With only 72 hours remaining to buy below the listing price, Solaxy (SOLX) has intensified anticipation for its exchange debut by burning an additional 20 billion SOLX, pushing the total burn to 55 billion tokens, all ahead of its official launch.

This aggressive move boosts token scarcity and value, further strengthening confidence as Solaxy prepares to launch. The team recently released its updated launch schedule, confirming that token claims and the bridge activation will go live on June 23 – the same day this final purchase window closes.

There’s speculation that the exchange listing could also happen on or shortly after that date, though details remain under wraps. Given Solaxy’s $55 million in early-stage funding, some believe a tier-one exchange listing could be in the works – and that may explain the tight-lipped rollout.

What’s certain is this: buying SOLX in the next 72 hours means getting in below listing price, before the token hits the open market – a rare position of strength in a launch this size.

With SOLX currently priced at $0.001766, this may be the last time it’s available at this level, potentially marking it as the token’s all-time low in hindsight, especially if history repeats itself with the kind of post-listing surges we’ve seen from other high-profile launches.

Institutional Players Are Building SOL Positions – and Developer Growth May Explain Why

Solana has increasingly captured the attention of institutional investors, with DeFi Development Corp. emerging as one of the largest holders of SOL among public companies.

They are joined by Upexi and SOLol Strategies, the latter of which recently filed for a Nasdaq listing. As of late May, DeFi Development Corp. held approximately 620,000 SOL, Upexi held nearly 680,000 SOL, and SOLol Strategies reported holdings of around 420,000 SOL.

So, what’s driving these firms to accumulate significant positions in SOL?

In the case of DeFi Development Corp. the shift is particularly noteworthy. Formerly known as Janover, a real estate-focused company, it has since pivoted into the crypto space, rebranding and even acquiring its own Solana validator node as part of a broader commitment to the ecosystem.

The likely catalyst for this institutional confidence is Solana’s developer momentum. While Ethereum still leads in total smart contract activity, analysts at Cantor Fitzgerald have noted a clear uptick in developer growth on Solana, signaling that the network is gaining serious traction among builders.

This is backed by findings from Electric Capital, which reported that in the past year, Solana attracted 7,625 new developers, surpassing Ethereum’s 6,456. It marked the first time since 2016 that another network outpaced Ethereum in new developer onboarding.

But it’s not just Upexi, SOLol Strategies, and DeFi Development Corp. taking notice. Major financial institutions behind Solana ETF filings – including Grayscale, VanEck, 21Shares, Bitwise, Canary Capital, and Franklin Templeton – are also increasing their exposure to the network.

As Solana Attracts Capital and Developers, Solaxy Ensures It Can Handle Both

The reason new developers are increasingly building on Solana ultimately comes down to speed, cost-efficiency, and accessibility. Solana’s monolithic architecture enables high throughput and low transaction costs – all without relying on the fragmented patchwork of Layer-2 solutions that Ethereum depends on.

However, this design isn’t without drawbacks, as Solana’s history shows. Handling all activity on a single chain has, at times, led to network congestion, transaction failures, and even temporary outages during periods of peak demand.

But with a confirmed launch date of July 7, the solution is finally arriving: Solaxy.

As the first Layer-2 chain built for Solana, Solaxy is designed to act as the network’s scalability and stability layer, offloading excess demand, easing congestion, and helping ensure Solana performs reliably under pressure.

Unlike Ethereum’s Layer-2s, Solaxy isn’t trying to fix Solana – it’s built to support it. With more development, user activity, and institutional investment flowing in, Solana’s uptime is more critical than ever, and Solaxy is here to make sure it holds.

Solaxy will also introduce a suite of tools to support builders and users across the ecosystem. These include a bridge connecting Solana, Solaxy, and Ethereum, a native DEX called Neptoon, a public block explorer, a token launchpad named Igniter, and a developer-friendly knowledge base.

Combined, these form a complete Layer-2 infrastructure that not only enhances Solana’s throughput – but unlocks entirely new opportunities for real-time dApps, gaming, DeFi, and more.

With the Foundation Set, Solaxy Now Looks to Prove SOLX Can Match Solana’s Ascent

Now that the foundation has been set, all eyes are on what comes next – and the big question is whether SOLX can replicate the kind of breakout gains that Solana once delivered.

The fundamentals are there. With a fully SVM-compatible Layer-2 architecture, Solaxy gives developers the space to build high-throughput apps without clogging the mainnet. It could even evolve into the testing ground for next-gen DeFi protocols, gaming platforms, and applications that push Solana’s limits.

