SOL to Hit $551 in 2025 Despite Token Unlock? First Layer-2 Project Raises $23.5M in ICO

Solaxy’s ($SOLX) fundraising campaign to build the first Layer-2 on Solana is gaining unstoppable momentum, with its ICO now surpassing $23.5 million.

Meanwhile, market sentiment remains gripped by fear as Bitcoin slipped below $90,000 on Monday.

This bearish outlook has spilled over to Solana, which has dropped to $141 at the time of writing, with concerns mounting over its upcoming token unlock in March.

Despite the uncertainty, some analysts remain bullish on $SOL, projecting it could hit $551 this year.

If that happens, Solaxy could ride the wave, positioning itself as a much-needed solution to Solana’s recurring network congestion issues.

For perspective, Solana once traded at just $0.50. Even at today’s price, it has surged an astonishing 28,129%.

Similarly, at its current presale price of $0.001646 per token, $SOLX is seen as a bargain by analysts and influencers like ClayBro and Borch Crypto, who predict potential gains of 30x to 50x.

With the next presale stage set to trigger a price increase in less than 14 hours, investors looking to get in at the current price still have a short window of opportunity.

Can Solana rally to $551? Its first Layer-2, Solaxy, could be the key

Solana is set for one of its largest token unlocks in project history, with 11.2 million $SOL – worth approximately $1.5 billion at its current price – scheduled to be released into the market on March 1.

The primary concern isn’t only the increase in token supply but also who holds these tokens.

A significant portion was acquired by major VC firms, including Galaxy Digital, Pantera Capital, and Figure, during the FTX bankruptcy auctions, where they paid around $64 per token.

If these firms decide to take profits, they stand to gain over $783 million at $SOL’s current price, fueling fears of significant selling pressure.

Meanwhile, according to Arkham Intelligence data on Monday, crypto market maker Wintermute has already withdrawn over $38.2 million worth of $SOL from Binance.

Despite these concerns, Master Ventures CEO and blockchain advisor Kyle Chassé remains bullish on Solana’s 2025 outlook, citing a Bitwise Asset Management research report that projects a bullish case of $551 and a bearish scenario of $462 for $SOL.

At its current price, Solana would need to rise 291% to hit its most bullish target and 228% to reach its bearish scenario.

So, how can Solana achieve such gains despite the looming sell pressure? The answer may lie in Solaxy ($SOLX) – the first Layer-2 solution on the Solana blockchain.

As the first to address Solana’s challenges, could Solaxy be set for a 4,155% surge?

Solaxy is currently the only solution designed to address the long-standing issues plaguing the Solana network.

As a roll-up, it helps alleviate network congestion by processing transactions off-chain and bundling multiple transactions into a single batch before submitting them to Solana’s main chain.

In recent weeks, Solaxy has already made significant progress in rolling out its scaling solution for Solana.

By reducing network outages caused by high traffic, Solana could prevent user frustration and build greater trust among investors.

This could drive broader adoption, particularly in DeFi, a sector where Ethereum currently dominates.

Much like how Ethereum’s Layer-2 scaling solutions helped propel $ETH’s price – especially in 2023 when the Layer-2 ecosystem surged and contributed to Ethereum more than doubling in value – Solaxy could have a similar impact on $SOL, reinforcing Bitwise’s bullish price predictions.

With Ethereum’s top five Layer-2 solutions now boasting valuations over $1 billion, Solaxy could follow a similar growth trajectory.

Reaching a billion-dollar market cap from its current $23.5 million presale funding would represent a 4,155% increase.

As Solaxy’s launch approaches, it could now be a prime opportunity for investors to enter at current prices and position themselves for potential massive gains.

Get $SOLX on presale

Get ahead of Solaxy’s launch and the eventual exchange debut of $SOLX by visiting the Solaxy website and connecting your crypto wallet – such as Best Wallet – to purchase $SOLX.

Best Wallet’s multichain support makes it the perfect platform for $SOLX, which is currently available on Ethereum and will soon launch on Solana. You can download Best Wallet on Google Play or the Apple App Store.

Stay up to date with Solaxy’s latest developments or join the engaging discussion about its technology by joining its community on X and Telegram.

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