Solana token hits 8-month high, surpassing $109 against Bitcoin

Solana crossed $109 on August 27, 2026, touching intraday highs between $109.31 and $109.64. That puts SOL at its strongest price point since late January 2026, a stretch of roughly eight months during which the token spent considerable time in Bitcoin’s shadow. The timing matters. Bitcoin was testing levels near $80,000 during the same window, which would ordinarily pull capital toward the market’s anchor asset. Instead, traders rotated the other direction. SOL versus BTC: the scoreboard The SOL/BTC trading pair climbed approximately 45% over the 30 days leading up to the August 27 print. Solana’s current market cap sits at roughly $60 billion. The token’s record peak of around $293, set in January 2025, remains a distant benchmark, giving traders a wide corridor to work with before anyone starts talking about price discovery. Short sellers felt the squeeze acutely. On the day of the surge, short liquidations in SOL exceeded $16 million, meaning traders betting against the token got caught and forced to buy their positions back, which in turn added more upward pressure. The network is doing real work Solana recorded more than 4.2 billion transactions in a single week during this p...