During the Solana Accelerate conference, which is taking place in New York City, Ledger introduced a new Solana-branded wallet. The new wallet is based on Ledger’s latest Flex device, which was released last year.
Ledger announced today that the wallet will contain a Soulbound or SBT token, which is non transferable and acts as a proof of ownership. Soulbound (SBT) tokens may yield rewards for the Solana based wallet users.
The Ledger Solana wallet comes in purple and green
The Flex hardware wallet will come in purple and green, representing Solana’s branding colors. The wallet isn’t limited to the Solana network, and it will work with other networks, including Bitcoin, Ethereum, Polygon, and more.
The Ledger Solana wallet will have features specific only to the Solana network. Users will have the ability to interact with Solana-based tokens or SPL tokens in many ways. They can securely store, transfer, or merge the SPL tokens as needed.
This is not the first time Ledger has introduced a coin-specific wallet. In mid-2024, Ledger rolled out a special “BTC Edition” of its Ledger Flex hardware wallet. At the time, the company celebrated its 10-year anniversary. The Bitcoin-specific wallet sells for $249, and Ledger donates $5 to Brink, a non-profit organization supporting Bitcoin developers.
The release of a Solana-branded Ledger wallet is a result of the community growth and resilience of the Solana ecosystem. Many people expected the layer-1 project to fail, especially after the collapse of the FTX exchange in 2022 and the arrest of its founder, Sam Bankman-Fried, who had a strong influence on Solana’s adoption.
Today, the Solana ecosystem has demonstrated its growth and resilience with a total value locked of $9.53 billion and $1.2 billion in application revenue in Q1 2025. In March, the Solana network reached a new all-time high of 11.12 million active addresses. According to Nansen, Solana had around 24.2 million weekly active addresses in early May.
SOL is currently trading at $179.59 and ranks sixth amongst the top cryptocurrencies by market cap. Its price has increased by 6.7% in the last 24 hours, after Bitcoin recorded a new all-time high of $111,814 based on CoinGecko data.
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