Spot Solana ETFs in the United States recorded their largest daily net inflows in three months on August 10, drawing $8.8 million, according to data from Santiment (X post). The inflow marks the strongest capital movement into Solana investment products since May 12 and follows an extended period of relatively limited ETF activity. Spot Solana ETFs began trading in the U.S. in July 2025, making them a more recent addition to the crypto ETF landscape alongside the already established Bitcoin and Ethereum spot ETFs, which have collectively attracted tens of billions in assets under management since their respective launches.

ETF Demand Reflects Ecosystem Growth

Santiment noted that Solana's ecosystem has continued to expand even as SOL's price has remained largely stagnant near $75. The blockchain network is reaching new milestones across real-world assets (RWAs), tokenized equity volume, stablecoin supply, and perpetual futures activity, developments that have helped sustain investor interest. Solana's growing stablecoin supply and RWA activity place it among Layer 1 blockchains competing to capture institutional demand for tokenized financial products, a segment that has drawn increasing interest from traditional asset managers.

Infrastructure upgrades have further strengthened the network's outlook. The Alpenglow upgrade is targeting approximately 150-millisecond finality, a threshold that would bring Solana closer to the latency profile of conventional payment networks, while Agave 4.2 is moving toward mainnet adoption in August, Santiment reported.

Analyst Sees Path to $100–$120

Crypto market analyst Michael van de Poppe stated that SOL is holding a key support level and has formed a higher-low structure on the chart (X post). According to Van de Poppe, SOL has gained approximately 5% since testing the support zone, confirming the higher-low formation. He noted that following a deep correction on the SOL/BTC chart, upside has resumed (X post).

Van de Poppe identified $100 to $120 as near-term price targets and suggested that SOL's recent recovery against Bitcoin could signal stronger momentum ahead.

Whale Opens $38.42M Long Position

Crypto analyst Ted Pillows reported that a whale has opened a $38.42 million long position in SOL using 20x leverage, with a liquidation price of $61.09.

Network Processes Over 1 Billion Weekly Transactions

Solana's network fundamentals continue to strengthen. Over the past week, the network processed more than 1 billion transactions for the second consecutive week, representing a new all-time high in weekly transaction activity. The milestone underscores sustained growth in network usage and signals strong activity across the Solana ecosystem. Sustained transaction volume at this scale reflects the network's capacity to handle throughput levels that remain uncommon among competing Layer 1 blockchains.