Solana Price Prediction as SOL ETF and Staking Inflows Jump

Solana (CRYPTO: SOL) has rebounded this month, helped by the broader crypto market rally, rising ETF inflows, and a new governance proposal to cut future token issuance. The token is trading at $105, up sharply from its year-to-date low of $60, and has also formed a golden cross pattern.

Solana ETF Inflows Jump Amid Tokenomics Improvements

SOL rebounded and broke above the key resistance level of $97.58 as several catalysts aligned. One is that investors have kept buying SOL ETFs, which have posted inflows for ten consecutive days and pushed this month’s additions above $192 million. 

That is a sharp jump from the $14.6 million added last month, and marks the biggest monthly total this year. Most notably, the Bitwise Solana Staking ETF (NYSE:BOL) passed the $1 billion milestone. In total, all Solana ETFs are now slowly approaching the $1.5 billion assets level.

Another catalyst is that Solana’s tokenomics are set to improve after the validators voted to double the network’s annual disinflation rate. This means that the network will increase the annual disinflation rate from 15% to 30%, while leaving the long-term inflation target of 1.5% unchanged. The vote means that 18.9 million fewer SOL tokens will be issued in the next six years.