Solaxy Token Launch Scheduled for June 23 Following $55M Presale
Solaxy is set to launch its SOLX token on June 23 after raising over $55 million in the largest Solana-based crypto presale to date. Promoted as a Layer-2 protocol using rollup technology to scale Solana to 10,000 TPS, the project claims it will reduce congestion through off-chain execution.
After burning 55 billion tokens, 83 billion SOLX remain, implying a fully diluted valuation near $150 million at launch. However, the team remains anonymous, no audited product is live, and staking mechanics involve unrealistic yields. Core features like the mainnet, DEX, and meme coin launchpad are planned for July, but none are currently available.
By comparison, recent presale launches like Rexas Finance and Pepe Unchained now trade around $25M and $16M market caps, respectively, over 90% below their listing prices. With no clear traction or product, whether Solaxy can hold its presale valuation remains uncertain.
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