Solana Tests $110 As ETF Inflows And A Schwab Listing Fuel The Rally

Solana pushed to a 24-hour high of $110.17 today before sellers stepped in, pulling the token back to around $105. That $110 zone has acted as a lid on the price more than once this month. Today's rejection was sharp enough to leave SOL down roughly 3 percent on the day. The longer-term trend, though, stays firmly upward.

Zoom out and the picture looks very different from a single red day. SOL is up close to 14 percent over the past week. It is up about 43 percent over the past 30 days, one of the stronger monthly runs among major tokens right now. Two separate developments explain a good part of why.

ETF Demand And A Schwab Listing

Spot Solana ETFs have been pulling in real money. Bitwise's Solana Staking ETF has been trading at record daily volume as inflows build. That is part of a broader wave of demand into Solana investment products this month, not an isolated spike in a single fund.

Separately, Charles Schwab has reportedly begun offering Solana to its clients. That adds a major traditional brokerage to the list of places investors can get exposure to the token, alongside the existing crypto-native exchanges.

Neither development guarantees the rally continues. But both point to real demand from outside the usual crypto-native trading crowd. That is a different kind of buying pressure than a purely speculative run, and it tends to be stickier.

ETF inflows in particular have become one of the more reliable signals to watch across crypto this year. Bitcoin and Ethereum's own spot funds have both posted multi-day inflow streaks in recent weeks. Solana's products are now showing a similar pattern of sustained demand, not just a one-off spike.

A Network Change Landed Too

Solana's own governance process approved three measures this cycle, grouped under Epoch 1023. A new network constitution passed. So did a doubled disinflation rate, which slows how fast new SOL enters circulation. Validators also approved a rule that burns 100 percent of resource fees, while keeping a baseline fee for themselves.

Together, those changes point toward a tighter long-term supply schedule. That kind of structural shift tends to matter more over months than in a single day's move. It is a real, on-chain fact, not a forecast.

Where SOL Stands Right Now

As of this writing, SOL trades near $104.96, down about 3 percent on the day. The 24-hour range runs from $103.25 to $110.17. Its market cap sits at roughly $61.3 billion.

That is still a long way from its all-time high of $293.31, set in January 2025. The current price sits at only about 36 percent of that peak. It is a reminder of how far SOL has come back, and how much room is left if the rally keeps going.

The $110 level is the one to watch next. A clean break above it would put SOL in territory it hasn't traded at in some time. Another rejection would suggest the token needs to digest this month's gains before trying again.

Either way, this rally has more behind it than most short-term price swings get. ETF demand, a new brokerage listing, and a real supply-side network change do not usually line up in the same month.