, $SOL itself is now surging past $260.
The congestion on the Solana network has prompted investors to seek relief from its first Layer-2 solution, Solaxy, banking on its potential to solve this persistent issue.
Originally launched on Ethereum, bridging two of the biggest DeFi ecosystems, Solaxy is now open to Solana users as well, giving investors access across both chains.
Now, Solana and Ethereum users can purchase $SOLX at $0.001608 per token for the next 44 h...