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ARK Invest Buys into Solana as Price Nears $83

Guavy AI Editorial Team Published August 19, 2026

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SOL

Solana's price is nearing $83 due to increased investments from Cathie Wood's ARK Invest in the 3iQ Solana Staking ETF.

Despite a slowdown in overall crypto ETF inflows, Solana ETFs attracted over $10 million in weekly investments recently.

A technical analysis suggests that if Solana's price breaks above $76, it could reach $83.

However, network activity and total value locked in Solana's DeFi ecosystem have declined, reflecting broader trends in the crypto market.

The Wire

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