Solana Price Taps $105 as Governance Vote Concludes

Solana (SOL) price has reclaimed $105 after seven months of trading. The token experienced an 8% surge on Thursday, outperforming other large-cap digital assets.

The increase is partly due to U.S. spot Solana ETFs taking in a seventh consecutive positive session, with Morgan Stanley's MSOL product accounting for $5.51 million of the total $9.14 million inflows.

Validators are finishing their voting process on three proposals covering governance, issuance, and network fees. The second proposal could lead to a significant supply squeeze, with daily token burns potentially increasing 14-fold.