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Crypto

Solana Price Holds Steady at $103 Amid Record-Setting Institutional Demand

Guavy AI Editorial Team
Instruments
SOL
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Solana's price has been holding steady at $103.19, down $1.59 over 24 hours from Monday's close at $103.00.

This level is significant because approximately 39 million SOL tokens were accumulated near this price point, making it the single largest cost-basis cluster on the chart.

Despite strong institutional demand for Solana, as evidenced by record-setting flows of over $153 million into US spot Solana ETFs during the week ending August 28, the price has not responded accordingly.

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