The cryptocurrency market is showing signs of recovery, and Solana (SOL) is standing out with a noticeable increase in social media interest. The main reason for this interest is rumors about an Apple project being developed on the Solana blockchain, fueling both positive trader sentiments and an increase in SOL's price.

Impact of Social Media on Solana

According to Santiment data, on October 11, there were five positive mentions for every negative mention of Solana. This marks the highest positive sentiment in the past three weeks. While traders focus on the potential Apple integration into the SOL ecosystem, Bitcoin and Ethereum communities have maintained a more neutral stance.

Apple Project Rumors

Rumors that 'Apple is working on the Solana Blockchain' have created excitement within the Solana community. However, the lack of official confirmation presents a risk factor. As speculation about Apple's potential involvement spreads, some analysts caution about price inflation based on these rumors.

Current SOL Price Analysis

At the time of writing, SOL was trading at $147.66, reflecting a 1.04% increase in the past 24 hours. Data shows that the altcoin price has risen by 2.79% over the last week.

Market reactions to these rumors demonstrate the influence of social media on cryptocurrency prices. Upcoming days will reveal whether the Apple rumors hold truth and how they will affect SOL's price trajectory.