Pump.fun Volume Plummets 43% After $LIBRA Rug Pull As First Solana Layer-2 Solaxy Closes On $23M In Presale
Even as Solana reels from the $LIBRA scandal, its first Layer-2 chain Solaxy ($SOLX) is amassing funds as its presale surpasses $22.7 million.
In just the past three days, Solaxy has seen over $700,000 worth of new $SOLX buys, which Solana fans may see as their only hope for the network to break its January peak.
A meme coin revival could be triggered if the alliance of Solana bulls resumes buying activity and reignites Pump.fun, whose daily volumes have dropped by 43.37% since last week.
It’s a cascading effect, and the force is strong with those backing Solaxy in its current presale stage, where the price is set at $0.001642 per token for the next 35 hours.
Investors Vent Anger At Solana And Pump.Fun
Over the past seven days, $SOL has plummeted by 10.4%, extending its losses to 40% from its all-time high (ATH) just over a month ago. Of course, the rise to its peak price was set in motion by U.S. President Donald Trump’s meme coins....