Solana(SOL) climbed 8% to $105 on Thursday, its highest price since Jan. 31, as U.S. spot ETFs logged a seventh straight day of inflows. Key Points: Solana traded near $105 on Thursday, a lev
Solana(SOL) climbed 8% to $105 on Thursday, its highest price since Jan. 31, as U.S. spot ETFs logged a seventh straight day of inflows.
Key Points:
- Solana traded near $105 on Thursday, a level last seen on Jan. 31, and led gains across the large-cap tokens.
- U.S. spot Solana ETFs took in $9.14 million on Aug. 26, their seventh consecutive positive session, with Morgan Stanley's product supplying most of it.
- Validators finish voting Thursday on three proposals covering governance, issuance and network fees.
The token surged roughly 7% during Thursday's session, making it the strongest performer among the large-cap digital assets. Data from Coinglass showed about $14.6 billion in Solana futures changing hands over 24 hours, against roughly $1.7 billion on spot venues, with $22.6 million in leveraged positions liquidated. Open interest held near $6.5 billion.
The wider market moved with it. Bitcoin(BTC) returned to $80,000 after slipping under $78,000 a day earlier, Ether(ETH) reclaimed $2,550 and XRP(XRP) recovered toward $1.45, lifting the combined value of the market to about $2.78 trillion.
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United States spot Solana funds took in $9.14 million on Aug. 26, extending their run of positive sessions to seven.
Morgan Stanley's MSOL product accounted for $5.51 million of that, according to SoSoValue figures, with the remainder spread thinly across the other issuers on the list. Cumulative net inflows now stand near $1.26 billion, or about 2.2% of the token's market value.
That streak began Aug. 18 and peaked on Aug. 24, when the funds pulled in $33.5 million in their biggest single day of 2026 and set a record for daily turnover across the group. Bitwise's BSOL has absorbed roughly 80% of all money entering the category since it launched last October, a concentration that leaves the sector leaning on one issuer.
Validators and delegators conclude voting Thursday on three proposals filed under Solana's first formal governance process. One would double the annual disinflation rate from 15% to 30%, removing about 18.9 million SOL from scheduled emissions over the next six years. Another reworks resource fees, and could lift daily token burns roughly 14-fold.
Traders have read that second proposal as a supply squeeze, and the chart already looks stretched, with the daily RSI sitting above 70.
Anton Kharitonov, an expert at Traders Union, attributed the advance to technical momentum layered on governance activity, and set his base case at consolidation between $95.80 and $112.21 rather than an immediate break higher.
The rally caps a punishing stretch for holders. SOL opened Aug. 20 at $85.37 after trading near $75 the week before, then ran past $102 by Aug. 25 before profit-taking dragged it back under $98 on Wednesday. Even after a weekly gain of about 35%, the token sits more than 60% below the record high it set in January 2025.
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