The price of the Solana blockchain token ($SOL ) has increased by more than 20% over the month, mirroring the delayed rise of Ethereum (ETH), which briefly surpassed its all-time high last summer. The strengthening of SOL is accompanied by the same fundamental factors that previously supported the prices of Bitcoin and Ether.
As of September 8, SOL is trading at $216 and is ranked sixth in the CoinMarketCap list with a market capitalization of over $117 billion. Since April, when the price of SOL briefly fell below $100, its value has more than doubled. The all-time high for the Solana token was recorded in early 2025 at $295.
Additional support for the asset comes from expectations of the launch of spot exchange-traded funds (ETFs) based on Solana, similar to those already operating with Bitcoin and Ethereum. There is also a growing interest in the market from public companies forming crypto reserves focused on SOL.
