Donald Trump Eyes XRP and Solana? New L-2 Solaxy Nets $10M in Funding Frenzy

The crypto market seems to be relieved ever since the appointment of Donald Trump as the new POTUS. Frank Chaparro, an early Bitcoin investor, calls this an end of 4 years of regulatory “harassment” and “terror,” which was blatant under the Biden administration.

Earlier, banks were issued strict guidelines to stay away from businesses involving cryptocurrencies. This led to a massive debanking movement, where banks deboarded businesses that had anything to do with cryptocurrencies.

As per Marc Andreessen, a venture capitalist, 30 of his invested startups faced debanking. It’s not like the banks had too much of a choice, either. They would face regulatory harassment if they didn’t do what they were told.

This “privatized sanctions regime”, as Andreessen calls it, crippled the entire US crypto market, and growth became stagnant. Startups left the US for better opportunities abroad. However, now the tide seems to be turning.

Trump has been very vocal about his pro-crypto stance, which was one of his major election agendas. Analysts expect several crypto-favored laws to be passed, and there have already been early signs of that. Trump appointed ex-PayPal COO David Sacks as the new AI and crypto czar.

Not that there’s any second-guessing Trump’s admiration for the crypto market, but he very recently became the first US President to have his visage on the BTC blockchain.

However, it’s also expected that the Trump administration would adopt an America-first strategy, where the focus would be more on native American assets such as Solana, XRP, and Ripple.

The Solana Sweet Spot

This news comes just at the right time – a new Bitwise report expects Solana to surge by more than 3,000% by 2030. This means that the current price of $212 could go all the way up to $6,636, thanks to the “iPhone moment”.

Just as iPhone introduced technology to the world in 2007, Solana has built a fast, responsive, and easy-to-use platform, which aims to simplify crypto investments for the average investor.

The report also expects Solana’s current market share of 2.84% to surge to 11.36%. There’s good data to back up this claim, too. For instance, SOL saw a 2,800% increase in early 2024. Even in the sluggish 2023 phase, SOL saw a 239% increase in daily active users.

As per Bitwise, Solana is also way more efficient than the Layer-2 Ethereum chain. And now, Solana has also introduced its first Layer-2 solution – Solaxy ($SOLX). If you want a chunk of this Solana frenzy, now might be the right time.

Why Can $SOLX Be the Next Big Meme Coin?

Solana has been serving the crypto community for a while, and with time, it has been plagued with a couple of issues. The traffic on Solana is way too congested, which leads to slow or failed transactions, which brings in scalability issues.

This is where $SOLX comes into the picture. It’s the first-ever Layer-2 solution. It shares the burden of Solana’s Layer-1, leading to smoother operation. $SOLX bundles transactions through batch processing, which translates to lower overall costs and higher throughputs.

$SOLX has gained a lot of attention from meme coin investors and influencers and become the hottest presale of January 2025. It has raised $10.8M in presales, with several rounds still left. Early investors can also benefit from 325% APY staking rewards.

The project has reserved 10% of the total supply for listing and another 30% for development, showing the developer’s long-term commitment to the project. 25% of the supply has been kept for rewards and 15% for marketing. This reinforces the project’s objective of building a community-driven meme space.

Now that experts have dished out a positive outlook for Solana, Solaxy is all set to ride on the bull wave. Currently available at $0.001602, $SOLX could make you a millionaire in 2025.

However, ensure that you only buy $SOLX from the official Solaxy presale page, as there are a lot of scams around, and you certainly do not want to lose money.

Conclusion

Investments in crypto markets are prone to external economic forces and can be really unpredictable. This is why we advise you to do your own research and not take this article as financial advice. Consult your financial advisor before making any crypto investment decisions.