Solana News: Solana Mobile Launches Seeker Smartphone, SOL Price Battles To Regain Losses
Main Idea
Solana Mobile has launched the Seeker Web3 smartphone, which aims to boost SOL's price by reducing supply, while SOL's price shows signs of recovery amid growing institutional interest and bullish market sentiment.
Key Points
1. Solana Mobile announced the launch of its Web3 smartphone, the Seeker, designed to offer crypto utilities and reduce SOL supply.
2. Over 150,000 units of the Seeker were pre-ordered and are being shipped to more than 50 countries.
3. SOL price is consolidating around $165–$173 after a recent dip below $160, with analysts noting long-term support strength.
4. Growing institutional interest, staking inflows, and the Seeker phone's launch contribute to bullish sentiment for SOL.
5. Solana CME futures volume surged 252% in July, reaching $8.1 billion, with potential for further growth due to ETF approvals.
Description
A few hours ago, Solana Mobile announced news via its X account, revealing the official launch of its Web3 smartphone, the Seeker. The Seeker is Solana’s hardware release, offering crypto utilities. Solana Mobile aims to combine hardware adoption and technical wallet integration to drive active usage and dApp transactions. Adopting Seeker could reduce the available Solana, tighten supply and support SOL price recovery. According to the Solana news, “The phones are being shipped across more than ...
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