Solana Clears $100 as Institutional Access and Supply Squeeze Converge
Solana's price has broken above the $100 mark after months of resistance below this psychological level.
The breakout comes as institutional access and ETF activity increase, with Charles Schwab preparing to expand Solana access and the token moving towards a tighter issuance framework.
Schwab's decision to add Solana to its brokerage platform expands its digital-asset offering to three of the largest cryptocurrencies outside BTC and ETH, overseeing more than $12 trillion in client assets and about 39 million active brokerage accounts.
The demand-side developments are being matched by a potentially important change to SOL's future supply as validators vote on proposals that would accelerate disinflation and increase the amount of transaction-related fees permanently removed from circulation.