Here comes Chronic Dev Team with their an untethered jailbreak tool Corona for iOS 5.0.1, like Dev team’s untethered solutions PwnageTool 5.0.1 and Redsn0w 0.9.10b1.
See also:
PwnageTool 5.0.1 to Untether Jailbreak iOS 5.0.1
How to Do Untethered Jailbreak of iOS 5.0.1 with Redsn0w 0.9.10b1
Corona is very simple to use, and does not require any external tool or iOS restore. So, through guide below you can know how Corona performs untethered jailbreak of iOS 5.0.1 over iPhone 4, 3GS, iPod Touch 4G, 3G and original iPad.
Note: To use Corona your iDevice must be already jailbroken, otherwise go for Redsn0w untethered jailbreak.
Untethered Jailbreak of iOS 5.0.1 with Corona
Step-1
Tap on “Cydia” icon from Springboard of your already jailbroken iDevice
Step-2
Tap on “Search” and search for “Corona 5.0.1 untethered”
Step-3
Install Corona
Step-4
Tap “Cydia” and “Reboot” and that’s it
Enjoy, your iDevice is now untethered jailbroken over iOS 5.0.1.
Update: Corona update is available for untethered jailbreak of iOS 5.0.1 which fixes some iBooks error issues found in original Corona release.