Solana Soars as Treasury Policy Shift Boosts Risk Appetite
Solana's SOL token has seen a significant price surge over the past week, reaching $91 before consolidating. This rally is attributed to renewed optimism across cryptocurrency markets following a market-friendly policy shift from the US Treasury.
The catalyst for this move came when the US Treasury Department announced it would expand buyback operations for longer-maturity Treasury bonds, increasing the size from $2 billion to a minimum of $4 billion per operation. This decision addressed liquidity concerns and encouraged greater risk-taking across global markets, including digital assets.
Institutional interest has accelerated alongside the price action, with SOL spot exchange-traded funds pulling in $14.58 million in net inflows on Thursday. This represents the largest single-day accumulation since late July and extends a three-day streak of positive flows.