Meme coins riding Solana too hard? Solaxy says hold my $SOLX – first Layer-2 just blew past $36M in presale

Solaxy’s presale has raised $36.1 million, adding $600,000 in just one day. As Solana’s meme coin segment flourishes, its market cap has climbed to $72 billion, raising questions about long-term sustainability.

While Sygnum expresses skepticism about Solana’s meme coin reliance, major firms like VanEck remain optimistic, predicting that $SOL may reach $520 by 2025, signaling strong institutional backing and interest in the platform’s potential.