Fartcoin Pumps 17% as Bulls Target $5 This Summer: Solaxy Raises $46 Million

Fartcoin, one of the most talked-about meme coins on the Solana network, has surged nearly 17% in the past 24 hours. This rally follows speculation about an upcoming major exchange listing, prompting bullish traders to eye a potential move toward the $5 milestone this summer.

While many skeptics have mocked its purely humorous brand aesthetic, Fartcoin’s growth story proves that the market is still willing to back tokens with exceptionally supportive communities. Today, Fartcoin boasts a total supply of 1 billion tokens, which have been widely dispersed among holders with no single controlling entity in play.

At the same time, a trending new Solana-based presale project called Solaxy (SOLX) is making waves. It’s raised over $46 million thus far from early supporters, and has been making real progress on its technical roadmap – with a view toward launching the first-ever Layer 2 solution on Solana.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.

Fartcoin Pumps on Coinbase Listing Hype – $5 Price Target Now in Play?

Fartcoin’s price action has grabbed the spotlight by registering a nearly 17% gain in just one day, placing it among the top-performing meme coins on the entire market right now.

One of the major catalysts behind this is the buzz around a possible Coinbase listing for Fartcoin. Although not yet officially confirmed, Coinbase recently added Fartcoin to its listing roadmap, naturally leading market commentators to speculate about the exchange’s next move. Historically, many cryptos have experienced a quick spike in both volume and price after appearing on Coinbase’s radar, creating an overall trend often referred to as the “Coinbase effect.”

Fartcoin’s daily chart reveals a surge in buy orders right after the meme coin bounced off the $0.93 support level. This means that momentum-chasing traders likely saw the Coinbase news as a lucrative opportunity and jumped in, fueling a series of green daily candles.

Another driver for Fartcoin’s price increase is the return of whale buyers. A whale wallet known as 2WfeaM recently made headlines after purchasing $2 million worth of Fartcoin, signaling confidence in the meme coin’s future. The same whale previously closed a Fartcoin position with a net gain of over $368,000 – and now they’re pushing for even more profits.

The popular crypto analyst CryptoKaleo recently noted that Solana-based meme projects like Bonk and Dogwifhat climbed to $5 billion valuations during their own peak-setting rallies. Kaleo is now implying that Fartcoin might replicate that growth (and even see a gigantic parabolic move to $5 or more) if its current momentum holds.

Meanwhile, experienced traders have been taking their newly-won profits and investing them into Solaxy – a new presale-stage meme coin project that’s taking over the internet while its dev team prepares to introduce Solana’s very first Layer 2 blockchain.

Solaxy Is Building the Backbone for Solana’s Future

While Fartcoin clearly thrives on speculative hype, Solaxy aims to deliver something more substantial – a groundbreaking Layer 2 that could finally put an end to the Solana ecosystem’s now-famous scaling difficulties.

Solana has built an almost peerless reputation for extreme speeds and relatively low fees – but it’s also struggled with congestion and transaction slowdowns whenever the network sees a spike in usage. Now that Solana’s total value locked (TVL) has surpassed $8.8 billion, and its total number of active wallet addresses has remained above 3 million for most of this year, reliability has repeatedly become a sticking point.

By shifting transactions off Solana’s main chain and settling them in batches, Solaxy’s Layer 2 will free up space and dramatically boost the entire ecosystem’s throughput. It’s similar in principle to Ethereum’s L2 rollups (like Arbitrum and Optimism), except it’s designed from the ground up to be compatible with Solana’s architecture. For users frustrated by slow block confirmations and occasional network outages, Solaxy’s approach offers a potential fix without requiring a complete overhaul of Solana’s Layer 1.

Solaxy’s constantly expanding list of completed roadmap goals includes the creation of Igniter Protocol – a built-in launchpad for developers who want to create new tokens and dApps directly on Solaxy’s Layer 2. Igniter will be paired up with the Solaxy network’s integrated DEX, where users can trade their new tokens with low fees and near-instant transactions. The DEX will tap into Solaxy’s high throughput capabilities, ensuring smooth trading experiences even during peak activity.

Moreover, Solaxy has plans to offer a cross-chain bridge, which will help liquidity to flow freely between all of its connected ecosystems (initially Solaxy, Solana, and Ethereum). This would automatically increase Solaxy’s user and developer base far beyond the limits of the Solana community.

The Solaxy testnet is also up and running, and features a block explorer as well as a demo version of the aforementioned bridge – so early adopters can start getting to grips with the network’s technical intricacies before its mainnet launch.

Final Chance to Buy SOLX at $0.001752 Before Exchange Listings

With just six days left before the June 16 deadline, investors are running out of time to buy SOLX during its presale at $0.001752. Once the presale ends, the token price could jump significantly when Solaxy debuts on public exchanges, especially if the current bullish sentiment extends into the next several weeks and months.

Presale participants can stake their newly bought SOLX tokens immediately to earn up to an 87% APY.

The Solaxy team has hinted at multiple major exchange listings lined up for its launch – so if SOLX hits these platforms during a market-wide price surge, its visibility and liquidity could skyrocket. The broader crypto market has seen altcoins and presales thrive whenever Bitcoin stabilizes and capital rotates into smaller-cap opportunities – and that trend appears to be unfolding right now.

Visit Solaxy Presale

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Nikolay

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.