Solana’s meme coin sector is back in the green.
Both TRUMP and BONK have rallied, up over 7% each in the past 24 hours.
But some traders are keeping tabs on Solaxy instead – believing this new Layer-2 project could explode even higher after its presale phase ends.
TRUMP, BONK, and Others Rally as Solana Meme Coin Space Heats Up
So, what’s behind all this meme coin momentum on Solana?
It looks like retail investors are shaking off the recent uncertainty and diving back into this wild corner of the market.
Almost every Solana-based meme coin is in the green, a sign that the bulls are currently in control.
The gains are impressive – TRUMP is now sitting around $11.70, pushing its market cap north of $2.3 billion.
And BONK, the OG Solana meme coin, is trading around $0.000013, with an enormous $230 million in trading volume since yesterday.
WIF and FARTCOIN have also posted solid returns.
But the biggest gainer has been PENGU – up 10% from where it was yesterday.
These price increases have pushed the total Solana meme coin market cap to $8.3 billion, and trading volumes are also rising fast.
Even outside the Solana ecosystem, meme coins like DOGE and PEPE are also rallying, confirming that retail traders are back.
Why Are Meme Coins Rallying? Bitcoin’s Recovery and Market Optimism
But why are Solana meme coins – and meme coins in general – showing signs of life?
It seems like they’re taking their cues from the broader crypto market, which has rallied after a period of consolidation.
Bitcoin has bounced back above $87,000, a level it hasn’t seen since March 7.
Ethereum is trading above $2,000, and other major altcoins like XRP and SOL have posted solid gains.
The entire market is green, with the Crypto Fear & Greed Index on the brink of escaping “Fear” territory.
Investors are feeling optimistic again.
However, while Bitcoin heads into the end of Q1 on an upbeat note, some traders remain cautious.
The Personal Consumption Expenditures (PCE) index release later this week adds some uncertainty – it’s the Fed’s favorite inflation gauge.
Plus, new US tariffs kicking in on April 2 could throw a wrench in the works.
While stablecoin reserves on Binance are high – usually a good sign – there’s a sense that today’s rally might be temporary, and another pullback is a distinct possibility.
Solaxy Presale Raises Over $27M – Will SOLX Benefit from Solana Meme Coin Rally?
However, if the crypto rally does continue, where should you be looking for the next big thing?
Presale projects are considered high-risk, high-reward opportunities, but one that’s generating enormous buzz right now is Solaxy.
And this project offers much more than a standard meme coin.
Solaxy aims to be the first-ever Layer-2 solution built on top of Solana.
In simple terms, it’s designed to make Solana faster, cheaper, and more capable of handling a high volume of transactions without getting congested.
The SOLX token itself powers this Layer-2 ecosystem – it’s used for transaction fees, staking, and even project governance.
At the time of writing, Solaxy’s presale has raised over $27.7 million.
This figure shows how much faith early investors have in Solaxy’s team and roadmap.
Even popular YouTubers like Cilinix Crypto are praising Solaxy.
All of this has helped Solaxy reach 73,500 followers on X (Twitter) and 10,100 members on its Telegram channel.
With the Solana meme coin space soaring again, a project like Solaxy, which aims to improve the underlying infrastructure, is perfectly positioned to benefit.
If Solaxy’s team can deliver on their promises, there’s every chance the SOLX token could explode next – like TRUMP and BONK have.
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