The SOLX token is at the center of all this – powering transaction throughput, staking, and developer incentives. And with 55 billion SOLX now permanently burned – worth around $97.13 million at today’s price – supply is tightening at a crucial moment.

That burn represents a staggering 40% of the total supply, locking in a level of scarcity that’s rare at this stage of a project.

If a major exchange listing follows, that kind of setup has historically triggered explosive price discovery.

The countdown’s already on.

Final Hours to Enter Below Market Rate – Early SOLX Buyers Could Hold the Advantage

With just 72 hours remaining, this is the final opportunity to acquire SOLX below its listing price – a window that could prove pivotal for those seeking early-stage exposure.

For many, missing out on Solana’s early breakout was a hard lesson in timing. Today, Solaxy presents a similar moment, not as a competitor, but as a critical Layer-2 solution designed to address the very limitations holding Solana back from its full potential.

As the only project of its kind in the Solana ecosystem, Solaxy stands to play a key role in scaling the network’s future, and with that, the potential for SOLX to appreciate significantly as adoption increases.

To participate, visit the Solaxy website, connect a supported wallet, and purchase SOLX. Newly acquired tokens can be staked immediately, with the protocol currently offering a dynamic 76% APY based on pool activity.

For optimal performance, users are encouraged to use Best Wallet – the recommended noncustodial Web3 wallet with full presale integration and multichain support.

Stay informed by following Solaxy on Telegram and X.

In an X post shared earlier today, crypto analyst Ali Martinez noted that Bitcoin (BTC) is flashing a buy signal. Another analyst, Titan Of Crypto, highlighted that BTC is currently trading in a reversal zone – suggesting that the leading cryptocurrency may soon experience a shift in price momentum.

Bitcoin Flashes Buy Signal Amid Market Pullback

Compared to the price action seen last year, Q1 2025 has been relatively sluggish for digital assets. On a year-to-date (YTD) basis, BTC is down nearly 30%, dropping from around $97,600 on January 1 to approximately $78,000 at the time of writing.

Related Reading

Following yesterday’s tariff-induced crypto market pullback –  which wiped over $140 billion from the total crypto market cap – BTC is now beginning to show early signs of strength. Martinez emphasized that Bitcoin is flashing a weekly TD Sequential buy signal.

For the uninitiated, the weekly TD Sequential buy signal is a technical indicator that suggests a potential trend reversal or buying opportunity after a prolonged downtrend. It typically appears when a specific 9-count pattern completes, signalling that selling pressure may be exhausted and a price rebound could be near.

Meanwhile, fellow crypto analyst Titan Of Crypto pointed out that BTC is trading within a potential reversal zone. He noted that as long as BTC remains above the 38.2% Fibonacci retracement level, the broader uptrend would remain intact.

Additionally, Titan highlighted that BTC’s Fair Value Gap (FVG) at $80,000 has now been filled – a development that further boosts the case for a potential trend reversal or significant price action at current levels.

To explain, an FVG is a price imbalance on a chart, often created by a strong move in one direction, where little to no trading occurred. It indicates a potential area where price may return to “fill the gap” before continuing its trend.

Recent BTC Price Drop Not Out Of The Ordinary

Another crypto analyst, Master Of Crypto, remarked that although the recent BTC price decline may have alarmed some investors, it’s well within the bounds of historical norms. The analyst pointed out that BTC is currently trading about 26.6% below its all-time high (ATH) of $109,500.

Related Reading

However, this decline is still less severe than previous market cycle drawdowns, such as 83% in 2018 and 73% in 2022. The analyst added that besides the price pullback, BTC’s weekly Relative Strength Index (RSI) has also been trending down for five weeks.

That said, technical indicators suggest that it may take more time before BTC sees a meaningful shift in price momentum. For instance, the top cryptocurrency recently flashed a death cross, a bearish pattern that could signal further short-term downside. At press time, BTC trades at $78,543, down 0.3% in the past 24 hours.

Featured image from Unsplash, Charts from X, and TradingView.com

Plus: Brazil wants to pay workers in crypto

GM. Crypto’s like a ripe guava – if you wait too long, it turns into mush, but if you bite in too early, it’s all hard and sour. One way to find out, right?

Brazilians might receive their salaries in crypto.

News drops: LIBRA drama is heating up, the Solana ad people hated + more

Market flavor today

These past few weeks, crypto’s been proving why cry is right there in the name.

Bitcoin’s down 24% from its all-time high of $109K reached in January. And while dips like this aren’t unusual in bull markets, Bitfinex analysts said that this one’s different.

