Solana Price Surges to Two-Month High Amid Validator Voting and Institutional Demand

Solana's price has surged by 27% over the past week and is currently trading above $94, its highest level in two months. The token's bullish near-term structure remains intact as it trades above its major moving averages.

The start of validator voting on three network proposals provides fundamental support for SOL. These proposals include the Solana Constitution, which would establish a formal framework for network-level decision-making, and changes to the token issuance schedule and transaction-fee structure.

Institutional demand for Solana strengthened last week as SOL-focused ETFs recorded four consecutive trading days of inflows, attracting a combined $28.34 million according to CoinGlass data.