Solana

On Thursday, spot bitcoin ETFs posted net outflows of $100.82 million, while ether ETFs recorded a $32.58 million decline for a ninth straight session. In contrast, XRP ETFs brought in $8.88 million led by Canary's XRPC, and Solana ETFs added $3.86 million via Fidelity's FSOL. Trading value totaled $1.58 billion for bitcoin ETFs and $416.16 million for ether ETFs, with net assets ending at $101.06 billion and $12.21 billion, respectively.

Solana Floor warned on May 22, 2026 that scammers are impersonating Jupiter Exchange's Jupuary program by airdropping fake "$CJUP" tokens to Solana wallets and steering users to a wallet-draining phishing site. Jupiter has not announced any active distribution for May 2026, and users are advised to verify eligibility only through the official jup.ag airdrop checker and avoid interacting with unsolicited tokens.

AmericanFortress published a cryptography paper describing a patent-pending, post-quantum signature method for hierarchical deterministic (HD) wallets. The design keeps existing BIP32-Ed25519 public keys and replaces the Ed25519 signing step with a ZK-STARK proof, aiming to avoid chain switches or mandatory fund migration. The paper also reports current performance figures, including sub-10-second signing proofs, 18–19 ms verification, and a fixed 218.4 KB signature size.

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.

On May 21, Solana (SOL) attempted a rebound as large holders added about $9.7 million worth of SOL, with two new wallets receiving 88,004 SOL ($7.56 million) and 24,500 SOL ($2.11 million). SOL traded around $86.30 after a 1.85% 24-hour gain, while volume rose 38% to $43.66 billion. Analysts said a daily close above $87.21 could improve odds of a move toward $95.62, though SOL remained below its 50-day EMA and ADX was 16.52.

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.

Solmate Infrastructure (Nasdaq: SLMT) said Thursday that CEO Ron Sade and director Keren Maimon will buy 2,298,000 Class B ordinary shares at $4.97 each in a registered direct offering. The company expects about $11.4 million in gross proceeds, with the deal slated to close around May 27, 2026, subject to customary conditions. The price was described as a premium to recent trading levels that were around $4.67 or lower.

Solana (SOL) climbed to $98.41 last week but failed to break the $100 psychological barrier, keeping the broader bearish structure intact. A defined range from $76.7 to $97.6 places focus on the $87.2 mid-level, which was recently broken and then retested as resistance. On lower timeframes, the $88–$89 area stands out as a key volume cluster, with a move beyond $89 potentially shifting the short-term bias bullish.

Morgan Stanley filed an amended S-1 on May 20, 2026 for its proposed spot Solana ETF (MSOL), adding a staking feature and indicating the fund would hold SOL directly while reflecting staking income in NAV. Other Solana ETF products have also moved forward in May, while SOL traded from about $94 on May 15 to $85.68 after dipping to $84 by May 18, down 5.5% over seven days.

Hyperliquid has overtaken Solana on fully diluted valuation at $56 billion versus $50 billion, alongside a sharp divergence in token performance. HYPE traded at $58.60, up 20% in 24 hours, while SOL rose 2.20% over the same session. Separately, 7-day protocol fees also flipped at $12.6 million for Hyperliquid versus $11.8 million for Solana.