{"id":6171,"date":"2026-08-28T08:38:14","date_gmt":"2026-08-28T08:38:14","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=6171"},"modified":"2026-08-28T08:38:14","modified_gmt":"2026-08-28T08:38:14","slug":"bitcoin-is-having-a-great-month-but-solana-is-doing-even-better-as-coin-soars-above-100","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=6171","title":{"rendered":"Bitcoin is having a great month\u2014but Solana is doing even better as coin soars above $100"},"content":{"rendered":"
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Solana\u2019s price surge coincided with record-breaking trading volume in Solana exchange-traded funds. On Tuesday, Solana reported that its ETF cumulative inflows hit a record $1.2 billion, with nearly $34 million coming in on Monday alone. It marked the biggest single day so far this year, capping five straight days of inflows.\u00a0<\/p>\n

Read more A consultant who once railed against \u2018the billionaire boys club\u2019 is now leading opposition to California\u2019s wealth tax<\/a><\/p>\n

The total stablecoin value on Solana approached $16 billion on Thursday, according to data aggregator DefiLlama, giving investors more readily available dollar-backed liquidity on the network.<\/p>\n

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These gains have come during a more favorable stretch for crypto markets. Last week, the Treasury Department announced a series of bond buybacks, which investors interpreted as a sign that more cash could circulate through financial markets. The rebound marked a sharp reversal from the crypto downturn that began last October. When investors anticipate more liquidity, they tend to take on more risk by investing in speculative assets like crypto.\u00a0<\/p>\n

Bitcoin rose first and lifted the broader market, but Solana has outperformed many other altcoins, a catchall term for tokens other than Bitcoin.<\/p>\n

\u201c$SOL is moving upwards here, but as you can see, the bear market lasted for a year and we\u2019ve not even gained 20% of that back. Great period upon us,\u201d wrote crypto analyst Michael van de Poppe.\u00a0<\/p>\n

Read more In border states, even Trump\u2019s own party wants the Canada fight to be over<\/a><\/p>\n

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Alongside its price, Solana has benefited from signs of growing network activity. Bitcoin\u2019s appeal rests largely on its fixed supply and store-of-value narrative, while Solana\u2019s case depends more on its ability to support fast, low-cost trading and other decentralized finance applications. According to DefiLlama, Solana\u2019s decentralized exchanges handled nearly $56 billion in trades over the past 30 days and have processed more than $10 billion so far this week.<\/p>\n

Some of that activity came from memecoin trading, which has increased sharply in recent weeks. Solana\u2019s low transaction costs and Pump.fun, a popular token-launch platform, have made it a popular venue for traders to quickly buy and sell such highly speculative tokens. But the volume can disappear as fast as it arrives and does not necessarily signal lasting demand.<\/p>\n

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Still, the numbers do not show that investors are broadly abandoning Bitcoin for Solana. U.S. spot Bitcoin ETFs drew more than $232 million in net inflows on Thursday and recorded daily trading volume of $8 billion, according to crypto analytics platform CoinGlass.<\/p>\n

Read more Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge\u2014here\u2019s how to protect your money<\/a><\/p>\n

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Investors have found fresh reasons to buy Solana beyond Bitcoin\u2019s comeback.<\/p>\n","protected":false},"author":1,"featured_media":6170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[363],"tags":[],"class_list":["post-6171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"\nBitcoin is having a great month\u2014but Solana is doing even better as coin soars above $100 - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=6171\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin is having a great month\u2014but Solana is doing even better as coin soars above $100 - 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