President Trump’s announcement of a planned U.S. Crypto Strategic Reserve sent Solana and Bitcoin soaring as investors reacted to the news.
Amid this positivity, Solaxy's new Solana layer-2 solution reached a major milestone – passing $24.7 million in its presale funding round.
Trump’s crypto reserve announcement prompts market-wide rally
The crypto market surged in the past 24 hours after Trump revealed his reserve plan, which includes Solana, Cardano, XRP, Bitcoin, and Ethereum.
In a series of Truth Social posts, he outlined his vision to make the U.S. the “Crypto Capital of the World.”
Solana has been one of the top beneficiaries of Trump’s announcement.
SOL jumped 18% to $169 as investors reacted to its inclusion in the proposed reserve.
Bitcoin also gained, climbing to $93,200 – an 8% rebound from yesterday’s low.
However, the rally extended beyond SOL and BTC, with most major cryptocurrencies trading in the green.
Cardano was the biggest winner, surging 80% to trade above $1 on the news.
While specifics of the proposed crypto reserve remain limited, the positive response suggests that investors are taking the administration’s crypto plans seriously.
Solaxy’s presale funding has also picked up momentum.
Since yesterday, the Solana layer-2 solution has seen a spike in buys as investors look to secure SOLX tokens for $0.001652.
Solaxy’s layer-2 solution aims to tackle Solana’s network congestion challenges
Solaxy is positioning itself as the first dedicated layer-2 scaling solution for Solana.
The project aims to address Solana’s growing pains, namely network congestion during peak traffic periods, which has sometimes resulted in transaction failure rates as high as 50%.
Solaxy takes transactions off Solana’s mainnet, processes them separately, and settles them back on the main chain.
This approach reduces congestion and improves efficiency, especially during high activity, like meme coin launches.
The native SOLX token powers Solaxy’s ecosystem.
The token serves multiple functions, such as transaction fees, governance, and staking.
Staking rewards are estimated at 166% per year but are expected to gradually decrease as more investors lock up their SOLX.
None of these features sacrifice security, as Solaxy’s team has had SOLX audited by blockchain security firm Coinsult.
Coinsult’s audit found no vulnerabilities and confirmed there are no minting risks.
Growing community and strategic tokenomics drive SOLX presale demand
Solaxy has been expanding its community presence in recent weeks.
The project’s Twitter and Telegram channels have grown significantly, and SOLX has also been featured on crypto ranking sites like CoinSniper.
This social momentum has coincided with Trump’s crypto-friendly announcements.
Early investors have also been drawn to Solaxy’s tokenomics structure, with the 138 billion SOLX supply distributed across several key areas.
The largest allocation (30%) of tokens is for development, while 25% will be used for community rewards.
Source: SOLAXY
Treasury reserves, marketing efforts, and exchange listings have been allocated the remaining SOLX.
This tokenomics structure ties into Solaxy’s development roadmap.
The roadmap outlines three key phases: the current presale process, the token generation event (TGE) with multi-chain deployment, and the full layer-2 launch.
Early investors are already looking forward to this launch – citing Solana’s need for scaling solutions as the network grows.
The timing of Trump’s announcement has only added to the interest.
Whether this enthusiasm leads to long-term success is uncertain, but Solaxy’s presale momentum suggests investors are betting on the infrastructure needed to support Solana’s growth.