The post Solana Tokens Rally as Solaxy ICO Surges – Best Meme Coin to Buy? appeared on BitcoinEthereumNews.com.

Solana-based meme coins are experiencing significant growth, driving increased interest in Solaxy, a Layer 2 solution designed to tackle scalability issues. Having raised over $31 million in its ICO, Solaxy is focused on improving transaction speeds and reducing network congestion on Solana. As meme coin activity continues to rise, Solaxy’s infrastructure upgrade will play a crucial role in supporting Solana’s long-term growth. With strong community backing, Solaxy is rapidly becoming an essential component of Solana’s future. Fear Fades as Solana Meme Coins Ignite a New Bullish Wave The broader cryptocurrency market, particularly meme coins, is experiencing a strong resurgence. With a collective market cap hitting approximately $54 billion (a 10% increase), meme coins are surging. Source – 99Bictoins YouTube Channel This rally is matched by a dramatic ~96% increase in trading volume, signaling robust market engagement and strong speculative interest. Among today’s top performers are meme coins built on the Solana blockchain, which are clearly leading the charge. Solana itself is showing impressive strength, up 7% on the day and currently trading at $158. This bullish momentum is spilling over into Solana-based meme tokens, many of which are seeing significant gains. Fartcoin is up nearly 8%, SPX6900 has surged by 14%, and Dogwifhat has posted an impressive 26% gain on the day, bringing its weekly performance to a remarkable 52%. Other notable meme coins on Solana include PENGU, which has soared 32%, and Popcat (SOL), up 19%. MELANIA has also joined the rally, while TRUMP has seen an 11% increase, further reflecting the growing optimism within the meme coin space. What makes this rally particularly noteworthy is that it’s happening despite a backdrop of market fear. Even as caution lingers, investors are increasingly embracing speculative assets — a sign that confidence in a broader market rebound may be returning. Meme…

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Filed under: News - @ April 23, 2025 8:29 pm