Solana (SOL) Price: SOL Is Up 50% in August - Here’s What’s Driving the Rally

TLDR

• Solana is trading above $100, up over 24% in the past week and 43% in the past month
• DeFi Development Corp (DFDV) bought 19,000 SOL at an average price of $98.14
• DFDV now holds over 2.3 million SOL as a long-term treasury asset
• A whale purchased roughly $13.2 million worth of SOL in the past week
• Analysts are watching $120–$130 as the next key resistance zone, with $150 as a broader target

Solana (SOL) has climbed back above the $100 mark after months of weaker price action. The move has caught the attention of institutional buyers and large investors alike.

SOL is trading around $101–$103 according to recent data from Brave New Coin. The coin is up over 24% in the past week and 43% over the past month, making August its strongest month since 2024.

DeFi Development Corp (DFDV), one of the largest Solana treasury firms, confirmed it has resumed buying. The company purchased 19,000 SOL at an average price of $98.14, partially funded through proceeds from the sale of its ZeroStack position.

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