Solana

On March 17, 2026, the SEC and the CFTC jointly issued a 68-page interpretive document saying Bitcoin, Ethereum, Solana, XRP and 12 other major tokens are digital commodities rather than securities. The document also states that four main staking models and no-consideration airdrops are no longer treated as securities transactions, shifting primary oversight for the covered assets to the CFTC.

A market report says XRP is being supported by strong retail demand and expanding utility, even as institutional flows remain comparatively cautious. Weekly ETF data showed $95 million in net inflows for spot Bitcoin ETFs and $20 million for Solana ETFs, while Ethereum saw $60 million in outflows and XRP ETFs recorded $0.6 million in positive flows. On-chain, the XRP Ledger set a milestone with 5.66 million wallets holding under 100 XRP.

On March 22, 2026, SOL was trading around $89, with the article noting it remained below the 100-day moving average despite holding near key technical levels. It also highlighted network activity and adoption signals, including Solana tokenized real-world assets topping $1.7B in March 2026 and a reported $900 million+ in 2026 net inflows into Solana-based spot ETFs. On the infrastructure side, the Alpenglow upgrade targets 100–150ms finality, while Firedancer is said to run on 20%+ of validators and exceed 1M TPS in tests.

On 22 March 2026, social and search activity highlighted Quant (QNT), Bittensor (TAO), Litecoin (LTC) and Solana (SOL) as the week's most-discussed altcoins. QNT traded at $76.19 (+13.78% weekly) after Robinhood enabled spot trading, while TAO hovered around $278-$281 after Nvidia CEO Jensen Huang mentioned Bittensor. LTC sat near multi-year lows at $54.73, and SOL traded at $88.20 amid weakening momentum and renewed debate tied to comments from Solana Foundation president Lily Liu.

Solana is consolidating just below the $92–$95 resistance area, with analysts watching for a decisive break above $95 that could open a move toward $100–$105. A separate technical read points to weakening RSI on the USDT pair and warns that a breakdown could drag price toward $78–$75, with additional downside targets cited at $77 and $67. The setup also references a March 18 SEC classification of SOL as a digital commodity, though momentum indicators are described as fading.

Bitcoin and Ethereum ETFs recorded fresh net outflows in the March 18–20 sessions even as BTC hovered around $70,000 and broader prices stayed relatively steady. On March 20, spot BTC ETFs saw a $52 million outflow and ETH ETF products posted a $42 million decline, while XRP was the outlier with a nearly $2 million inflow.

Solana (SOL) moved back above $90 as a mini golden cross appeared on its chart, extending its seven-day gain to 3.71%. The token was last quoted at $90.76, up 0.47% over 24 hours, while trading volume fell 27.33% to $2.57 billion. TVL also edged higher to $6.903 billion and RWA tokenization on Solana topped $1.8 billion.

Solana's tokenized real-world asset market has reached $1.82 billion, but SOL showed little movement. As of March 21, 2026 (09:02 UTC), SOL was priced at $89.96 (–0.04% weekly). The report also points to resistance near $95–$100 as a key level that could influence the next move.

Wintermute CEO Evgeny Gaevoy argues that neither Ethereum nor Solana has built a durable competitive moat, despite Ethereum's $56 billion DeFi TVL versus Solana's $6.8 billion out of a $95.3 billion market total. He points to Hyperliquid's rise as evidence that newer venues can quickly capture activity, with Hyperliquid holding 45% of generated fee revenue while TRON has 20%, Solana 13%, BNB Chain 10%, and Ethereum 7%.

Bitcoin hovered around $69,800 as a record $7.1 trillion notional options expiry hit markets, with roughly $5 trillion tied to the S&P 500 and $880 billion to single stocks. Crypto sentiment was weak heading into Friday, with the Fear and Greed Index at 30 after a recent low of 23. The week’s event risk also includes $13.5 billion in crypto derivatives expiring on Deribit on March 27 and recent spot Bitcoin ETF outflows led by IBIT and FBTC.