SOL price rose 5.97% on the back of the launch of Solana Seeker Mobile, thus staying above key support levels.
SOL, the native cryptocurrency of the layer 1 blockchain Solana, has surged 6% in the past 24 hours following a major announcement about Solana Mobile 2.0. As a result, the SOL price is once again approaching $140. This Web3 mobile device from Solana - the Solana Seeker - comes with enhanced security vault facilities as well as new AI features.
SOL price surges on major announcement
The SOL price is currently up 5.97% at $138.8 with a market cap of $65 billion. As we all know, Solana price has been hovering around $150 for the past five months as the meme coin craze on layer 1 blockchains has gradually subsided and moved to the Tron blockchain network.
Currently, there is a lot of FUD in the market about Solana’s economic design, which has brought some selling pressure to the SOL cryptocurrency. Some reports also suggest that Solana will become the next Terra LUNA. But Cyber Capital founder and CIO Justin Bons pointed out that such panic talk is exaggerated and unfounded.
Currently, the SOL price is trading near a critical support level, which could lead to a sharp pullback. Well-known trader Peter Brandt shared his observations on Solana while warning that if the support level fails, it will trigger the completion of a larger rectangular consolidation pattern, which could push the SOL price down to $80.
Solana Seeker Mobile 2.0 – What Does It Offer?
In its latest announcement earlier today, Solana Mobile announced the launch of the next generation of Web3 mobile devices, Solana Seeker Mobile 2.0. The new phone seamlessly integrates hardware and software while offering a lighter and brighter build, improved cameras, 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-custody, and a seamless user experience.
Additionally, Solana has updated its mobile dApp store to improve user navigation and mobile tracking. The Seeker mobile app offers exclusive web3 experiences, including DeFi, payments, NFTs, and games. It also comes with the Seeker Genesis token, which grants VIP access to content and rewards in the Solana ecosystem. The community is looking forward to how the Seeker token will affect the SOL price in the future.
Developers can take advantage of the growing interest in the Solana community as Solana Seeker Mobile provides connections to dApps, DeFi, and more. Recently, Solana 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 money using DePIN apps such as Helium Mobile, which offer exclusive coverage and network mapping opportunities.
