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China – a country that has banned cryptocurrency transactions – holds one of the world’s largest crypto fortunes. It turns out that China owns 194,775 Bitcoin and 833,083 Ethereum. This reserve is second only to the US, with 198,109 BTC.
However, China does not openly admit to the accumulated crypto. In fact, a recent report by the South China Morning Post said that North Korea is holding on to so much Bitcoin, that only the US and the UK seem to have more.
Interestingly, according to a 2020 ruling by the Jiangsu Yancheng Intermediate People’s Court, China seized 194,775 BTC, 833,083 ETH, 487 million XRP, 6 billion DOGE, 79,581 BCH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, and 213,724 USDT.
The Chinese government confiscated an extraordinary crypto haul from the PlusToken scam in 2019, which at current prices is worth a staggering $20.77 billion
China’s crypto reserve mostly comes from the crackdown on PlusToken, which was never sold by the government.
JUST IN: Hong Kong ETF issuer CONFIRMS China is actively preparing a shift into Bitcoin and crypto. pic.twitter.com/LS9r9WDyoG
— Altcoin Daily (@AltcoinDailyio) March 24, 2025
Explore: Best New Cryptocurrencies to Invest in 2025
Explore Best New Crypto To Buy!
Solaxy, with its SOLX tokens, comes as a Layer-2 scaling solution designed to ease Solana’s persistent network congestion. By processing transactions off-chain and bundling them into rollups before settling on Solana’s mainnet, Solaxy reduces the burden on the main chain.
This approach enhances transaction speed and lowers costs, addressing issues like delays and failures that spike during high-traffic periods, especially with DEX like Orca. Solaxy maintains Solana’s security while boosting scalability, a practical fix for Solana’s growing pains.
The SOLX token powers this ecosystem, serving as a utility asset for transaction fees and governance. Furthermore, its multi-chain functionality bridges Solana with Ethereum, tapping into Ethereum’s liquidity.
Currently, SOLX tokens are priced at $0.00167 in the ongoing presale. The presale has raised over $28 million, and the price is set to rise incrementally, benefiting early buyers.
Moreover, Solaxy offers a staking mechanism with a current APY of 149%. This high APY incentivizes holding, reducing circulating supply and supporting price stability.
Combined with its presale momentum and technical innovation, SOLX stands out as a strategic upgrade for Solana, easing congestion and stamping itself as the best crypto to buy besides ORCA.
You can buy SOLX with Solana by connecting your wallet or using your bank cards.
For the latest updates on the project, connect with the SOLX community on X and Telegram
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