Solana's SOL Price Drops Despite Phone Pre-Orders Surpassing 100K

Solana (SOL) has experienced a decline in its market price despite the overwhelming success of its mobile division. The blockchain company recently announced that pre-orders for its second crypto-enabled smartphone have surpassed 100,000 units in just over a month, a significant milestone that underscores the growing interest in crypto-integrated devices. However, this enthusiasm has not translated into immediate positive momentum for SOL’s market price, which has decreased by 0.81% over the past 24 hours.