Fartcoin is now at a turning point, with its market cap down 12% today to $825.19 million after months of sharp growth. Trading volume has also fallen by 30%, showing clear signs of fading momentum.
As Fartcoin struggles to recover, investors are quickly shifting focus to new plays. One of the most talked-about right now is Solaxy, which is closing in on its ICO deadline with less than 48 hours left — and whales are already actively buying the SOLX token ahead of its launch.
Source – Cryptonews YouTube Channel
Fartcoin (FARTCOIN) Price Analysis
Fartcoin is currently sitting at an $825.19 million market cap, a critical zone that could either lead to further decline or a potential bounce.
After climbing from a $200 million low to a $1.5 billion peak over the past six months, the meme coin has sharply pulled back. Despite its impressive growth since March, Fartcoin is now under pressure.
The asset is down 12% today, with trading volume dropping 30%, showing clear signs of fading momentum. Over the past week, Fartcoin has seen a steady downtrend, with the price falling from around $1.20 to $0.82, especially after sharper drops on June 20 and 21.
This continued decline and weakening activity suggest sustained selling pressure, with no signs of a strong recovery yet. Fartcoin has dropped 28% in the past seven days and is down 40.70% for the month, though it remains among the top meme coins by market cap.
Fartcoin is now hovering near a key level that has previously acted as both support and resistance. Traders are watching this closely as it may signal the next big move.
Some investors still see potential for a recovery if the meme coin sector regains momentum. Fartcoin’s former all-time high of $2 billion offers major upside if sentiment shifts.
Others have compared it to Bonk, which once hit a $3.71 billion market cap—levels that could offer substantial returns if reached.
As Fartcoin remains volatile, many traders are now looking at fresh opportunities like Solaxy, which is building strong anticipation ahead of its launch.
Solaxy Nears Launch: A Meme Coin with Big Upside Potential
Solaxy, a new Solana-based project, is set to launch in less than two days. The project has already raised an impressive $56 million, positioning itself as the first-ever Layer 2 solution for the Solana ecosystem — similar in concept to Base on Ethereum.
Another broken barrier for $SOLX 
56M Raised! 
pic.twitter.com/G97yaSko3k
— SOLAXY (@SOLAXYTOKEN) June 21, 2025
Just as Ethereum’s Layer 2 solutions like Arbitrum and Optimism experienced explosive growth after their respective launches, Solaxy’s integration with Solana could offer similar upside potential.
As the first Layer 2 on Solana, Solaxy directly addresses the network’s scalability challenges, establishing itself as a critical infrastructure project that could thrive in the next market cycle.
Further fueling investor interest is Solaxy’s aggressive token-burning strategy. In just the past two weeks, the project has burned a total of 55 billion tokens, reducing the circulating supply by approximately 40%.
The most recent burn, involving 20 billion tokens, followed a 35 billion token burn from the previous week. This sharp reduction in supply is expected to have a lasting impact by tightening token availability at a time when demand is building.
Solaxy’s burn campaign has already drawn comparisons to Shiba Inu’s well-known token burn model, which significantly reduced its circulating supply over time. For Solaxy, this aggressive burn is creating meaningful scarcity even before the mainnet officially goes live.
Solaxy Nears Launch with Growing Demand and Tightening Supply
The token’s highly anticipated launch is set for June 23, when claiming will officially open alongside the activation of the bridge between Solana and Ethereum.
Major exchange listings are expected to follow soon after, although exact listing dates are being rolled out in phases.
With supply shrinking rapidly and demand steadily building, Solaxy’s position as Solana’s first Layer 2 solution gives it a strong edge in the market. Many investors view Solaxy as a high-upside opportunity, particularly if the broader crypto market shifts into a new bull phase.
As Solana continues to grow as one of the top blockchain ecosystems, the need for scalable Layer 2 solutions like Solaxy is likely to accelerate. This structural demand, combined with Solaxy’s aggressive token burns, could support further price appreciation over time.
With the launch now just days away, traders and investors are closely watching Solaxy’s debut and its potential to carve out a leading role in Solana’s Layer 2 landscape.
Visit Solaxy
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