With meme coin momentum slowing and the broader market in flux, Dogecoin whales are making bold moves — and Solaxy is quickly becoming their next big play.
While DOGE holders saw gains just weeks ago, recent volatility has triggered a wave of profit-taking. Now, attention is shifting to a promising new project still in presale: Solaxy (SOLX).
Dogecoin Dips as Whales Exit Positions
Dogecoin held steady around $0.20 last week, but has since dropped to approximately $0.17 — a 14% decline over the past seven days.
That cool-off hasn’t gone unnoticed. Major holders – often dubbed “whales” – have started to reduce exposure, eyeing fresh opportunities with higher upside potential. Their sights are now set on Solaxy.
Solaxy (SOLX): The Whale-Favored Presale Heating Up
Solaxy isn’t just another meme coin riding hype. It’s a Layer-2 scaling solution being built specifically for Solana – something the chain has needed as user activity and congestion continue to rise.
The numbers tell a compelling story. Over $44 million has already poured into the Solaxy presale in just three months, with an average of $200,000 flowing in daily. The presale ends June 16, and the current token price is still just $0.001746.
Analysts are calling it a sleeping giant, forecasting an 11x jump post-launch – and a potential 93x by early 2026.
Why Solaxy Stands Out in a Crowded Market
At its core, Solaxy is solving a real problem. Its upcoming Layer-2 tech processes transactions off-chain before finalizing them on Solana’s mainnet – increasing speed while reducing gas fees and network congestion.
Its testnet is already live, complete with a blockchain explorer and a functional cross-chain bridge. But that’s not all. Solaxy is also launching the Igniter Protocol, a native launchpad for new token projects, bringing even more utility to the ecosystem.
With staking rewards up to 94% APY, SOLX is attracting both early adopters and passive-income seekers.
Market Conditions Create a Perfect Storm
As Dogecoin mining rewards increase due to its merge with Litecoin, miners have been offloading tokens – adding more downward pressure to DOGE’s price.
Meanwhile, Bitcoin hovers around the $100,000 mark, stealing the spotlight from altcoins and making it tougher for older meme coins to keep pace.
This environment is ideal for presales like Solaxy, offering investors the chance to get in early before listings ignite the next wave.
If current momentum holds, analysts believe SOLX could climb as much as 388% by year-end.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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