Recently, the cryptocurrency market has shown signs of recovery, with Solana 
$240 (SOL) experiencing a remarkable increase in social media sentiment. A notable development fueling this excitement is the ongoing rumors that technology giant Apple may be developing a project on the Solana Blockchain. While these unverified rumors have sparked enthusiasm among traders, they have also triggered upward movement in SOL’s price.
Solana Shines on Social Media
Santiment data indicates that on October 11, there were five positive comments for every negative comment regarding Solana on social media. This marks the highest level of positive sentiment observed in the past three weeks. As traders focus on the potential integration of Apple into the SOL ecosystem, communities around Bitcoin 
$91,594 and Ethereum 
$3,096 have adopted a more neutral stance.
Although the entire cryptocurrency market has recovered over the past few days, Solana’s leading position in terms of social media interest stands out. This increase in sentiment is expected to positively affect SOL’s price as well.
Apple Rumors Excite Traders
The circulating rumors that “Apple is working on the Solana Blockchain” have generated a hype effect within the Solana community. However, the lack of official confirmation leaves a risk factor in play.
As speculation regarding Apple’s potential contributions to the Solana network proliferates on social media, some analysts have warned that prices could inflate based on these rumors. Given the significant influence of social media on cryptocurrency prices, Solana’s short-term rise should be monitored closely. The upcoming days will reveal whether the Apple rumors hold any truth and how they will impact SOL’s price.
At the time of this report, SOL was trading at $147.66 after a 1.04% increase in the past 24 hours. Data shows that the price of the altcoin has risen by 2.79% over the last week.
