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Solana Price Surges Past $110 as Institutional Demand Hits Record Highs

Guavy AI Editorial Team
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SOL
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Solana has seen its price surge past $110 as institutional demand for the token continues to grow. The Bitwise Solana Staking ETF ($BSOL) posted a record single-day trading volume of over $126 million, surpassing Monday's previous high.

The fund has now traded $500 million in total over the past seven sessions, with cumulative net ETF inflows nearing $1.26 billion, roughly 2.2% of Solana's market cap.

DeFi Dev Corp, a treasury company for Solana, resumed purchasing the token on August 29, acquiring 19,000 SOL for $1.86 million at an average price of $98.14.

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