Solaxy Marks First Anniversary With SOLX Giveaway Amid Presale Investor Backlash

Solaxy marked its first anniversary on June 24 by announcing a 30 million SOLX giveaway and the relocking of its liquidity pool, while outlining the ecosystem it has built over the past year.

In a post published on X, the project said SOLX has grown into a working ecosystem that includes the Solaxy Bridge, Explorer, Neptoon DEX, Igniter Launchpad, Solaxy Wallet, Celestia-powered infrastructure, and community-operated rollup nodes.

To celebrate the milestone, Solaxy announced a giveaway totaling 30 million SOLX. According to the project, 5 million SOLX will be distributed through X, while another 25 million SOLX will be awarded to five wallets that purchase at least 1 million SOLX within 24 hours.

“Thank you to every holder, trader, builder, validator, meme creator, and community member who helped make Solaxy what it is today,” the team wrote.

Presale Holders Say Solaxy Is Rewarding New Buyers After Heavy Losses

Solaxy's post thanked holders, traders, builders, validators and other community members. However, its largest anniversary reward was tied to additional purchases rather than existing ownership or presale participation.
“New buyers r rewarded while presaleholders r really fucked up,” X user B.M. wrote, calling SOLX a “shitcoin.”

Play With Dave said the amount invested during the presale could buy more than 35 million tokens at the current price. “I lost almost everything on this thing and I believed in this project,” the user wrote, rejecting the suggestion of spending more for a chance to win.

Another user, RUBY, said a $500 presale purchase was now worth $5. Mariano said he was still holding presale tokens but would not spend “another penny,” while LAZK described the promotion as a poor way to honor presale investors.

The users' purchase records and individual loss calculations could not be independently verified. However, the complaints are consistent with SOLX's wider market decline since launch.

Not all responses were negative. One presale buyer, cylion, said they had taken a “huge loss” but remained optimistic about the project. Other users said they had already completed qualifying purchases, while several expressed hope of receiving part of the giveaway or praised Solaxy's long-term vision.

The criticism comes as SOLX continues to trade around 98% below its final presale price, according to TheHolyCoins' Presale ROI Tracker, despite the project's launch of products including the Solaxy Bridge, Neptoon DEX, Igniter Launchpad, Solaxy Wallet and rollup infrastructure over the past year.