Pudgy Penguins’ PENGU token surges to a $2.8 billion market cap, claiming the top spot in Solana’s meme coin ecosystem. Meanwhile, Solaxy ($SOLX) gains attention as the first-ever Solana Layer 2 meme coin, addressing scalability issues and offering explosive growth potential.
Pudgy Penguins’ PENGU token has taken center stage in the Solana meme coin market, achieving a $2.8 billion market cap on January 6, 2025. Its rapid ascent makes it Solana’s top meme coin and one of the top 50 cryptocurrencies globally.
Launched on December 17, 2024, PENGU initially faced sharp volatility, dipping 50% after its airdrop to Pudgy Penguins NFT holders. However, it rebounded within weeks, overtaking BONK and solidifying its dominance.
PENGU’s rise highlights the synergy between NFTs and tokens, with Pudgy Penguins NFT sales surging to $6.2 million in 24 hours following the token launch.
Technical Indicators Suggest Bullish Momentum
Currently priced at $0.046051, PENGU’s RSI at 64.32 indicates strong buying pressure without signaling overbought conditions. Meanwhile, its MACD remains bullish, suggesting continued upward momentum.
With Solana’s meme coin market cap surpassing $22.5 billion, PENGU’s rise underscores growing demand for cultural and viral tokens. However, analysts warn of high volatility typical of meme coins, urging investors to implement risk management strategies.
Solaxy ($SOLX)—The First Solana Layer 2 Meme Coin Gaining Traction
As PENGU solidifies its position, Solaxy ($SOLX) is emerging as a potential game-changer in the Solana ecosystem with its Layer 2 scalability solution designed to reduce congestion and transaction failures.
JOIN THE SOLAXY PRESALE—DON’T MISS OUT ON EARLY PRICES
Solaxy’s ongoing presale has already raised over $8.9 million, drawing investor interest as it positions itself as the first-ever Solana Layer 2 meme coin. With $SOLX priced at $0.001592, early buyers can capitalize before the next presale price increase in 24 hours.
Solaxy Solves Solana’s Transaction Failures and High Fees
Solana’s rapid growth has exposed its scalability issues, with 40% of non-vote transactions failing during peak periods, according to Dune Analytics.
Many failures are linked to arbitrage bots, which congest the network and increase gas fees without completing transactions. As a result, Solana faces challenges in maintaining performance during periods of high demand.
Solaxy tackles these problems by introducing a Layer 2 blockchain that bundles transactions off-chain before settling them on Solana, reducing network strain and lowering fees.
This approach enables faster transactions, making it ideal for meme coins, AI tools, and DeFi applications, unlocking Solana’s next growth phase.
Investors Push Solaxy Presale Toward $10 Million Milestone
The success of Solaxy’s presale mirrors Pepe Unchained, an Ethereum Layer 2 meme coin that soared 10x post-launch, reaching a $400 million market cap.
Analysts predict Solaxy could outperform Pepe Unchained, given its novel Layer 2 approach and focus on resolving Solana’s network congestion issues.
DISCOVER SOLAXY—THE FIRST SOLANA LAYER 2 MEME COIN BUILT FOR MASSIVE GROWTH
Crypto analyst Jacob Bury has even projected 100x growth for $SOLX, citing its combination of meme coin appeal and blockchain scalability.
Solaxy Unlocks New Use Cases and Solana’s Next Growth Phase
Beyond meme coins, Solaxy’s Layer 2 infrastructure opens the door for scalable applications like AI-driven tools and DeFi solutions.
Solana’s AI sector is already thriving, with ai16z gaining 212% last month, highlighting the demand for scalable platforms. Solaxy’s infrastructure is well-positioned to support such growth, ensuring faster transactions and greater adoption.
With Solana’s congestion issues addressed, developers and investors alike see Solaxy as a foundation for next-gen applications that could rival Ethereum’s Layer 2 networks.
Could Solaxy Surpass PENGU in Growth Potential?
While PENGU leads in valuation, Solaxy’s Layer 2 technology offers unique scalability advantages that could attract long-term investors and developers.
Its presale momentum and fixes for Solana’s congestion position it as a breakout contender, potentially surpassing PENGU’s $2.8 billion market cap in 2025.
Reflecting on Pepe Unchained’s 10x surge, analysts believe Solaxy ($SOLX) has the potential for even higher returns, particularly as demand for scalable meme coin ecosystems grows.
Solaxy Sets the Stage for Solana’s Next Meme Coin Boom
With PENGU leading Solana’s meme coin market and Solaxy ($SOLX) introducing a Layer 2 solution, 2025 is shaping up as a pivotal year for meme coin evolution.
PENGU’s $2.8 billion market cap highlights the power of NFTs and cultural relevance, while Solaxy’s focus on blockchain scalability and meme coin appeal positions it as a high-growth opportunity for investors.
As Solaxy nears $10 million in presale funding, early buyers have the chance to invest in a first-mover Layer 2 project with analysts projecting 100x potential post-launch.
Don’t miss the chance to secure $SOLX at presale prices before the next price increase.
