SOL, the native cryptocurrency of the first-layer blockchain Solana, has surged 6% in the past 24 hours following a major announcement about Solana Mobile 2.0. As a result, the price of SOL is once again approaching $140.
The Solana Seeker, a Web3 mobile device from Solana, is equipped with enhanced security vault facilities and new AI capabilities.
SOL price rises strongly due to major announcement
Currently, the price of SOL has risen by 5.97% to $138.8, with a market value of $65 billion. As we all know, as the meme coin craze on the first-layer blockchain gradually subsided and turned to the Tron blockchain network, the price of Solana has been hovering around $150 in the past five months.
Currently, there is a lot of doubt and concern (FUD) in the market about Solana's economic design, which has brought some selling pressure to the SOL cryptocurrency. Some reports even suggest that Solana will become the next Terra LUNA. However, Justin Bons, founder and CIO of Cyber Capital, pointed out that such panic talk is exaggerated and unfounded.
Currently, the price of SOL is trading near a critical support level, which could trigger a sharp correction. Well-known trader Peter Brandt shared his observations on Solana while warning that if the support level is broken, it will trigger the completion of a larger rectangular consolidation pattern and could push the price of SOL down to $80.
Solana Seeker Mobile 2.0 — What does it bring?
In its latest announcement earlier today, Solana Mobile announced the launch of the next generation of Web3 mobile devices, Solana Seeker Mobile 2.0. This new phone achieves seamless integration of hardware and software while offering a lighter, brighter build, improved camera, and longer battery life at a more affordable price.
Solana Seeker Mobile comes with the new Seed Vault wallet developed in partnership with Solflare Wallet. This mobile-first wallet features double-click transactions, secure self-protection, and a seamless user experience.
In addition, Solana has also updated its mobile dApp store to improve user navigation and mobile tracking. The Seeker mobile device provides an exclusive web3 experience covering areas such as DeFi, payments, NFTs, and games. It also comes with the Seeker Genesis token, which gives users VIP access to content and rewards in the Solana ecosystem. The community is full of expectations for how the Seeker token will affect the SOL price in the future.
Developers can take advantage of the growing interest in the Solana community thanks to the Solana Seeker Mobile, which provides connections to dApps, DeFi, and more. Recently, they also released a major update for the Solana developer community with the official launch of ZK Compression.
Seeker also expands Solana’s AI integration, with tokenized AI agents interacting on-chain, bringing new possibilities for engagement. Additionally, users can earn yield using DePIN apps such as Helium Mobile, which offer exclusive coverage and network mapping opportunities.
