The crypto market just witnessed another “Binance effect” rally, as the Tutorial (TUT) meme coin rocketed after it went live on the exchange.
This kind of massive rally inevitably gets traders searching for the next big thing.
Some are turning their attention to Solaxy (SOLX) – a new Layer-2 solution for Solana that has raised over $28 million in its presale.
What is TUT and Why Did It Explode After Debuting on Binance?
Tutorial isn’t your average dog or cat-themed meme coin.
Created accidentally from an educational demo project on the BNB Chain – by a developer who used to work at Binance – TUT aims to teach people the basics of crypto and DeFi.
Think of it as part meme, part helpful companion, even using an AI assistant called “Tutorial Agent” to break down complex topics.
What started as a simple how-to guide unexpectedly caught fire with the retail trading community.
And it has transformed TUT into a viral sensation.
When TUT was listed on Binance yesterday, the coin’s price exploded, reaching a peak of $0.056.
That represented a gain of over 250% in less than 24 hours, fueled by enormous spot trading volumes.
While things have cooled off a bit since then, as often happens after such a surprise rally, that initial pump once again proved the power of a Binance debut.
TUT Bucks the Trend as Bears Take Over the Meme Coin Market
Tutorial’s rally really stands out because it’s happened while almost everything else in the meme coin space is in the red.
A look at the charts today shows all major players posting sizable losses.
DOGE and PEPE are down around 7%, FLOKI has dropped 9%, and some like SPX have been hit even harder, tanking over 13%.
These price drops have lowered the total market cap for meme coins to $51.5 billion.
Besides TUT (and GHIBLI) posting gains, retail traders have faced a difficult day.
But what’s spooking the market?
Part of it might be typical Friday jitters, with traders potentially cashing out some profits before the weekend.
Looking at the bigger picture, there are also nagging worries about inflation rising again (due to persistent global trade tensions) and uncertainty about whether the Fed will actually cut rates twice this year.
That kind of tension often makes investors hesitant to hold onto riskier assets – like meme coins.
And that makes TUT’s price pump even more impressive.
Could Solaxy Be the Next TUT-Like Rally? SOLX Token Presale Goes Viral with $28M+ Raise
TUT’s rally has got everyone asking: Which meme coin might explode next?
One name that keeps getting a lot of engagement is Solaxy.
Solaxy is building something many believe Solana desperately needs – its first proper scaling solution.
Using tech called “rollups,” Solaxy can bundle transactions off the main Solana chain, making things way faster and cheaper.
None of this comes at the expense of security.
Plus, the team isn’t stopping there, since they’re also building a bridge to link up with Ethereum – potentially unlocking massive cross-chain liquidity.
The hype around Solaxy seems to be peaking as we head into Q2.
Solaxy’s presale has raised over $28 million, and the project has hit 73,000+ followers on X (Twitter).
Major crypto influencers, such as NASS CRYPTO, who has over one million YouTube subscribers, have also discussed SOLX’s potential.
Seeing how Tutorial exploded after listing on Binance, Solaxy’s Telegram channel members are wondering if SOLX could be next in line for a massive rally.
Right now, SOLX tokens are available for just $0.001676.
That means early investors can secure a stake in Solaxy at a potential discount relative to the planned DEX listing price.
So, although it’s still early days, Solaxy is shaping up to be a project that could disrupt the Solana ecosystem in a positive way.
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