Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Are Solana phones responsible for SOL’s 18% surge?
ALTCOIN NEWS

Are Solana phones responsible for SOL’s 18% surge?

By Crypto FlexsFebruary 14, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Are Solana phones responsible for SOL’s 18% surge?
Share
Facebook Twitter LinkedIn Pinterest Email

  • The number of pre-orders has reached 100K, so Solana has started production.
  • SOL was the best-performing large-cap cryptocurrency last week.

Solana (SOL) Mobile’s upcoming “Chapter 2” Web3 phone was making waves in the market as users flocked to get their hands on the device.

A new “chapter” for Solana phones

According to on-chain analytics firm Flipside, about 53.4K units had been pre-ordered as of February 13, almost a month after Solana announced the successor to its Solana Saga phone.

In fact, one user purchased almost 25 products, bringing his total purchase amount to $11,252.

Source: Flipside

This data only applies to purchases made through Solana Pay, excluding sales made through Visa or other payment networks.

The countdown begins

Solana Mobile previously announced that pre-orders for Chapter 2 had reached 100K, a goal that would guarantee production of the device. With this, the company has also ended its initial pre-order price of $450. The phone was expected to be released in the first half of 2025.

Chapter 2, like its predecessor, Solana Saga, is designed to make cryptocurrency products and services more accessible to the public, Solana Mobile previously said.

SOL was pumping but be careful

It is very likely that the hype around the upcoming product is putting upward pressure on the ecosystem’s native token.

According to CoinMarketCap, SOL was the best-performing large-cap cryptocurrency last week, with an increase of 18.38%.

Nonetheless, using Santiment data, AMBCrypto noted that market sentiment towards the fifth-largest cryptocurrency remains negative at the time of writing.

Moreover, the coin failed to generate sufficient social buzz as seen by the depressed social volume indicator.

Solana's Weighted Emotions

Source: Santiment


How much is 1,10,100 SOL worth today?


Due to the rise in spot prices, investments by derivatives traders increased rapidly. Open interest (OI) in SOL futures hit an all-time high (ATH) of $1.7 billion at press time, according to AMBCrypto’s investigation of Coinglass data.

Solana’s Open Interest leaps to ATH.

Source: Coinglass

However, most of the new positions were betting on a decline in the price of SOL. Over the past four days, shorts have increased relative to longs, suggesting that a reversal is imminent.

SOL Long/Short Ratio

Source: Coinglass

Next: Crypto whale acquires Render (RNDR), Stacks (STX) and Option2Trade (O2T)

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025
Most Popular

3 reasons why Ethereum price is headed to $4,000

November 13, 2024

Kraken CEO Dave Ripley at DC Fintech Week: Building Bridges to the On-Chain Future

November 25, 2023

5 Cryptocurrencies That Can Easily Earn 20-30x Profits

January 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.