Bullish
Solana's SOL token surges 46% in August, breaking 10-month losing streak
In August 2026, Solana's SOL token experienced a significant rally, climbing approximately 46% and reaching a peak of $110.38 on August 27, its highest level since late January. This surge ended a ten-month losing streak and was driven by substantial institutional investments, including U.S. spot Solana ETFs accumulating $1.34 billion in net inflows since October 2025. Additionally, Charles Schwab announced plans to integrate SOL access across its platform, serving around 39 million brokerage accounts.
Key points
- Solana's first binding on-chain governance vote approved the 'Double Disinflation' proposal, doubling the network's annual disinflation rate from 15% to 30%, effectively reducing future SOL supply by approximately 18.9 million over six years.
- The 'Resource and Inclusion Fee' proposal, aiming to accelerate daily SOL burns, was narrowly rejected by validators, receiving 53.90% support, below the required two-thirds threshold.
- Solana's Transaction V1 upgrade, scheduled for September 9, 2026, is set to increase the maximum transaction size from 1,232 bytes to 4,096 bytes, enhancing data capacity per transaction.
- A dormant whale purchased 76,856 SOL, valued at approximately $8 million, signaling renewed interest from large investors.
Sources
- Solana Surges 46% in August, Breaking 10-Month Losing Streak Amid Institutional InflowsGate US · August 30, 2026
- Solana Breaks 10-Month Losing Streak as Institutional Money Pours InBitcoin News · August 30, 2026
- Solana Cuts Future Supply by 18.9M SOL as Kraken’s Last-Minute Flip Tips VoteCrypto Times · August 29, 2026
- Crypto Market Roundup: Solana Upgrade, Oracle Breach, ETF Moves Shape August 30Finobird · August 30, 2026
- Solana Price Eyes $1,000 Rally As Whales Return With $8M SOL PurchaseTronWeekly · August 30, 2026
AI-generated from public news sources. Not financial advice.
