Solana Surges 19% to $91 on US Treasury Boost and Institutional Inflows

Solana's native token SOL saw a notable price surge of over 19% this week, reaching as high as $91 before consolidating near $89. This rally comes on the heels of renewed optimism in cryptocurrency markets following an influential move by the US Treasury Department.

The US Treasury action involved doubling its buyback operations for long-term Treasury bonds, increasing the minimum purchase amount from $2 billion to $4 billion per operation. This step was designed to enhance market liquidity and support broader risk appetite, with digital assets like Solana benefiting from the renewed investor confidence.

Institutional inflows into Solana also intensified, with SOL spot exchange-traded funds recording net inflows totaling $14.58 million on Thursday. This marked the highest single-day inflow since late July, extending the positive momentum seen in recent days.