Solana (SOL) price sword points to $110: Inflation relief vote passed, giant whale actively bought

Solana price forecast: Key signals appear intensively, and long-short games intensify

This week's trend of Solana (SOL) has confused many followers. Although the network has just passed a major governance vote and reached a technical milestone, SOL prices are still hovering around $103.50, down 2.68% in the past 24 hours.

This mixed situation is typical of the current cryptocurrency market. Macro news drags down prices, while fundamentals on the chain are pushing prices up.

The following will explain what happened, what signals the chart is revealing, and how it may evolve next.

Why did Solana (SOL) fall today?

Today's decline can be traced to remarks made by Federal Reserve Chairman Kevin Walsh at the 2026 Jackson Hole Symposium. Traders responded poorly, and selling pressure quickly spread throughout the market. Bitcoin, Ethereum and XRP all fell along with Solana.

This is a macro-level story, not a Solana-specific problem. When Fed officials signal caution about interest rate policy, risky assets tend to fall collectively. SOL's 2.68% daily decline fits this pattern and does not point to any weaknesses in the network itself.

What is Solana's "Double Anti-Inflation" vote (SGP-0002)?

While prices fell, Solana's governance process quietly achieved significant results. SGP-0002, the "dual anti-inflation" proposal, passed an equity-weighted vote with 67%.

The voting results are as follows:

voting results| Number of SOL| Proportion

in favor| 176.29 million SOL| 67.00%

Against| 66.19 million SOL| 25.16%

abstention| 20.63 million SOL| 7.84%

Total participation| 433.49 million SOL| accounting for 60.7% of the total pledged amount

Solana's rules require at least one-third of the network's pledged amount to participate in voting, and two-thirds of those participating in voting agree. The proposal narrowly passed both thresholds. The support rate is slightly higher than the 66.67% passed threshold.

It is worth noting that an SGP determines the direction, not the specific code. The actual technical work will fall in a separate document called SIMD-0550.

What does SIMD-0550 mean for SOL supply?

SIMD-0550 by Helius contributors Lostin and 0xIchigo. The proposal aims to double the annual rate of decline in Solana inflation from 15 percent to 30 percent. [TAG

This does not mean that inflation will halve overnight. Instead, it would reduce the existing rate of inflation, doubling it from its current level when the change takes effect.

The practical effect is to get closer to Solana's final inflation target of 1.5% faster. According to current plans, reaching this goal will take approximately 5.7 years. According to SIMD-0550, this time will be shortened to approximately 2.8 years.

The authors estimate that the proposal will reduce 18.9 million SOLs from projected circulation over six years. This is equivalent to approximately 2.6% of the expected supply under the current path. With other conditions unchanged, the reduction in new supply entering the market will help support prices in the long run.

How fast is Solana's slot time now?

It's not just supply that's changing. Solana's block production speed has also taken a step forward.

After the second decrement under SIMD-0525, the network's slot time dropped to 300 milliseconds for the first time. This means that the target slot time was cut by 25% from 400 milliseconds in just 8 days.

Two more downgrades are planned before reaching the final 200 msec goal. Faster slot times mean faster final confirmation of transactions, which is crucial for traders, DeFi apps, and anyone using Solana to make payments.

Is the Solana whale buying or selling now?

Online data shows that large companies are moving SOL out of exchanges this week, a pattern that is often interpreted as fundraising behavior.

A wallet withdrew 281,446 SOLs worth approximately US$29.68 million from Binance nine hours ago.

Another wallet withdrew 37,272 SOLs worth approximately $3.87 million from Kraken an hour earlier.

Exchange withdrawals do not guarantee future price movements, but they do reduce the amount of SOL that can be sold at any time on the market. Combined with stable ETF demand, this indicates that holders are positioning for the medium term rather than short-term speculation.

Spot Solana ETF currently holds 2.35% of SOL total liquid supply. This is a sizable share locked up in regulated investment products rather than on exchanges.

In contrast, on August 28, the XRP ETF received a net inflow of US$18.08 million, which was part of the nine-year-old market, pushing the total historical inflow to exceed US$1.34 billion. XRP funds have attracted $192.62 million in August, more than most other altcoin ETFs. Solana's ETF story is small in terms of daily traffic, but it is growing in terms of total supply, which is arguably a more important long-term indicator.

Solana Price Forecast: Key Levels to Focus on

On the SOL/USD daily chart, things have changed. Prices broke through the long-term downward channel with a strong upward trend and are currently above the 20, 50, 100 and 200-day index moving averages. This alignment often signals a real shift in momentum, not just a rebound.

Here is the current technology roadmap:

Immediate goal: $110-$115 (Form target after breakthrough)

Next resistance level: $118-$125 (Open if $110 breaks through and stands firm)

Expansion target: $135-$145 (Possible, provided that $118-$125 is effectively breached)

Healthy pullback range: $95-$100 (considering that the RSI is overbought, this is a normal cooling down)

Failure level: $90-$92 (a daily close below this will weaken the bullish pattern)

The RSI is currently around 73 and is in the overbought area. That doesn't mean a crash is imminent, but it does increase the likelihood of a pause or correction before the next rally. A correction in prices to the $95-$100 range before continuing to rise is not unusual and may even be beneficial to the healthy operation of the trend.

Some analysts also pointed out that the $107-$119 range is an important continuation area worthy of attention in the coming weeks.

There are no guarantees here. The cryptocurrency market is changing rapidly, and as Jackson Hole's comments suggest, no matter what the chart shows, macro news can quickly change market sentiment.