Trump's Crypto Reserve Plan Fuels Solana and Bitcoin Surge; Solaxy Presale Hits $24.7 Million

On the heels of President Trump's announcement of a U.S. Crypto Strategic Reserve, Solana (SOL) jumped 18% to $169, and Bitcoin (BTC) rebounded 8% to $93,200. The proposed reserve includes Solana, Cardano, XRP, Bitcoin, and Ethereum. Cardano saw the biggest gain, surging 80% to over $1. In related news, Solaxy's Solana layer-2 solution reached $24.7 million in its presale funding round. Solaxy aims to address Solana's network congestion issues, with staking rewards estimated at 166% per year. Coinsult's audit found no vulnerabilities in SOLX. The 138 billion SOLX supply is allocated across development (30%), community rewards (25%), treasury, marketing, and exchange listings. Solaxy's roadmap includes a presale, token generation event (TGE), and layer-2 launch.