- Ledger’s Solana launch follows its 2024 Bitcoin Flex edition, priced at $249 with donations to Brink for developers.
- The release leverages Solana’s recovery post-FTX collapse, targeting users seeking dedicated tools for its growing app ecosystem.
Hardware wallet manufacturer Ledger unveiled a Solana-themed version of its Flex device at the Solana Accelerate conference in New York. The purple-and-green wallet, designed to mirror Solana’s branding, supports multiple blockchains but includes features tailored specifically for Solana’s ecosystem.
The device integrates a non-transferable “Soulbound” token (SBT), which serves as proof of ownership and may unlock future rewards for users. Unlike standard crypto assets, SBTs cannot be sold or transferred, anchoring them to the original wallet holder. Ledger confirmed the Solana edition will retain compatibility with Bitcoin, Ethereum, and Polygon networks, allowing users to manage diverse assets on a single device.
For Solana users, the wallet enables secure storage, transfers, and merging of SPL tokens—Solana’s standard for fungible and non-fungible assets. This functionality mirrors Ledger’s earlier Bitcoin-themed Flex wallet, released in 2024 to mark the company’s 10th anniversary. The Bitcoin edition, priced at $249, donates $5 per sale to Brink, a nonprofit backing Bitcoin developers.
Pricing and availability details for the Solana wallet remain undisclosed
However, Ledger emphasized its Flex line’s modular design, which allows hardware swaps without disrupting connected software. The company plans to expand its blockchain-specific editions, though no timelines were shared.
ETHNews analysts note the SBT feature could deepen user engagement by linking rewards to long-term ownership. However, questions linger about its utility beyond symbolic value. Solana’s recent developer growth—up 83% in 2024 per Electric Capital—suggests demand for specialized tools, but competition from cheaper software wallets persists.
Ledger’s Solana pivot reflects broader industry trends, where hardware providers increasingly court individual blockchain communities.
Solana (SOL) – Real Price & Technical Market Analysis – May 22, 2025
Solana (SOL) is currently trading at $177.53, reflecting a -1.22% daily decline, but maintaining its weekly momentum with a +5.04% gain over the past 7 days. Over the last month, SOL has appreciated +19.38%, positioning itself as one of the stronger Layer 1 performers in the current altcoin cycle.
Despite this recent rally, SOL remains -5.88% year-to-date and -30.34% down over the past 6 months, indicating the recovery is still unfolding from deeper corrections earlier in the year.
Technically, SOL is facing resistance near $186, a critical level that, if breached, could open the door to a push toward $200, with broader targets extending to $210+. Support is currently building around $172–$174, and any loss of that range could bring the asset down to the $164–$168 support band.
The weekly MACD indicator continues to trend bullish, while short-term buy volume remains moderate, suggesting the need for stronger confirmation before breakout continuation.
Recent ecosystem developments further support Solana’s case for bullish continuation:
- WalletConnect (WCT) has expanded to Solana, enabling cross-chain token transfers and staking through the Wormhole Portal Bridge.
- Kalshi, a regulated prediction market platform, has integrated Solana via Zero Hash, improving fiat-to-SOL rails and raising deposit limits.
- R3, the enterprise blockchain developer behind Corda, has partnered with Solana to bring real-world financial assets (RWAs) on-chain, aligning Solana with tokenized capital market narratives.
- Ledger has launched a custom Solana-branded hardware wallet, boosting non-custodial adoption and SPL token management.
