Solaxy Burns 40% of SOLX Supply Ahead of June 23 Launch

Solaxy, a Solana layer-2 cryptocurrency, is gearing up for its launch on June 23, 2025, with a substantial burn of 55 billion SOLX tokens, which constitutes 40% of the total supply. This strategic move aims to reduce the supply and enhance the token's value before its exchange debut. The burn, which includes an additional 20 billion SOLX, is part of Solaxy's plan to create scarcity and build investor confidence.

The token claims and bridge activation are set to go live on June 23, coinciding with the closure of the final purchase window. There is speculation that the exchange listing could occur on or shortly after this date, although specific details remain undisclosed. Given Solaxy's $55 million in early-stage funding, some speculate that a tier-one exchange listing could be in the works, which may account for the cautious rollout.

With SOLX currently priced at $0.001766, this presents the last opportunity to acquire the token at this level before it enters the open market. This could potentially mark the token’s all-time low, especially if past high-profile launches are any indication of the post-listing surges that may follow.

Solana has been garnering significant attention from institutional investors, with several firms accumulating large positions in SOL. These firms are attracted to Solana's developer momentum, which has seen a notable increase in developer growth, surpassing Ethereum in new developer onboarding for the first time since 2016.

Solaxy is designed to serve as Solana's scalability and stability layer, offloading excess demand and easing congestion. It introduces a suite of tools to support builders and users across the ecosystem, including 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. These tools form a complete Layer-2 infrastructure that enhances Solana's throughput and unlocks new opportunities for real-time dApps, gaming, DeFi, and more.

The SOLX token is central to Solaxy's ecosystem, powering transaction throughput, staking, and developer incentives. With 55 billion SOLX now permanently burned, the supply is tightening at a crucial moment, which could trigger explosive price discovery if a major exchange listing follows.

For those seeking early-stage exposure, this is the final opportunity to acquire SOLX below its listing price. Solaxy stands to play a key role in scaling Solana's future, and with that, the potential for SOLX to appreciate significantly as adoption increases. To participate, users can 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.