{"id":9924,"date":"2025-01-27T18:02:57","date_gmt":"2025-01-27T18:02:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9924"},"modified":"2025-01-27T18:02:57","modified_gmt":"2025-01-27T18:02:57","slug":"xrp-solana-prices-crash-but-new-l2-project-solaxy-hits-15m-in-presale","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9924","title":{"rendered":"XRP, Solana Prices Crash but New L2 Project Solaxy Hits $15M in Presale"},"content":{"rendered":"
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XRP and Solana have been feeling the heat lately, with their prices tumbling as the crypto market sells off.<\/p>\n

But while some tokens are losing momentum, smart investors are already scouting for under-the-radar opportunities.<\/p>\n

Enter Solaxy \u2013 a new Layer-2 project currently in presale that has just passed the $15 million mark.<\/p>\n

XRP & Solana Prices Plunge as Investors Cash Out<\/h2>\n

XRP and Solana are having a rough time.<\/p>\n

Both tokens have taken a serious hit as selling pressure ramps up.<\/p>\n

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XRP<\/a> is hovering around $2.80, down more than 10% in the past day and 16% since last Monday \u2013 putting it at its lowest level since January 15th.<\/p>\n

If this downtrend continues, it\u2019ll mark four red days out of the last five.<\/p>\n

Spot trading volume has actually jumped by 257% since yesterday, but this surge is likely due to investors selling off rather than new buyers stepping in.<\/p>\n

Solana<\/a> isn\u2019t faring much better, dropping 10% to $227 and breaking below the 50-period EMA on the 4-hour chart.<\/p>\n

Open interest is down 9%<\/a>, and SOL seems to be in freefall as short-term holders rush to cash out.<\/p>\n

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Both tokens are caught in a bigger bearish trend.<\/p>\n

Altcoins across the board are pulling back as investors lock in profits following the pre-inauguration rally.<\/p>\n

It\u2019s the classic cycle: take profits, then look for the next big opportunity.<\/p>\n

Crypto Market Downturn Deepens Thanks to AI Fears & Liquidations<\/h2>\n

But it\u2019s not just altcoins in the red \u2013 the entire crypto market is selling off right now.<\/p>\n

Bitcoin has dipped below $100,000 for the first time since Trump\u2019s re-election, and the market\u2019s total value has shrunk by over 6% to $3.37 trillion.<\/p>\n

Everything is taking a hit, from large coins to newly-launched tokens.<\/p>\n

A big factor driving this sell-off appears to be the release of DeepSeek R1 \u2013 an open-source AI chatbot that\u2019s spooked investors across both AI-related stocks and crypto.<\/p>\n

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Tokens like RNDR and GRT are leading the losses, and that selling pressure is spreading.<\/p>\n

On top of that, leveraged positions are getting wiped out.<\/p>\n

Over $808 million<\/a> in leveraged longs have been liquidated in the past 24 hours, creating a negative feedback loop that\u2019s pushing prices even lower and tanking market sentiment.<\/p>\n

With key support levels breaking down, investors are wondering if a bottom is in sight or if the market will continue to slide.<\/p>\n

Solaxy Presale Hits $15M Despite Market Slump as Expert Forecasts Major Gains<\/h2>\n

While most of the market is in the red, a few projects are managing to buck the trend \u2013 and Solaxy<\/a> is one of them.<\/p>\n

This Layer-2 solution has raised over $15 million in its presale so far.<\/p>\n

Despite the market downturn, investors are still throwing in hundreds of thousands every day, drawn by Solaxy\u2019s promise to fix Solana\u2019s congestion issues.<\/p>\n

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With the presale price at $0.001616 and another price bump coming in under one day, the hype is building fast.<\/p>\n

So, why all the excitement?<\/p>\n

It\u2019s because Solaxy could transform the Solana ecosystem for good.<\/p>\n

It has features like off-chain processing, transaction bundling, and even cross-chain compatibility with Ethereum \u2013 which could make Solana faster and cheaper.<\/p>\n<\/p>\n