Solana’s native token SOL rose more than 23% over the past week, with much of the gain occurring in the previous 24 hours, and recently crossed $100 for the first time since February. It now trades at $107, according to CoinGecko. The rally coincided with record trading activity in Solana exchange-traded funds, whose cumulative inflows reached $1.2 billion on Tuesday, including nearly $34 million on Monday, the largest single-day inflow so far this year and the fifth consecutive day of inflows. Solana’s stablecoin value also approached $16 billion on Thursday, increasing dollar-backed liquidity on the network. The move came during a broader crypto rebound after the Treasury Department announced bond buybacks that investors interpreted as a potential channel for more cash into financial markets. Solana has outperformed many altcoins, although Bitcoin remains strong: U.S. spot Bitcoin ETFs attracted more than $232 million in net inflows on Thursday and posted $8 billion in daily trading volume. Network activity has also grown, with Solana decentralized exchanges processing nearly $56 billion over the past 30 days and more than $10 billion so far this week. Memecoin trading, supported by low transaction costs and the Pump.fun token-launch platform, contributed to the activity, but such volume can quickly fade and does not necessarily indicate lasting demand.