Solana was founded by former Qualcomm, Intel, and Dropbox engineers with technology and computing backgrounds.
The Solana ICO took place in March 2020. Solana managed to raise $25,660,000 by accepting both USD and USDC during the ICO.
On the other hand, SOL was one of the worst-performing cryptocurrencies of 2022. This negative situation was due to repeated network outages, a cyberattack targeting Solana hot wallets, and the impact of the FTX’s collapse.
SOL is up 3.73% in the last 24 hours. Solana will launch an Android phone called Saga on April 13, 2023. Saga has an IP68 water and dust resistance rating, a 120Hz AMOLED display, a 50MP main camera, a 16MP front camera, and up to 1TB of internal storage. The upcoming launch of Saga may have been instrumental in the rise of SOL.
