Solana Surges to $105 Amid Seven Straight Days of ETF Inflows

Solana (SOL) surged 7% to $105 on Thursday, its highest price since January 31, as U.S. spot ETFs logged a seventh straight day of inflows.

The token led gains across large-cap tokens and the wider market moved with it, with Bitcoin (BTC), Ether (ETH), and XRP recovering toward their previous highs.

U.S. spot Solana funds took in $9.14 million on August 26, extending their run of positive sessions to seven, with Morgan Stanley's MSOL product accounting for $5.51 million of that.

Validators finished voting Thursday on three proposals covering governance, issuance, and network fees, which could have a significant impact on the token's supply and demand.