Solana Is Having Its Best Month Since 2024—With a Historic Governance Vote on Deck

In brief

• Solana (SOL) is up more than 8% in the past 24 hours and roughly 44% this month, its strongest month since 2024, pushing the token back above $105.
• The rally lands the same day the Solana network closes its first-ever binding governance vote, deciding whether to double the network's disinflation rate and burn far more SOL per day.
• Nasdaq-listed Solana Company backs the new governance framework itself but is voting against both economic changes, citing timing rather than disagreement with the goals.

Solana is up. A lot. SOL climbed more than 8% in the past 24 hours and is closing in on its best month since 2024, up roughly 44% since August began and back above $105 for the first time since January.

The rally lands on the same day network validators close out a major vote in Solana's history, to decide whether the network prints less SOL and burns a lot more of it.

Coincidence? Not really. Traders appear to have spent the week pricing in a supply squeeze before it's even official.

Voting wraps around 15:30 UTC today, when epoch 1023 ends—an epoch being roughly a two-to-three-day stretch of network activity Solana uses as its internal clock. The vote bundles three proposals under Solana Governance Proposals, or SGPs, a brand-new on-chain system that lets validators and the people who delegate SOL to them cast binding, stake-weighted votes for the first time ever.