Solana Surges 44% Amid Strong Institutional Demand

Solana's price has surged 44% over the past 30 days, with buyers defending the $100 level. This rebound triggered a significant increase in market activity, with trading volume rising 64% to $3.5 billion.

The token's recovery is taking place despite uncertainty surrounding the US interest-rate outlook and tensions between the White House and the Federal Reserve.

Institutional demand remains strong, with Solana-linked exchange-traded funds recording their 10th consecutive week of positive net inflows. These products attracted $193 million in August as the token moved above its 200-day exponential moving average.