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Crypto sentiment has turned decisively bullish after Bitcoin (BTC) soared to a new all-time high just below $112,000 this afternoon. Historically, whenever Bitcoin breaks a previous ATH and extends gains by double digits, altcoins tend to follow with their own explosive rallies within weeks. In the past 24 hours, Solana (SOL) surged another 5% to trade around $180 on daily volume that spiked 86% to over $7 billion—marking a sharp recovery from the coin’s $95 mid-April lows.
As the broader crypto market’s optimism returns, and analysts ask if $200 is the next target for Solana, investors are keeping a close eye on the L1 chain’s ability to handle potential network congestion. Solana has faced congestion hurdles in the past, especially when transactions ramp up around hot meme coin launches—but now, an emerging Layer 2 project called Solaxy (SOLX) looks ready to offload the pressure by running parallel execution processes for Solana transactions. This solution is arriving at the perfect time; Solaxy’s presale has skyrocketed past $39.2 million, with $1 million raised in just the last two days.
The Solaxy team recently confirmed that the SOLX presale will end on June 16, meaning investors have only a few weeks left to grab SOLX at a discounted price of $0.001732. Meanwhile, Solana’s on-chain stats continue to exhibit impressive growth, with DEX volumes and institutional flows trending upward. Some analysts suggest that SOL could break through major psychological levels (such as the $200 mark) very soon, especially if altcoins catch bigger bids in the aftermath of BTC’s massive bull run.
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Solana’s Bullish Cycle Sparks Hype – Can SOL Hit $200 Next?
Although Bitcoin’s latest ATH is lifting the entire crypto market, Solana’s breakout attempt isn’t just a passive reaction to the broader trend, as the project has seen a number of positive headlines that reinforce its long-term potential.
Most notably, Solana Mobile announced it will release its first crypto-centric smartphone (called the “Seeker”) on August 4 this year. Priced at $500, the Seeker aims to make it easier for users to interact with Solana’s ecosystem on the go.
MetaMask co-founder Dan Finlay has also revealed that the mainstream crypto wallet will begin supporting Solana natively this month. This addition is remarkable because MetaMask previously only catered to EVM-compatible chains (like Ethereum and Polygon).
META MASK CEO CONFIRMS NATIVE SOLANA SUPPORT: DETAILS…
– MetaMask Co-founder and CEO Dan Finlay confirmed that MetaMask will add native support for Solana’s blockchain in May 2025.
– For the first time, MetaMask will move beyond the Ethereum Virtual Machine (EVM) ecosystem,… pic.twitter.com/ruKQUTde0t
Integrating Solana means that MetaMask will connect millions of new users to Solana-based DeFi, NFT, and Web3 gaming dApps without requiring them to jump through complicated configuration steps.
From a technical perspective, SOL is forming a bullish ascending channel that could push its price to around $210 if the momentum continues. The well-known analyst Ali Martinez identified this pattern in a recent tweet, explaining that SOL is still in the early phase of its breakout cycle.
On the institutional front, BlackRock recently expanded its tokenized money market fund, BUIDL, to the Solana blockchain. This move points to growing trust in Solana’s infrastructure from mainstream finance giants.
Compounding the excitement is the possibility of a broader altcoin season. CoinMarketCap’s Altcoin Season Index signals that we are still in a “Bitcoin Season,” which historically transitions into an altcoin surge later on. Solana typically performs even better when altcoins take center stage, so crossing the $200 threshold appears well within reach.
However, for Solana to sustain that growth, it must prove it can remain stable and fast during high-traffic events. That’s where Solaxy comes in—with a parallel processing design that could dramatically boost throughput on Solana.
Solaxy Could Be the Key to Unleashing Solana’s Full Potential in 2025
Solaxy (SOLX) is Solana’s first Layer 2 platform, designed to prevent network slowdowns that occasionally hit the blockchain when a flood of users mint NFTs, trade meme coins, or jump into the latest DeFi trends.
Instead of all transactions squeezing through Solana’s base layer, Solaxy will run a parallel execution layer that takes transactions off-chain and then settles them back on the Solana L1. This mechanism will ensure that Solana’s mainnet doesn’t get compromised under congestion, enabling near-instant transaction speeds and minimal fees—even during peak demand.
Solaxy recently announced the official launch of its testnet bridge, which will connect Solaxy to the Solana devnet (and later the Ethereum mainnet).
🛸 Solaxy Testnet Bridge is LIVE! 🛸
You can now bridge native SOL between Solana Devnet and Solaxy Testnet at https://t.co/BFMV1G9v4c 🔥🚀
Built with Hyperlane, this is the first step toward full cross-chain interoperability.
During its previous pre-launch updates, Solaxy made massive progress by reducing the time it takes to bring new nodes online—so if the network needs to scale quickly, it can do so with minimal downtime. The dev team has also optimized transaction grouping and processing, reducing latency during high-traffic periods.
Prominent crypto influencers like ClayBro are already marking SOLX as a potentially undervalued gem that could pump quickly, especially if altcoins continue thriving. In a recent YouTube video, ClayBro emphasized that a functioning Layer 2 on Solana could unlock a wave of new projects, spanning high-traffic DeFi protocols, Web3 games, and NFT collections.
Given that Solaxy directly addresses Solana’s biggest weakness (network reliability under heavy loads), it’s no surprise that whales have shown heavy interest—with one investor recently purchasing around $400,000 worth of SOLX tokens in one go. This large transaction signals growing demand for a project that’s poised to play a central role in Solana’s scaling roadmap.
Last Chance to Buy SOLX Before Presale Ends in 24 Days
Solaxy’s presale has now raised over $39.2 million from early supporters (with more whale buys expected soon), and will end on June 16. That leaves just 24 days for investors to buy SOLX at $0.001732 before it lists on crypto exchanges. Given the heavy interest from both retail and major investors, market veterans are expecting SOLX’s price to jump sharply once trading goes live.
Participating in the SOLX presale is straightforward: simply go to the official Solaxy website, and connect an eligible Web3 wallet to make your purchase using SOL, ETH, USDT, or a standard bank card. After buying SOLX, you can stake your tokens right away to earn a dynamic annual percentage yield (APY) of up to 103% pa.
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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.