Normally, Bitcoin doesn’t stay down for long, thanks to strong institutional buying. But this time, demand’s looking pretty weak – just take a look at Bitcoin ETFs, which had almost $1B in outflows last week.

It gets worse, don’t worry.

Short-term holders are sitting on losses, which means many are panic-selling and pushing prices down even further.

If no new buyers step in to buy the dip, Bitcoin could either drag sideways for a while or drop lower as weak hands get shaken out.

Now, the good news? There are large buyers:

• Bitcoin ETFs are recovering – after last week’s disaster, they had $274.6M in inflows yesterday;

• Michael Saylor’s Strategy bought another 130 BTC. It’s their smallest buy ever, but hey, still something;

• Metaplanet, aka the Strategy of Japan (side note: I hate that it’s no longer MicroStrategy – phrases like this sound hella confusing now), is raising about $13M to buy more BTC;

• New Bitcoin whales accumulated over 200K BTC just this month.

But… is it enough?

CryptoQuant CEO Ki Young Ju isn’t convinced. He warned that liquidity is drying up, and some whales are offloading BTC at lower prices.

Matter of fact, he said that every major on-chain metric is signaling a bear market

If things keep heading this way, we might be stuck in 6–12 months of sideways or bearish price action before any real recovery.

And US macroeconomic factors aren’t helping much either.

Retail sales grew 0.2% in February, below the expected 0.6%.

If investors take this as a sign of a slowing economy, we could see even weaker liquidity and risk appetite, which is… not so bullish for crypto.

But there’s a wildcard: the Fed. If they look at these numbers and decide it’s time to ease interest rates, crypto could catch a break.

Tomorrow’s FOMC meeting should give us some clues. Fingers crossed, y’all.

Memecoin harvest

Memecoins that are pumping harder than my caffeine addiction

Data as of 07:50 AM EST.

Check out these memecoins and plenty more here.

Reasons why Brazil is goated:

• Rio Carnival;

• Brazilian funk;

• Pelé;

• This:

Federal deputy Luiz Philippe de Orleans e Bragança introduced a bill that would let workers in Brazil receive part of their salaries in crypto.

Of course, there are a few conditions to keep things in check:

• At least 50% of your salary must be paid in Brazilian real (BRL);

• Freelancers and independent contractors could go full degen and get paid entirely in crypto if their contracts allow it;

• The exchange rate must be set by a financial institution authorized by Brazil’s Central Bank. So no, your employer can’t pay you in “discount Bitcoin” they found in the backrooms.

Why would they want this? Well, Brazil is already a growing crypto hub, and this could attract even more investment, startups, fintech innovation, and companies moving in.

And if this passes, it could be a game-changer for crypto adoption, too.

• More workers getting paid in crypto = more businesses accepting crypto = snowball effect;

• If it works, other countries might follow suit.

Now, here’s where it gets even juicier: if more workers start receiving BTC as part of their salaries, demand naturally increases.

Unlike crypto traders who buy and sell based on market swings, salaried workers get paid regularly – meaning a consistent, predictable flow of money into BTC.

And if even a fraction of Brazil’s workforce starts holding their salary in crypto instead of cashing out immediately, that’s a steady source of buy pressure.

So yeah, if you see us sipping caipirinhas on a beach in Brazil soon… mind your business

News drops

The LIBRA drama is heading to the Supreme Court of New York. A new lawsuit claims its creators misled investors and drained over $100M from one-sided liquidity pools.

Solana removed an ad from X after facing backlash. The video featured “America” in therapy, getting told to focus on pronouns instead of innovation. The takeaway: performative activism is always cringe regardless of political ideology.

Elon Musk claims he’s found at least 14 government money printers running on autopilot. Agencies like Treasury and Defense are apparently sending money without clear oversight.

A new malware is stealing crypto from Chrome wallet extensions. It scans your system, takes login details, and checks your clipboard for passwords and private keys. Basically, if you copy-paste your seed phrase, consider it gone.

Juicy memes

Blockchain is the only truth

When I wrote this, the transaction has a 204 confirmation. That means it was absolutely received.

If the address is correct, if the recipient says “not received”, they are wrong. Their wallets aren’t synced properly, or they’re wrong (or lying to you)

Note that Bitcoin doesn’t actually send money from the wallet to the wallet. This is not a time-consuming process to send and receive. Never have money from one wallet, and another “in the middle.”

The only thing sent is the new block sent to every Nodes (wallets, etc.) into the world of Bitcoin about every 10 minutes. As long as you have the latest block, you know exactly which addresses have the money.

