Meme coins have erased most of their post-election gains, with DOGE and PEPE suffering heavy losses. Meanwhile, XRP remains resilient, and Solaxy, Solana’s first Layer-2 project, is showing massive potential.
The once-thriving meme coin market is now facing a brutal reversal, wiping out the parabolic gains made in late 2024.
IntoTheBlock data confirms that meme coin market capitalization has returned to its November 2024 levels, undoing the speculative rally that followed Donald Trump’s election victory.
Dogecoin (DOGE), which soared to nearly $0.50 after the election, has now dropped back to $0.20. Shiba Inu (SHIB) has seen a similar crash, plunging from $0.000033 to $0.0000133.
PEPE has been one of the hardest-hit, down 78% from its December peak of $0.0000264 to just $0.00000575. Other popular meme coins, including Bonk (BONK), FLOKI, and dogwifhat (WIF), have all suffered major sell-offs, with WIF experiencing an 89% decline from its high of $4.20 to just $0.51.
XRP Holds Strong While Meme Coins Bleed
While speculative assets like DOGE and PEPE have struggled, established cryptos such as Bitcoin and XRP have maintained their post-election strength.
Bitcoin, which peaked at $109,000 in January, has retraced but still holds a 42% gain from its November levels. XRP, meanwhile, remains one of the best-performing altcoins, having surged from $0.706 in November to a high of $3.33 in January. Even after a pullback to $2.21, it is still up an impressive 245% since Trump’s election win.
The resilience of XRP is largely due to growing optimism around potential XRP ETFs. The US Securities and Exchange Commission (SEC) is reviewing multiple spot XRP ETF applications, following the recent approval of the world’s first XRP ETF in Brazil.
Managed by Hashdex and listed on Brazil’s B3 exchange, this ETF represents a significant milestone for XRP adoption. Meanwhile, US-based financial giants like 21Shares, Bitwise, Grayscale, and CoinShares are awaiting SEC approval to launch similar products.
These developments highlight the stark contrast between the speculative boom-and-bust cycles of meme coins and the more structured growth of projects with real-world applications. However, one emerging utility project has begun gaining attention alongside XRP – Solaxy – Solana’s first Layer-2 scaling solution.
Solaxy ($SOLX) Could Outperform XRP in 2025, Says Borch Crypto
Popular analyst Borch Crypto, known for his market predictions, has called XRP one of the best investments of this cycle. He believes XRP could reach $10, delivering a 3x return from its current price. However, he is even more bullish on Solaxy, predicting a potential 50x return.
Solaxy is designed to solve one of Solana’s biggest challenges—network congestion. By operating as a Layer-2 network, Solaxy processes transactions off-chain before bundling them back onto the main chain, improving scalability while reducing costs.
The project has already raised over $23 million in presale funding, with the current $SOLX price at $0.001646. However, this will increase in less than two days as demand for the token grows.
Why Solaxy is Gaining Attention in the Crypto Market
Solana has been one of the fastest-growing blockchain ecosystems, but its success has also led to increased congestion and frequent transaction failures.
The issue became apparent during the launch of meme coins like TRUMP and MELANIA, which caused significant network slowdowns in January 2025. As Solana’s adoption continues to grow, addressing these scalability issues becomes even more critical.
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Solaxy offers a practical solution by leveraging off-chain computation and transaction bundling to significantly improve the blockchain’s efficiency. This is similar to Ethereum’s Layer-2 networks, which have dramatically reduced gas fees and improved transaction speeds. With Solaxy’s implementation, Solana could match or even exceed Ethereum’s scalability solutions.
Additionally, Solaxy’s roadmap includes centralized exchange (CEX) listings and further integration within the Solana ecosystem, making it an attractive prospect for investors looking for high-growth utility projects.
Institutional Adoption of Solana Strengthens Solaxy’s Potential
Beyond the retail-driven growth of meme coins, major institutional players are beginning to back Solana-based projects. In a major development, Franklin Templeton, an asset manager overseeing $1.5 trillion in assets, recently expanded its $594 million money market fund to Solana, bringing real-world asset tokenization to the network.
Additionally, AI innovation is accelerating within Solana’s ecosystem. The network recently secured the migration of Virtuals Protocol, the leading AI agent launchpad, from Ethereum’s Layer-2 Base to Solana. This move cements Solana’s growing reputation as a hub for AI-powered blockchain solutions.
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Meanwhile, traders are speculating about the approval of a Solana spot ETF. According to predictions from the Polymarket platform, the chances of a Solana ETF approval in 2025 stand at 84%, which could further boost institutional investment into the ecosystem.
As Solana’s adoption expands, the need for a scalable Layer-2 solution like Solaxy becomes even more evident. Investors are increasingly viewing Solaxy as a crucial piece of the puzzle in ensuring Solana’s long-term viability.
Solaxy Offers Staking Rewards and Proven Security
One of Solaxy’s standout features is its staking program, which currently offers an annual percentage yield (APY) of 172%. This allows presale investors to earn passive income even before the token is officially listed on exchanges.
Additionally, the project has undergone a full smart contract audit from blockchain security firm Coinsult, which found no vulnerabilities in its code. This reassures investors that Solaxy is a legitimate project with strong security measures in place.
Is Solaxy the Best Crypto to Buy Now?
As meme coins struggle to maintain their hype-driven gains, investors are turning to utility-driven projects like XRP and Solaxy.
While XRP remains a solid choice, Solaxy’s first-mover advantage as Solana’s only Layer-2 solution positions it for explosive growth.
With $23 million already raised, a rapidly growing presale, and strong institutional backing for Solana-based projects, Solaxy could be one of the best investment opportunities of 2025.
For those looking to capitalize on the shift from meme speculation to real utility, Solaxy presents a compelling case. Investors can secure $SOLX tokens through the presale website or the Best Wallet app, which allows seamless tracking and staking within a single platform.
