The crypto market witnessed another frenzy in June as Solana-based meme coin AURA skyrocketed 38% over the weekend, marking a staggering 4,800% rally within days. Its price surged from $0.00088** to **$0.215, nearly doubling its previous all-time high of $0.074. This resurgence has reignited interest in meme coins while exposing Solana's network congestion issues—reminiscent of the 2021 bull run bottlenecks.
AURA’s Meteoric Rise: FOMO Drives Community Mania
Originally a 2024 summer sensation, AURA lay dormant for nearly a year before staging a dramatic comeback without major catalysts. Key highlights:
- 24-hour trading volume exceeded $41M, matching its market cap—indicating hyper-speculative activity.
- Holder addresses grew from 16K to 19K, with 3,000+ new wallets created.
- Over 95% of trades occurred on Solana DEXs (Raydium, Meteora), showcasing decentralized momentum.
Solana Network Struggles Under Congestion
AURA’s volatility stressed Solana’s infrastructure:
- Daily transactions spiked to 14,000+, causing delays and failed trades.
- Gas fees surged, mirroring 2021’s scalability challenges.
- Despite upgrades, the network remains vulnerable to extreme demand spikes.
Solaxy Emerges as Solana’s Layer-2 Savior
Amid the chaos, Solaxy—Solana’s first native Layer-2 solution—gained traction. Its rollup-style architecture processes transactions off-chain before finalizing on Solana, offering:
- Reduced mainnet load for smoother meme coin trading.
An integrated ecosystem with:
- Solaxy DEX for decentralized trading.
- Igniter Launchpad for new token launches.
- Cross-chain compatibility via Hyperlane bridges (Solana ↔ Ethereum).
👉 Explore Solaxy’s L2 revolution
Solaxy Presale Hits $51M—Final 24-Hour Countdown
As AURA dominated headlines, Solaxy’s presale crossed $51M, becoming a top 2025 launch. Key details:
- Accepts ETH, SOL, USDT with bonuses (airdrops, staking rewards).
- Closing soon—investors scramble for remaining slots.
FAQ: Solana’s Meme Coin Craze & L2 Future
Q: Why did AURA surge suddenly?
A: Pure FOMO—community hype and DEX liquidity fueled its rise.
Q: How does Solaxy solve Solana’s congestion?
A: By batching transactions off-chain, it eases mainnet strain.
Q: Is Solaxy’s presale still open?
A: Yes, but ending in 24 hours.
Conclusion: Beyond Memes—Infrastructure Matters
AURA’s rally underscores meme coins’ viral potential but also highlights Solana’s scalability limits. Projects like Solaxy that build foundational solutions may outlast short-term hype. With its presale closing soon, the race to support next-gen blockchain infrastructure is on.
Disclaimer: Crypto investments carry high risk. Conduct independent research (DYOR) before deciding.
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