{
  "id": 3808452,
  "title": "Bitcoin is having a great month—but Solana is doing even better as coin soars above $100",
  "url": "https://urgent.news/2026/08/27/bitcoin-is-having-a-great-month-but-solana-is-doing-even-better-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T18:49:10.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/27/bitcoin-great-month-solana-soars-above-100/"
  },
  "original_language": "en",
  "account": "Bitcoin has ascended above $80,000, yet Solana is capturing the attention of investors. The Solana token (SOL) surged more than 23% over the past week, with a significant portion of that growth occurring in the last 24 hours. The cryptocurrency recently breached the $100 mark for the first time since February and is currently priced at $107, as per crypto analytics platform CoinGecko. Solana's price rise aligns with record-breaking trading volumes in Solana exchange-traded funds (ETFs). On Tuesday, Solana ETFs saw cumulative inflows of a record $1.2 billion, with nearly $34 million pouring in on Monday alone, marking the largest single-day inflow so far this year. This followed five consecutive days of inflows. The total stablecoin value on Solana reached nearly $16 billion on Thursday, according to DefiLlama, providing investors with increased readily available dollar-backed liquidity on the network. These gains have unfolded amid a more favorable period for crypto markets. Last week, the Treasury Department announced bond buybacks, interpreted by investors as a sign that more cash could circulate through financial markets. This shift marked a sharp turnaround from the crypto downturn that commenced last October. Bitcoin led the market's rebound, but Solana has outpaced many other altcoins, which are tokens other than Bitcoin. Analyst Michael van de Poppe noted that \"SOL is moving upwards here, but as you can see, the bear market lasted for a year and we've not even gained 20% of that back. Great period upon us.\" Alongside its price, Solana has benefited from indications of rising network activity. Bitcoin's allure primarily stems from its fixed supply and store-of-value narrative, while Solana's case hinges more on its potential to facilitate fast, low-cost transactions and other decentralized finance applications. DefiLlama data shows that Solana's decentralized exchanges processed nearly $56 billion in trades over the past 30 days and have handled more than $10 billion so far this week. Some of this activity was driven by memecoin trading, which has surged sharply in recent weeks. Solana's low transaction costs and Pump.fun, a popular token-launch platform, have made it a favored venue for traders to swiftly buy and sell highly speculative tokens. However, the volume can just as quickly diminish and does not necessarily indicate enduring demand. Yet, the numbers do not suggest that investors are shifting en masse from Bitcoin to Solana. U.S. spot Bitcoin ETFs recorded net inflows of over $232 million on Thursday and a daily trading volume of $8 billion, according to crypto analytics platform CoinGlass.",
  "summary": "Investors have found fresh reasons to buy Solana beyond Bitcoin’s comeback.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}