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
hours
before
the
price
increases
to
mark
the
next
funding
stage.

$TRUMP
And
$MELANIA
Cause
Solana
Network
Congestion
–
Solaxy
To
the
Rescue 

Official
Trump
launched
on
Solana
at
2
a.m.
UTC
on
Saturday,
catching
many
by
surprise
with
a
meme
coin
release
just
ahead
of
his
inauguration
on
Monday.

Initially
doubted
as
a
scam,
the
token
gained
legitimacy
after
official
posts
on
Donald
Trump’s
accounts
–
first
on
Truth
Social
and
then
on
his
official
X
account
–
appeared
to
confirm
its
authenticity.

My
NEW
Official
Trump
Meme
is
HERE!
It’s
time
to
celebrate
everything
we
stand
for:
WINNING!
Join
my
very
special
Trump
Community.
GET
YOUR

$TRUMP
NOW.
Go
to

https://t.co/GX3ZxT5xyq
—
Have
Fun!

pic.twitter.com/flIKYyfBrC

—
Donald
J.
Trump
(@realDonaldTrump)

January
18,
2025

According
to

DEXTools
data,
from
a
starting
price
of
$0.1824,
$TRUMP
surged
to
a
high
of
$75.83
–
a
staggering
41,565.7%
jump
in
just
over
two
days.
The
trading
volume
was
significant
enough
to
propel
$TRUMP
to
a
market
cap
of
$14
billion,
although
it
currently
sits
at
$10
billion.
It
still
ranks
among
the
top
20
most
valuable
crypto
assets
and
in
the
top
three
meme
coins,
surpassing
Pepe
($PEPE).

Less
than
24
hours
later,
a
follow-up
token
for
the
incoming
first
lady,
Official
Melania
($MELANIA),
was
announced
via
Melania
Trump’s
official
X
account.
As
of
Monday,
$MELANIA
quickly
rose
to
the
top
60
crypto
assets.

However,
the
surge
in
trading
activity
from
$TRUMP
and
$MELANIA
led
to
the
familiar
problem
of
network
congestion
on
Solana. 

Yet,
while
many
users
have
voiced
frustration
over
the
network’s
inability
to
handle
the
increased
traffic,
others
have
shifted
their
sights
to
its
first
Layer-2
solution,

Solaxy,
which
aims
to
address
Solana’s
congestion
issues.

Solaxy
Is
Building
A
More
Efficient
Trading
Platform
For
Solana-Based
Meme
Coins
Like
$TRUMP
And
$MELANIA

Solaxy
has
been
in
presale
for
just
over
a
month,
and
early
investors
are
already
scooping
up
$SOLX
tokens
at
lightning
speed
as
they
position
themselves
in
what
could
be
the
solution
to
not
only
Solana’s
congestion
issues,
but
its
pesky
transaction
failures
and
scalability
woes
as
well.

Essentially,
Solaxy
is
an
enhancement
to
Solana,
which
will
allow
developers
to
build
decentralized
applications
or
launch
new
tokens
without
compromising
and
even
improving
Solana’s
Layer-1
capabilities.

The
end
result?
Solaxy
will
supercharge
Solana,
making
it
far
more
capable
of
handling
increased
activity
with
a
dramatically
lower
risk
of
transaction
failure.
When
launched,
it
promises
to
significantly
boost
network
stability
and
capacity,
especially
during
times
of
high
demand.

Thus,
Solaxy
positions
Solana
as
a
much
more
powerful
chain
for
trading
meme
coins
–
one
that
won’t
buckle
under
pressure
as
it
did
with
$TRUMP
and
$MELANIA
over
the
weekend.

Popular
crypto
influencer
ClayBro
has
taken
note
of
the
presidential
meme
coin
bonanza
and
shared
his
insights
on
how
it
has
fueled
demand
for
$SOLX.

More
Trump
Family
Meme
Coin
Launches
Might
Increase
Solana’s
activity,
Heightening
Need
For
Solaxy 

Celebrity
meme
coins
have
already
become
a
major
trend
since
meme
coins
surged
as
a
legitimate
sector
of
crypto
in
2024. 

Coins
like
Mother
Iggy
($MOTHER),
Jason
Derulo
($JASON),
and
Caitlyn
Jenner
($JENNER)
have
popped
up,
with
more
celebrities
diving
into
the
crypto
space.

With
the
new
U.S.
president
and
first
lady
making
their
meme
coin
debut,
their
presence
could
spark
a
fire,
leading
to
even
more
tokens
to
follow
suit.
Paweł
Łaskarzewski,
CEO
and
co-founder
of
Nomad
Fulcrum
hedge
fund,
even
took
to
X,
stating
that
the
entire
Trump
family
could
be
next.

What
the
fuck
is
happening!
????

????
First
Lady

@MELANIATRUMP
just
launched
her
own
memecoin!
????$TRUMP
and
$MELANIA
are
generating
insane
volumes,
and

$TRUMP
plummeted
by
$7B
in
just
one
minute.

2025
bingo,
anyone?
????
Will
we
see
more
Trump
family
memes?

pic.twitter.com/dqxWasbZTi

—
Paweł
Łaskarzewski
(@PawelSynapse)

January
20,
2025

The
trend
may
spill
over
into
Solana,
with
new
meme
coins
launching
on
the
blockchain,
potentially
triggering
another
surge
in
activity
that
could
congest
the
Layer-1
network.
But
that’s
not
all
–
this
momentum
could
fuel
newer
token
launches,
especially
on
platforms
like
Pump.fun.

What
all
of
this
underscores
is
the
urgent
need
for
a
solution
to
resolve
Solana’s
existing
issues
if
users
want
to
maximize
their
trading
potential.

And
with
all
eyes
on
it,
everyone
is
eagerly
awaiting
the
grand
debut
of

Solaxy
to
step
in
and
save
the
day.

$SOLX
Has
Billion-Dollar
Valuation
Potential
As
Solana’s
First
Layer-2

Solaxy’s
presale
is
quickly
approaching
the
$13
million
mark,
and
this
surge
highlights
how
much
the
Solana
community
is
recognizing
the
potential
value
of
their
$SOLX
holdings
in
the
future.

Layer-2
solutions
on
Ethereum
have
grown
into
a
$15.6
billion
market,
with
the
top
five
projects
each
valued
at
over
a
billion
dollars.
Solaxy
holds
similar
potential,
as
the
scalability
issues
with
Solana
are
already
evident,
and
Solaxy
is
arguably
the
best
solution
to
address
them.

To
participate
in
Solaxy’s
launch
and
contribute
to
its
success,
visit
the

Solaxy
website
and
connect
your
wallet,
such
as

Best
Wallet.

Best
Wallet,
a
leading
next-gen
crypto
wallet,
has
added
Solaxy
to
its
“Upcoming
Tokens”
list.
This
feature
has
consistently
spotlighted
promising
projects,
including
successful
picks
like
Pepe
Unchained
($PEPU)
and
Catslap
($SLAP).

For
Best
Wallet
users,
purchasing
$SOLX
is
seamless
and
can
be
done
directly
within
the
app.

Stay
updated
with
the
latest
developments
by
joining
the
Solaxy
community
on

X
and

Telegram. 

Visit
Solaxy.