As Institutions Buy Into Solana, Solaxy Becomes the Presale Everyone’s Watching

A Canadian investment firm focused on the Solana ecosystem, called SOL Strategies, has acquired over $18 million worth of $SOL as part of a larger $500 million facility. That kind of volume is rarely casual. It often signals deeper plays are in motion, and that’s exactly where Solaxy enters the picture.

Some sites now rank Solaxy among the top crypto presales, mostly because it's being built as the first true Layer 2 solution for Solana. That means it aims to fix the same problems that drew institutional buyers to $SOL in the first place: congestion, high usage, and the need for more scalable infrastructure.

With over $39 million already committed to Solaxy presale and a growing number of investors treating it as more than a gamble, it’s clear this is one to watch as the Solana ecosystem continues to evolve.

The timing of this project is another part of its appeal. Solana has bounced back hard from its recent lows, recovering roughly 50% and holding strong above technical markers like the 200-day EMA (Exponential Moving Average). While it’s still far from its 2021 peak, large-scale purchases like the one from SOL Strategies suggest confidence in its future. Even recent scandals like the doxxing of one of its cofounders have left the fans confused about its future.

Other firms like DeFi Development Corp. are also making moves, with SEC filings pointing to plans for major new $SOL buys. That kind of alignment draws attention to projects building around the same core.

With all this in mind, Solaxy is positioning itself as essential infrastructure and is not simply riding the wave. With a roll-up model designed to push some traffic off the main Solana network and onto its own chain, it could ease the load during high-traffic periods. If it works as promised, this could speed up everything from trading apps to meme coin platforms and gaming tools.

And people are betting it will work. The project has already raised over $38 million in its presale. A lot of that came from large investors. Just last week, one buyer dropped $400,000 in a single transaction. Altogether, whales have put more than $1 million into $SOLX in just two weeks.

The token also offers aggressive staking rewards with over 100% annually for those who hold and stake it early. While that number raises eyebrows, it has helped build buzz. The presale price is currently $0.00173, and some predictions, though optimistic, suggest it could grow over 100x if market conditions hold.

Solaxy’s growing online community is another factor. There are now more than 77,000 followers on their X (formerly Twitter) account with active engagement that often signals retail interest. On top of that, the token’s listing in the Best Wallet app makes it easy to buy using crypto or cards, a small but important step for wider access. Whether Solaxy delivers on all of its promises remains to be seen.