Below is to clarify my point about the process not taking time. You should skip this unless you are interested or controversial about this details.

Transaction Period

Let’s take a closer look at what happens when you make a typical Bitcoin payment. Note that bitcoin is quite complicated, so simplify it. There are exotic payment forms that I don’t cover (RBF, M’s N,…). Although my knowledge is limited, I think I can shed a little more light on this subject.

When you make payments with your wallet, what happens is that the wallet builds a kind of proposal for a transaction. This proposal will be sent to a node near the Bitcoin network.

After submitting that proposal, your wallet will mark the amount of input that is reserved for that transaction and will not attempt to use it again. But your wallet knows that this amount is still under your control and that it is as “in your wallet” as ever, and not another person’s wallet yet Sho.

After some time, the proposed transaction is passed from node to node, checked on each, and reach some miners. Ultimately, the miner incorporates the proposed transaction into the block and successfully mines the block.

Before this moment, the miner considers money to be yours. After this moment, the miner considers the money to be that of the recipient. There is no time for miners to consider their money to be transported.

The miner sends a new block to a nearby node. Once each node checks and finishes a new block, it stops certain nodes from believing that money is yours and begins to believe that money belongs to the recipient’s.

The new block is passed from the node to the node and passed to the node until it reaches the wallet. Instantly, you will see that your money is stopped believing that it belongs to yours and begin to believe that the money now belongs to the recipient (tentatively †).

There’s no time in between. There’s no time to believe that your wallet is not in the wallet in transit between the wallets. None of them are really impossible.

There is time for the proposed transaction to be in circulation, but during that time, all nodes consider the money to be yours. All nodes will accept other suggestions from you for another transaction that includes the money. This is because the money is still yours and hasn’t come off yet until one of these suggestions is included in the mined block.

The distribution of proposed transactions takes time. Mining takes time. Because the Bitcoin network is large, some nodes may have the latest blocks and some may not. The network says it hasn’t reached a consensus, but each node has no doubts as to whether the money belongs to you or is a recipient.

Money ownership changes are instantaneous (separately at each node) and money is by no means “between the wallet.”

†Blockchain forking

There are many independent miners (and mining pools), so there may be two or more blocks mined at about the same time to compete to be accepted as the next block that is generally accepted It has sex. This means that recently accepted blocks are discarded in favor of another block with more subsequent blocks mined “on top.” This is why nodes typically wait for at least 5 blocks to be mined above the block containing transactions (6 blocks in total) to accept changes in ownership of money as fully confirmed.

So it is between the time period before the first block is mined and the sixth block mined if the node may consider it not to be fully aware of changes in ownership of money. This does not mean that nodes don’t know who has the money. That doesn’t mean that money is in transit. This does not mean that Bitcoin Network can issue a second transaction to retrieve money from the recipient’s wallet. That means there are small possibilities that a proposed transaction that the Bitcoin network has never been mined in the first place will never happen, see nothing, and may collectively decide to move. In most cases where this happens, the forgotten proposed transaction is automatically included in subsequent blocks, everything is fine and everyone forgets that there was a hiccup.

This does not occur in all transactions. This is rare and not a case of “in transit” or “not a wallet” or “not received yet.”

Terminology and philosophical aspects

Proposed deals

I’ll talk above suggestion Transactions and suggestion. These words are not commonly used in the Bitcoin community. Most people talk about transactions, unconfirmed transactions, confirmed transactions. I wanted to use another word to clearly distinguish between transactions that have not yet been mined.

What do you have in your wallet?

The reason I put “in your wallet” inside Scare-Quotes is that the bitcoin wallet doesn’t actually contain any money. They contain a secret number called a private key. This can be used to prove that you have control over your money (owns your own money). Anyone else who knows that a secret number can take money “from your wallet” from afar without accessing your wallet! Money is not stored in Bitcoin wallets, but we go with the Charades as it is a useful shorthand that makes it easy to talk about Bitcoin easily. Despite its misconception, it’s a convenient way to explain Bitcoin to beginners And it’s not safe.

This is strange!

Others will feel my explanation for how Bitcoin places too much emphasis on the fundamentally dry technology (scary?) transactional nature. It is an intermediary organization and is then placed in someone’s Else leather wallet. I agree that there is some utility in this view, but the sender’s wallet has no bills and is not the recipient’s wallet, but the hand of the intermediary who is asked to return them or intervene in order to intervene, not the recipient’s wallet. I’m worried that it will give the impression that there is. Change the result. Please literally read the original title of the question at the top of this page.