Official Trump Coin’s 415.65x Surge Causes Solana Congestion As Bulls Pivot To $12.4M Solaxy, Its First Layer-2 ICO
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 20 2025Solaxy's ICO Success: Solaxy has raised $12.4 million in its ICO following the launch of the meme coin Official Trump ($TRUMP), which saw a staggering 415.65x return, causing congestion on the Solana network and prompting interest in Solaxy as a Layer-2 solution to enhance scalability and transaction efficiency.
Potential for Future Growth: With the surge in meme coins linked to the Trump family and the growing demand for efficient trading platforms, Solaxy is positioned to address Solana's existing issues, potentially leading to a billion-dollar valuation similar to successful Ethereum Layer-2 projects.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
