According to Pedro Gomes on Twitter, the Solana community is actively discussing their favorite wallets, with Phantom, Solflare, and Backpack emerging as top choices (source: Pedro Gomes Twitter, May 17, 2025). For traders, understanding wallet popularity is crucial, as increased adoption of Phantom and Solflare signals higher on-chain activity and liquidity on Solana DEXs. This trend can impact SOL price volatility and drive transaction volumes, making these wallets important indicators for short-term trading strategies.