Solana is making significant strides in the crypto market, despite the seemingly quiet price action. Currently trading around $153, Solana reached a high of $186 in the last two weeks before retracing to its current level.
Over recent months, the price chart has shown a healthy upward curve, reflecting steady growth and resilience. More importantly, on-chain data reveals a surge in retail participation, with the number of wallets holding at least 0.1 SOL reaching an all-time high of 11.6 million.
Although 0.1 SOL equates to just around $15, this growing base of small holders points to increased confidence and belief in Solana’s long-term potential. Unlike networks where whales dominate and absorb smaller positions, Solana is experiencing a grassroots movement fueled by retail optimism and expanding DeFi activity.
Source – ClayBro on YouTube
Solana Price Prediction
Solana is currently facing a pivotal moment in its price trajectory. After briefly moving into a key resistance zone between $160 and $164, the price failed to reclaim this level, encountering strong resistance from multiple technical indicators, including the 200 EMA, the 4-hour downtrend line, and the 7-day rolling VWAP.
This rejection suggests a potential move lower in the short term, with targets around $150 and possibly down to the 90-day rolling VWAP near $142.
Although there’s a chance for a bullish reversal—particularly if broader market strength returns—there is currently insufficient confirmation to support that scenario.
The most likely outcome remains continued consolidation or a gradual decline, unless significant buying pressure reemerges, particularly during key trading sessions such as the U.S. market open.
New Solana Meme Coin Solaxy Set to Launch – Is This the Next MIND of Pepe?
Despite the bearish technical setup, Solana’s fundamentals remain relatively strong. Decentralized exchange (DEX) trading volumes have been impressive recently, and momentum may receive an additional boost from the upcoming launch of a high-profile meme token on the Solana network.
While total value locked (TVL) has dipped slightly, this is largely attributed to the declining price of SOL itself, which influences the valuation of Solana-based assets. One such token gaining traction is Solaxy (SOLX), which has already raised approximately $44 million with less than two weeks remaining in its ICO.
The project has also amassed over 76,000 followers on X (formerly Twitter), showcasing strong community interest. The momentum around Solana-based meme coins is reminiscent of recent breakouts like MIND of Pepe, which surged over 100% in a single day shortly after its launch.
MIND of Pepe raised over $12 million and has since hit fresh highs, further affirming the bullish sentiment returning to the crypto space. Positioned as Solana’s first layer-2 chain, Solaxy aims to solve some of the most pressing issues within the Solana network, such as congestion, failed transactions, and limited scalability.
The Solaxy universe is expanding every day. 
44M Raised! 
pic.twitter.com/yIRZinZAPR
— SOLAXY (@SOLAXYTOKEN) June 4, 2025
With its unique architecture, Solaxy offloads transaction volume onto its own chain using rollups, enhancing the speed and efficiency of the network during peak activity periods. The project boasts a robust development pipeline, with a live testnet already available.
Users can bridge Solana Devnet tokens to the Solaxy chain, deploy smart contracts using Solana’s native tools, and monitor activity through the dedicated Solaxy Explorer.
Further utility is expected through the launch of a decentralized exchange (DEX) and the Igniter Protocol, both of which are designed to expand the ecosystem and drive token value.
Solaxy is also being marketed as a meme coin with multi-chain compatibility and an emphasis on real utility, blending hype with functionality. The $SOLX token is priced at $0.001746 and is currently available for purchase via popular crypto wallets, including MetaMask and the Best Wallet app.
Solaxy is positioning itself not only as a meme-worthy investment but also as a technical upgrade to the Solana ecosystem. With strong tokenomics, a growing community, and concrete development milestones already met, it’s no surprise that investors are taking note.
The final days of the presale offer a narrow window for those looking to secure early entry before public trading begins. To take part in the $SOLX token presale, visit solaxy.io.
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