Solflare introduced a new self-custody debit card with Mastercard as Solana continued to face strong market pressure. The launch came during a challenging week for SOL, with the token sliding deeper into a prolonged downtrend.
The new card aims to give users direct control of their crypto spending, even as Solana’s market performance struggles to find a stable floor. This mix of product expansion and price weakness created a contrasting moment for the Solana ecosystem.
New Card Targets Everyday Crypto Payments
Solflare released a digital debit card that connects directly to a non-custodial Solflare wallet. The card lets users pay with USDC instantly across Mastercard’s global merchant network.
Users approve every payment through biometric checks, PIN confirmation, and a physical card tap. These layers keep control with the user and remove preloading steps.
Additionally, the card supports real-time alerts and fraud monitoring. This makes the experience feel similar to a traditional banking product.
The card will go live first in the UK and the EEA before expanding into more regions. Furthermore, Solflare plans wider integration with mobile wallets. Google Pay support is available at launch, while Apple Pay support will follow soon.
The company said more than 115,000 users signed up for early access. This shows strong interest in direct off-ramping through consumer-grade tools. The product also signals a broader shift toward turning crypto holdings into daily spending power.
SOL Price Pressured Despite Product Momentum
Solana’s price failed to benefit from the new launch. SOL traded near $132 after another weekly decline. The token dropped more than 14% in seven days and continued to struggle against broader market weakness.
Source: X
Analyst TedPillows noted that SOL ranked among the weakest large-cap performers this month. He said the decline swept out most downside liquidity. Consequently, sell pressure eased at lower levels, leaving room for any potential rebound.
Moreover, liquidity maps show strong upside clusters between $170 and $200. These zones could attract price if market sentiment improves. SOL currently stabilizes near $135 to $145, where small liquidity pockets appear.
Hence, traders are watching the next bounce. A short recovery could lift SOL toward $160 before testing deeper liquidity bands near $180 and $195. The setup now favors upside sweeps if the market strengthens.
Source: https://coinpaper.com/12473/solflare-and-mastercard-launch-solana-s-first-self-custody-debit-card-as-sol-extends-weekly-losses
