XRP and Solana have been feeling the heat lately, with their prices tumbling as the crypto market sells off.
But while some tokens are losing momentum, smart investors are already scouting for under-the-radar opportunities.
Enter Solaxy – a new Layer-2 project currently in presale that has just passed the $15 million mark.
XRP & Solana Prices Plunge as Investors Cash Out
XRP and Solana are having a rough time.
Both tokens have taken a serious hit as selling pressure ramps up.
XRP is hovering around $2.80, down more than 10% in the past day and 16% since last Monday – putting it at its lowest level since January 15th.
If this downtrend continues, it’ll mark four red days out of the last five.
Spot trading volume has actually jumped by 257% since yesterday, but this surge is likely due to investors selling off rather than new buyers stepping in.
Solana isn’t faring much better, dropping 10% to $227 and breaking below the 50-period EMA on the 4-hour chart.
Open interest is down 9%, and SOL seems to be in freefall as short-term holders rush to cash out.
Both tokens are caught in a bigger bearish trend.
Altcoins across the board are pulling back as investors lock in profits following the pre-inauguration rally.
It’s the classic cycle: take profits, then look for the next big opportunity.
Crypto Market Downturn Deepens Thanks to AI Fears & Liquidations
But it’s not just altcoins in the red – the entire crypto market is selling off right now.
Bitcoin has dipped below $100,000 for the first time since Trump’s re-election, and the market’s total value has shrunk by over 6% to $3.37 trillion.
Everything is taking a hit, from large coins to newly-launched tokens.
A big factor driving this sell-off appears to be the release of DeepSeek R1 – an open-source AI chatbot that’s spooked investors across both AI-related stocks and crypto.
Tokens like RNDR and GRT are leading the losses, and that selling pressure is spreading.
On top of that, leveraged positions are getting wiped out.
Over $808 million in leveraged longs have been liquidated in the past 24 hours, creating a negative feedback loop that’s pushing prices even lower and tanking market sentiment.
With key support levels breaking down, investors are wondering if a bottom is in sight or if the market will continue to slide.
Solaxy Presale Hits $15M Despite Market Slump as Expert Forecasts Major Gains
While most of the market is in the red, a few projects are managing to buck the trend – and Solaxy is one of them.
This Layer-2 solution has raised over $15 million in its presale so far.
Despite the market downturn, investors are still throwing in hundreds of thousands every day, drawn by Solaxy’s promise to fix Solana’s congestion issues.
With the presale price at $0.001616 and another price bump coming in under one day, the hype is building fast.
So, why all the excitement?
It’s because Solaxy could transform the Solana ecosystem for good.
It has features like off-chain processing, transaction bundling, and even cross-chain compatibility with Ethereum – which could make Solana faster and cheaper.
Crypto YouTuber Crypto June even claimed it might be the best Layer-2 play for “100x gains,” adding to the buzz.
Throw in staking rewards and governance perks for SOLX holders, and it’s easy to see why Solaxy has gone viral.
While the rest of the market looks shaky, Solaxy’s presale momentum proves investors are still hungry for new, useful projects.
It’s one of the few bright spots in a pretty rough market.
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