$TRUMP Coin Mania Prompts Solana ATH, High Demand For Solaxy – Next 100x Crypto?

Donald Trump’s new meme coin — Official Trump ($TRUMP) — is being viewed as a stamp of approval on Solana.

The fact that the POTUS — the leader of the free world — decided to launch a meme coin on Solana hours before his inauguration is being viewed as extremely bullish for SOL.

While $TRUMP reached a peak undiluted valuation of $15 billion, trading as high as $75, the Solana price hit a new all-time high on Saturday and has entered price discovery since.

A new meme coin Solaxy (SOLX), is also in high demand, having already raised nearly $12 million in its presale. With the Solana ecosystem in the spotlight, it is no surprise that prominent investors are viewing SOLX — the first prominent Solana Layer-2 — as the next 100x crypto.

The Trump Coin Has Crowned Solana As The Best Altcoin To Buy In 2025

As previously stated, Donald Trump launching a meme coin on Solana is perhaps the biggest stamp of approval the blockchain has received.

Moreover, the success of $TRUMP highlights one of Solana’s key selling points — the low transaction cost allows investors, including retailers, to make large investments and maximize their returns.

It is not without any reason that the Trump coin is up by more than 32,000% in 2 days, outperforming S&P 500’s returns since 1971.

To put this into perspective, this puts $TRUMP up 28,000% since launch.

This outpaces the S&P 500’s return since 1971, or 54 YEARS of S&P 500 returns.

Over this period, the S&P 500 has averaged +11% per year.

Not even Bitcoin has seen the rapid growth that we are seeing now. pic.twitter.com/bLzDK4jmN1

— The Kobeissi Letter (@KobeissiLetter) January 19, 2025

Early Official Trump buyers have become millionaires overnight. For instance, an investor who purchased $1 million worth of $TRUMP at 0.18 saw his investment balloon to $416 million at the meme coin’s all-time high. While he has realized some profits, he is still holding a majority of his TRUMP portfolio.

Meanwhile, Donald Trump’s notional net worth was up by nearly $60 million at the coin’s peak price.

The Official Trump price is currently trading at $56 with a $11.2 billion undiluted valuation and $56 billion FDV. While it is down by 25% from its all-time high, the recent Binance and Coinbase spot listings mean it could easily form a new peak in the coming days.

Meanwhile, the Solana price has entered price discovery, hitting an all-time high of $293. It is up by nearly 42% over the past month, as compared to Ethereum’s tepid price action.

Considering Trump chose to launch his meme coin on Solana and not on Ethereum is a major victory for SOL bulls. The President-elect is reportedly receptive to the idea of

Many analysts have raised SOL’s price target. Ali Martinez highlights that the Solana price has broken out of a cup-and-handle bullish pattern, which has a target of $4000.

$TRUMP launched on #Solana, not #Ethereum! https://t.co/9hR3FzAi66

— Ali (@ali_charts) January 18, 2025

Could Solana Layer-2 Token Solaxy Be Next 100x Crypto?

TRUMP’s bull rally has dried up liquidity in the meme coin sector, resulting in a broad-based decline. However, high-upside Solana meme coins continue to skyrocket.

For instance, Fartcoin ($FARTCOIN) reached a new all-time high of $2.2. Similarly, a new crypto coin Solaxy (SOLX) has impressed experts with its presale performance, raising nearly $12 million in short order.

Solaxy’s stellar presale performance isn’t a surprise for those aware of its key selling points. With the buzz surrounding Solana’s ecosystem, the first prominent SOL Layer-2 token being in high demand isn’t out of the ordinary.

As such, Solana’s network appears to be struggling with the heavy congestion caused by Trump’s meme coin mania. Top US-based exchange Coinbase informed users they may experience a delay while sending and receiving SOL.

Solana also saw major network scalability issues during last year’s meme coin season as well. In this regard, Solaxy could be a game-changer, with its roll-up architecture expected to play a key role in reducing downtimes, offering infinite scalability and fast and cheap transactions on both chains.

Investors are bullish on SOLX’s upside potential, with many calling it the next 100x crypto.

Early Solaxy buyers have also benefitted tremendously from its native staking pool, which is currently offering a reward rate of over 300%.

Visit Solaxy Presale

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