Solana News: Sol Strategies Launches Mobile Staking App, Stock Surges 27%

Sol Strategies, a Canadian Solana infrastructure investor, has launched a groundbreaking mobile staking app, causing its stock price to soar by 27%. The app, developed by OrangeFin Ventures, is now available on the Solana dApp Store and offers a non-custodial staking solution for Solana (SOL) directly from mobile devices.

Sol Strategies Stock Price Blasts 27% Higher After Launch of Solana Mobile Staking App

Sol Strategies, a publicly traded Canadian Solana infrastructure investor and holding company, has announced the launch of its new Solana mobile staking application from OrangeFin Ventures. The app, now available on the Solana dApp Store, is the first non-custodial staking solution that allows investors to stake Solana (SOL) directly from their phones, delivering a streamlined and intuitive experience. This launch has significantly impacted the company's stock price, which surged by 27% following the announcement.

Solana Faces Potential Sell-Off Amid Whale Activity

Solana (SOL) is under scrutiny as significant whale activity has been observed, with 149,999 SOL (worth $27.92 million) transferred to Binance. This movement has raised concerns about a potential sell-off, which could impact SOL's market price. Traders and investors are closely monitoring the situation for further developments.

Solana Gets a Further Boost With The Launch of a Mobile Staking App

Solana is set to have a significant impact in 2025 with the launch of a new and improved network, funded by Solaxy ($SOLX). Additionally, a mobile staking app called Orangefin has been launched, allowing users to stake Solana ($SOL) coins on their Solana mobile phones. The app, currently available on the Solana dApp Store, will soon be available on Google Play and the iOS App Store. Staking on the app offers APYs between 8-.

Analyst: Solana ETFs Unlikely Until 2026 Amid SEC Delays

James Seyffart, an analyst at Bloomberg Intelligence, has indicated that the launch of Solana exchange-traded funds (ETFs) in the U.S. may be delayed until 2026. This delay is attributed to the SEC’s approval process, which typically takes 240 to 260 days, and ongoing lawsuits against crypto exchanges that claim Solana (SOL) may be an unregistered security. The SEC’s Division of Enforcement's classification of Solana as a security complicates the review process for a commodities ETF wrapper.