Solana (SOL) drew $60.91 million into US spot crypto ETFs on August 27, marking nearly seven times the previous session's volume and the third-largest single day since these funds launched. It was the strongest reading since November 3, 2025. Cumulative net inflows grew 4.83% in one session between August 26 and August 27, lifting the running total to $1.322 billion according to SoSoValue data, while traded value more than doubled to $196.82 million. Bitwise’s BSOL supplied about 66% of the total.
Access to Solana has continued to widen. Morgan Stanley listed its MSOL trust in July, Grayscale added staking distributions in August, and Charles Schwab stated on August 27 that it planned to add SOL to its crypto accounts.
Despite the strong inflows, historical precedent suggests caution. The only two days that surpassed this inflow volume both occurred just before significant market downturns. SOL took in $69.45 million on October 28, 2025, before falling 20.1% within seven days, and brought in $70.05 million on November 3, 2025, prior to a 21.1% drop over the following fortnight.
However, proponents note that current fundamentals differ from those past episodes. Tokenized real-world assets reached an all-time high of $4.167 billion on August 25, with holders up 12.12% over 30 days. Network fees rose 37.29% compared to the prior month, DeFi deposits climbed 24.36% to $5.96 billion, and Solana’s share of decentralized exchange volume reached 31.16%, surpassing its 27.65% average. Network capacity has also expanded, with the maximum block size increasing by 66% in July.
At the same time, certain metrics show mixed signals. Stablecoin supply rose by just 0.59% over a 30-day period while SOL gained 46.3%, and weekly active addresses fell 7.23% despite a 3.31% increase in transactions. Open interest jumped 62.19% in dollar terms but only 10.34% in SOL units, and Binance’s taker buy-sell ratio rested below neutral at 0.907.
SOL trades near $107 following a 49.35% climb since August 16. Technical analysis points to support levels at $105.98 and $101.77, with a drop below $94.95 invalidating the bullish thesis. On the upside, SOL faces resistance near $109.39, with potential targets at $112.80, $123.83, and $141.68.
