After lackluster initial sales, Solana Mobile’s preorder campaign for its new mobile device called Chapter 2 has attracted 100,000 preorders in under 30 days, exceeding the company’s production capacity 5 times over.
Solana suffered an outage leading to $3M in liquidations, but the price only dropped 1% and could recover if no further outages occur soon.
The largest BONK token holder, controlling over 12% of supply, will provide $500,000 to a Solana ecosystem venture fund organized by startup accelerator Colosseum.
Solana (SOL) is showing signs of recovery and could rally 38% to hit $140 soon according to one analyst. Since January 2023, SOL’s price is up over 320% indicating a bullish trend.
Billionaire biohacker Bryan Johnson partners with digital artist Degen Poet for a free NFT airdrop collection called Blueprint, exclusively for DRiP holders on Solana.
MatterFi appoints Billy Mullins as CTO to enhance decentralized finance solutions and strengthen user asset security in the wake of recent scams and hacks, bridging the gap between centralized and decentralized finance.
Solana has introduced “token extensions” that add advanced features comparable to Ethereum’s ERC-20 tokens, catering to builders across payments, stablecoins, real-world assets, and more while simplifying compliance.
Solana has reached a new high of $300 billion in stablecoin transaction volume in January 2024 alone, representing a 2500% increase year-over-year. This positions Solana with a 32% market share, behind only Ethereum.
Solana Mobile plans to launch a more affordable follow-up to its Saga smartphone, incorporating the same crypto-friendly features while introducing different hardware.
Asset management firm Franklin Templeton expressed optimism about Solana’s growth prospects and scalability, predicting the SOL price could reach $150 as institutional interest builds behind the creation of a Solana ETF product.
