YouTube video by Ben Simpson explaining why Solana's price is rising to seven-month highs. He cites three main drivers: treasury-style on-market purchases (~$1.6B raised to buy SOL), release of the Seeker Mobile phone that rewards users in SOL, and an upcoming Solana network upgrade (“Apple and Glow”) aimed at competing in financial settlement. The creator states personal bullishness and portfolio exposure.
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Solana is absolutely pumping at seven month highs because of a few reasons I'm going to share with you and it's a big reason why I have it in my portfolio. Number one, they now have treasury companies buying Solana on market. Literally $1.6 billion of capital fresh cash was raised to buy Solana which is the same treasury style that Ethereum and Bitcoin have been running which is pushing, pushing the price up. Second thing, they've just released their new mobile phone, the Seeker Mobile. This is literally their own mobile phone that you get rewards in Solana by doing different things for the applications on their phone, which is crazy. And the third thing is the new Apple Land. Apple and Grow, I think that's how you pronounce it. Apple and Glow upgrade, which is coming very soon as Solana increases and upgrading their blockchain to try and come after the finance settlement system. This is the same style of system that XRP and a number of other projects are trying to compete for. This is a huge market, they can pay it, pull it off. It's going to be a huge winner for Solana. That is why Salon is pumping, that is why I'm bullish and that is why we have been buying. Actually might put the screenshot here if I can since $22 now over 10x.
