Solana records first green monthly candle in 11 months as SOL surges 46%

Solana just did something it hasn’t done since September 2025: close a month in the green. SOL surged roughly 46% in August, ending near $103 after enduring ten straight months of red candles that dragged the token from its all-time high to cycle lows. The rally peaked at around $110.38, a level SOL hadn’t touched since January 2026. The long road down, and back up SOL hit its all-time high of approximately $294 in January 2025. From October 2025 through July 2026, every single monthly candle closed red. Ten in a row. The token eventually bottomed out around $60, shedding roughly 75% of its peak value. August’s close near $103 represents a roughly 70% recovery from those cycle lows. The gap between $103 and $294 is still enormous, roughly a 185% climb. ETF inflows and institutional appetite Cumulative inflows into Solana exchange-traded funds reached $1.34 billion, providing a significant source of buying pressure throughout the recovery. The standout performer was Bitwise’s BSOL ETF, which crossed $1 billion in assets under management during August. A previously dormant whale wallet accumulated approximately 76,856 SOL from Hyperliquid, a position worth roughly $8 million at Augus...