Solana surged more than 10% to a seven-month high above $110, with increased institutional and retail demand cited as the main driver. SOL also gained 9% over the week in October, leading large-cap altcoins, breaking key resistance levels, and showing stronger relative demand against Ethereum and Bitcoin. Unconfirmed reports put the intraday high at $112.28, while derivatives open interest rose 18%, indicating new leveraged positions. CoinGecko showed SOL at $110.34 at the time of the research fetch, with a market capitalization of roughly $64.8 billion and 24-hour trading volume near $3.07 billion. CoinGlass displayed $6,702,158,823 in total SOL open interest, $7.2 billion in 24-hour futures volume and an 8.58% seven-day gain. Bitwise’s BSOL exchange-traded product surpassed $1.1 billion in net assets, reporting $1,145,113,559 as of September 17, 2026, with 10,091,676.79 SOL held in trust and valued at $1,145,227,702.67. The product launched on NYSE Arca on October 23, 2025, and is structured as a U.S. ETP rather than a registered investment company under the Investment Company Act of 1940. The move followed earlier market FUD and declining trading volume in 2026, while Solana’s tokenized stock daily volume had reached a record $553 million. No direct causal link has been established between BSOL inflows and the September price move, and the reported $112.28 high and 18% open-interest jump should be treated as unverified until independently substantiated.