Meme coin momentum has slowed considerably in recent times, and with the broader market also shifting gears, Dogecoin whales are making interesting moves. While DOGE saw significant gains earlier in the year, recent volatility has triggered some profit-taking activity, especially among major holders.

As attention shifts to promising new projects still in presale, Solaxy (SOLX) is quickly becoming a hot topic.

Dogecoin Dips as Whales Exit Positions

Dogecoin remained largely stable last week, hovering around the $0.20 mark. However, further drops have since pushed the token to around $0.17, marking a 14% decrease over the past seven days.

This cool-off has also seen major holders, often called “whales,” begin to reduce their exposure to the token and search for new avenues with higher upside potential. As Dogecoin mining rewards increase due to its upcoming merge with Litecoin, miners are also seen to be unloading their tokens, putting additional downward pressure on DOGE’s price.

Meanwhile, Bitcoin’s surge past the $100,000 threshold has brought the flagship crypto into sharper focus, leaving less room for altcoins, especially older meme coins, to keep up the pace. This environment has created the perfect backdrop for presales like Solaxy (SOLX), offering investors a final chance to join early before listings on exchanges propel the next stage of growth.

Solaxy: The Whale-Favored Presale Heating Up

At present, Solaxy isn’t a meme coin that’s being hyped up by the community. Instead, it’s a Layer-2 scaling solution being built specifically for Solana, a chain that has seen a strong demand for scaling solutions as user activity and congestion continue to rise.

The project has seen over $44 million pour into its presale over the past three months, with an average of $200,000 flowing in daily. The presale is set to close on June 15, and the current token price is still just $0.001746.

Analysts are calling it a sleeping giant, having already predicted an 11x jump for SOLX post-launch, and possibly as much as 93x by early 2026, making it one of the top-performing tokens.

Why Solaxy Stands Out in a Crowded Market

At its core, Solaxy is aiming to solve a real problem. Its upcoming Layer-2 tech will process transactions off-chain before finalizing them on Solana’s mainnet, ultimately increasing speed while reducing gas fees and network congestion.

Its testnet is already live, complete with a blockchain explorer and a functional cross-chain bridge. But that’s not all. Solaxy is also launching the Igniter Protocol, a native launchpad for new token projects, which will bring even more utility to the ecosystem.

With staking rewards of up to 94% APY, SOLX is attracting both early adopters interested in the tech and passive-income seekers.