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Points of Focus
- SOL trades near $75.87, above its 20- and 50-day averages but below the 100-day near $79.
- Solana ETFs drew $10.26M on Aug. 10–14, their strongest weekly inflow since May 22.
- Two funds drove all weekly ETF inflows, while derivatives activity still far outpaces spot trading.
Solana (SOL) is testing the $76 level as its strongest ETF inflows since May meet a key technical hurdle. SOL traded near $75.87 on Tuesday, up about 0.8% over 24 hours but nearly flat for the week. The question now is whether renewed fund demand can help SOL break the resistance that has capped its August recovery.
Solana ETF inflows strengthen the $76 demand case
Solana spot ETFs recorded $10.26 million in net inflows from Aug. 10 to Aug. 14, according to SoSoValue data, their strongest weekly intake since May 22. Bitwise’s BSOL led with $8.83 million, while Morgan Stanley’s MSOL added $1.43 million.
Farside Investors tracks a narrower six-fund group and reported $8.8 million over the same period, all of it entering BSOL on Aug. 10. The other five funds in its dataset recorded zero net flows.
The inflows improve SOL’s demand picture near $76, but concentrated buying limits the signal. CoinGlass data showed about $4.29 billion in 24-hour futures volume versus $267 million in spot volume, with open interest near $5.03 billion, keeping short-term activity heavily derivatives-driven.
Whale buying adds to SOL’s $76 setup
Lookonchain reported on Aug. 18 that wallet GvHYQQ bought 47,535 SOL worth about $3.6 million after more than two years of inactivity. The wallet previously bought 291,790 SOL at an average $23.37 and later sold 191,789 SOL at an average $128.36, realizing more than $20 million in profit.
Smart #Solana whale (GvHYQQ) bought another 47,535 $SOL($3.6M) after over 2 years of inactivity.
The whale perfectly bought the dip in August and October 2023, buying 291,790 $SOL ($6.82M) at an average price of just $23.37.
Then $SOL started to skyrocket.
As $SOL surged, the… pic.twitter.com/XB7H91RYUw
— Lookonchain (@lookonchain) August 18, 2026
A single wallet can’t establish a market-wide accumulation trend, but the purchase shows a previously profitable SOL trader buying again near current levels.
Solana also shipped Agave 4.2 in August. The release includes a 90% rent reduction, a transaction-size increase from 1,232 to 4,096 bytes, and a staged cut in slot times from 400ms toward 200ms. All three upgrades are still pending feature activation.
SOL price needs to clear $79 to confirm the setup
SOL’s 20-day moving average stands at $74.88, while its 50-day average is $74.46, according to Barchart, putting the current price above both short-term trend levels. The 100-day average at $79.04 remains overhead, while the 14-day Relative Strength Index near 51.7 points to neutral momentum with a slight bullish tilt.
For buyers near $76, the setup looks more like an early accumulation phase than a confirmed breakout. ETF inflows and whale buying support the demand side, while Agave 4.2 adds a separate network catalyst. SOL still needs to reclaim the $79.04 100-day average to strengthen the bullish case.
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