Solana Surges Past $100 on Record Institutional Investment

Solana's price has surged above $100 for the first time since late January, reaching $105.40 and marking a new high for the asset.

The token outpaced the broader crypto market, which saw gains of only 2.21% over the past 24 hours, while Solana jumped by 9.26%

This price action is largely driven by institutional investment, with US spot Solana ETFs recording a record $1.22 billion in cumulative net inflows and a single-day high of $33.49 million on August 24.

The technical analysis suggests that the breakout above $100 was not just a simple momentum spike, but rather a genuine structural change in the chart, with the price action showing signs of releasing stored energy rather than chasing news.