Polymarket was targeted on May 22 in an incident tied to its rewards payout system, with more than $700K in USDC and POL reportedly drained. The compromise appears linked to a private key, while the team said user funds and market resolution were not affected as it rotates backend keys and continues investigating.

DoubleZero (2Z) led altcoin gains in the past 24 hours, up more than 21% at press time after breaking above a long-held demand zone. The move came alongside a 264% jump in trading volume to over $28 million, while max supply slipped from 10 billion 2Z to 9.998 billion and holders climbed to 6.79K. On charts, bulls pushed above the $0.10–$0.12 area, with $0.15 cited as the next level if $0.10 holds.

Jito (JTO) rose more than 30% in a single day after quarterly figures highlighted higher staking activity, more validators, and a supply burn. The update cited 418 million SOL in cumulative Jito-enabled staked tokens, 119 million SOL staked on the Jito Network, and 9.7 million JTO burned in Q1, while daily volume jumped 605% to $168 million. Technically, JTO retested $0.35 as support after reaching $0.70, with bulls still defending the level.

Chainlink's CCIP saw record network activity after several LayerZero-based protocols moved over following the KelpDAO exploit, while LINK rebounded from the $9 area. Daily Active Addresses reached 80.43K during KelpDAO's transition week, and more than 500K LINK were added to reserves via fee-driven market buys, though overhead supply still capped upside.

XDC Network (XDC) rose more than 14% over the past 24 hours at press time, flipping its weekly performance into a 9% gain. The move followed a strategic partnership with Animoca Brands and a pickup in network metrics, while charts showed a breakout on higher timeframes but hesitation near $0.037 on lower ones.

Polygon’s non-P2P stablecoin transfer volume climbed about 66.7% over the past four months, with April monthly volume reaching $24 billion. Despite the increase in on-chain activity and liquidity, POL has stayed above $0.08 and was trading near a potential bottom around $0.0835 after breaking below $0.17 support in 2025.

PEPE and Shiba Inu recorded modest holder growth over a two-week period, with PEPE adding more than 1,500 new addresses and SHIB rising from 1.583 million to 1.585 million holders. Both tokens were described as trading back toward prior breakout zones, with PEPE near $0.00000371 while a drop toward $0.00000300 was also outlined. SHIB’s selling pressure, measured by CVD, was said to fall from 437 billion SHIB to 37 billion tokens as it approached a slanting resistance.

Dogecoin (DOGE) is showing early reversal signals after a prolonged downtrend that began in September last year, alongside rising capital inflows. A newly created wallet opened a 20 million DOGE 10x-leverage position worth more than $2.25 million, while spot DOGE ETFs recorded over $1.30 million of net inflows in May. Technically, DOGE has moved above the 20-, 50-, and 100-day EMAs and is approaching the 200-day EMA near $0.125.

THORChain (RUNE) was exploited on May 15, with losses exceeding $10 million across Bitcoin, Ethereum, BNB Smart Chain, and Base. More than 36.75 BTC (over $3 million) and $3.54 million in ETH were reported lost, while the attacker reportedly consolidated assets by swapping tokens into ETH and sending them to one wallet. After the incident, the protocol paused trading via an emergency halt, and RUNE fell over 15%, with market cap dropping by more than $27 million to around $182 million.