- Preorders have hit 1o0K, making Solana proceed with the manufacturing.
- SOL was the best-performing large-cap crypto within the final week.
Solana [SOL] Cell’s upcoming “Chapter 2” Web3 telephone was making waves available in the market, with customers jostling to get their palms on the gadget.
A brand new “chapter” for Solana telephones
In line with on-chain analytics agency Flipside, round 53.4K items have been preordered as of the thirteenth of February, almost a month after Solana introduced the successor to the Solana Saga telephones.
In truth, one person purchased almost 25 items, shelling out a complete of $11,252 on the acquisition.
Be aware that this knowledge solely accounted for the purchases made by way of Solana Pay, excluding gross sales made by way of Visa or different fee networks.
The countdown begins
Earlier, Solana Cell announced that preorders for Chapter 2 had reached 100K, a goal which ensures the manufacturing of the gadget. With this, the agency additionally ended its early preorder worth of $450. The telephones have been anticipated to be shipped within the first half of 2025.
Chapter 2, like its predecessor Solana Saga, was designed to make crypto services extra accessible to the general public, Solana Cell had beforehand stated.
SOL was pumping however be aware
It was extremely possible that the hype across the upcoming product was making use of upward strain on native token of the ecosystem.
SOL was the best-performing large-cap crypto within the final week, accumulating positive aspects of 18.38%, in line with CoinMarketCap.
Having stated that, the market sentiment in the direction of the fifth-largest cryptocurrency was nonetheless unfavourable as of this writing, AMBCrypto famous utilizing Santiment knowledge.
Furthermore, the coin wasn’t producing sufficient social buzz as seen from the subdued social quantity indicator.
How a lot are 1,10,100 SOLs price as we speak?
The rise in spot costs brought about a spike in derivatives merchants’ investments. The Open Curiosity (OI) in SOL futures was sitting at an all-time excessive (ATH) of $1.7 billion at press time, as per AMBCrypto’s examination of Coinglass knowledge.
Nevertheless, a lot of the new positions have been betting on SOL’s worth decline. The variety of shorts vis à vis longs elevated within the final 4 days, suggesting {that a} reversal was someplace not far away.