Solana-based meme coins have continued to rise despite market jitters this week.
Fartcoin has jumped 4% in the last 24 hours and Solaxy has just crossed the $33 million total raised mark in its presale.
Fartcoin Gains While Dogecoin, Shiba Inu Tumble
This week, the market-leading meme coins Dogecoin and Shiba Inu have taken losses, but Fartcoin has pushed ahead unfazed.
It trades at $1.09, rising by 4% today and 1% this week.
Meanwhile, Dogecoin is down 1.5% today and 3.7% this week. Shiba Inu is down 1% today and 5% this week.
There’s no obvious reason that Fartcoin has outperformed besides its recent showing of strength against the market.
Fartcoin has gained approximately 400% from its mid-March lows. And now, with its relative strength on display once again, analysts are excited that more gains are to come.
Expert Forecasts Near 50% Fartcoin Rally
A trader who predicted Fartcoin’s previous rally believes it’s set for another strong uptick in the coming days.
Gem Insider wrote on X that Fartcoin is preparing for a rally toward $1.6.
The analyst claims to have backed Fartcoin when it traded below $0.3 in March and says that the current market structure gives similarly bullish signals.
kept telling you to buy #fartcoin sub $0.3 when the chart broke out congrats to the few people who listened! 😳
now we're seeing another support retest for the strongest meme coin in the market.
what do you guys think of this chart? https://t.co/Nlrc6xS9hx pic.twitter.com/WS3Zhot4AI
— 💎GEM INSIDER💎 (@gem_insider) April 27, 2025
Meanwhile, analyst UB says “something exciting is going on,” because while the Bitcoin chart looks relatively bearish, Fartcoin shows signs of a breakout.
Something very interesting going on when looking at the Bitcoin & FARTCOIN charts… pic.twitter.com/cS7XdWvMfR
— UB (@CryptoUB) May 5, 2025
It’s worth paying close attention to the fact that Fartcoin displays strength while other cryptos struggle, because this resembles exactly what happened before its last rally. If history repeats, then we may see Fartcoin make strong gains in the coming weeks.
Bloomberg ETF analyst Eric Balchunas picked up on this phenomenon in early April, noting that on a day where everything from Bitcoin to treasuries was in the red – Fartcoin gained 8%.
Speaking of which, Fartcoin up 8% again today. Literally everything is down, even treasuries and gold. Bitcoin and Ether both in gutter. Can someone explain this? pic.twitter.com/h5m2xmB0m1
— Eric Balchunas (@EricBalchunas) April 7, 2025
But Fartcoin is not the only Solana meme coin performing well right now. Another example is Gork, a meme coin inspired by Elon Musk’s AI model Grok. Gork has gained over 60% this week.
Meanwhile, Solaxy, a new cryptocurrency building Solana’s first-ever layer 2 blockchain, has raised 33 million in its ongoing token presale. This makes it the largest Solana ICO ever.
Solaxy Tipped to 10X as Presale Raise Smashes $33M
Solaxy is building the world’s first Solana layer 2 blockchain to tackle the network’s congestion issue and provide cheaper, faster, and more reliable transactional throughput.
The project’s main focus is on bolstering Solana’s memetic activity. It uses meme coin branding and says its “customizability and transaction bundling make high volume meme coin trading infinitely scaleable.”
Solaxy will use off-chain computation and transaction bundling technology to become faster than Solana, aiming for a staggering 10,000 transactions per second (TPS). For reference, Solana is capable of 6,500 TPS, and Ethereum is capable of 12 TPS.
This means that Solaxy could potentially be the home to Solana’s next breakout meme coins and applications. Imagine Pump.fun had lower fees, or if Bonk’s automated trading bot was cheaper. It could open a world of new meme coin-related possibilities.
Investors clearly see value in the project’s use case, reflected by the presale’s record-breaking raise. However, this has also attracted the attention of leading industry analysts. For instance, Jacob Bury from the 99Bitcoins YouTube channel says the project could give 10x gains.
Bury said Solaxy could prove the best crypto presale to buy now. However, investors must consider that the $SOLX presale price will increase throughout the ICO, with the next increase in under one day.
So, for those seeking the most value for money, now is the time to act.
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