Solana's SOL Token Surges 20% as Institutional Demand Hits Record Pace

Solana's SOL token has been on a tear, rising over 20% from its August 20 low of $85.37 to an intraday high of $102.59 before pulling back to around $97.50.

The rally was fueled by institutional demand and a broader crypto market move, with U.S. Treasury liquidity actions pushing government bond yields lower and weakening the dollar.

Spot Solana ETFs recorded $33.5 million in net inflows on Monday alone, the largest single-day figure of 2026, bringing cumulative inflows to a record $1.22 billion.

Analysts predict SOL could reach $120 if Bitcoin remains stable, but some warn that the current price level is a potential bull trap.