Solana

US Oil (USOR), a new token on Solana, jumped more than 150% in 24 hours and briefly exceeded a $40 million market cap as traders latched onto a Venezuelan oil narrative. Despite claims of being an oil-backed on-chain reserve index tied to US interests, the project offers no verifiable proof of reserves or official links, and trades mainly on Solana DEXes. On-chain observers highlight concentrated holdings in a small cluster of wallets and suspicious trading patterns, warning that the structure could enable a potential rug pull.

On 20 January 2026, Bitcoin and Ethereum exchange-traded funds saw notable net outflows as prices slipped below key thresholds, while Solana ETFs continued to register modest inflows. Over the past week, Bitcoin dropped to around $89,000 and Ether fell below $3,000, whereas Solana traded near $127 despite also posting double‑digit percentage losses. At the same time, risk‑off sentiment tied to geopolitical and trade tensions coincided with rising demand for gold and silver as perceived safe‑haven assets.

Crypto trader DonAlt, known for forecasting XRP's 700% surge in 2024, now argues that Bitcoin remains trapped in a "dead zone" between $85,000 and $92,000 that acts as both resistance and a liquidity trap. He suggests that failure to regain the upper band could send BTC toward $60,000 and a bear market, while a bullish scenario would require strength above current levels and could eventually target $104,000 and $150,000.

On January 20, 2026, SOL Strategies Inc. launched STKESOL, a liquid staking token on Solana. The company said the LST had 545K SOL (~$70M) in TVL at announcement and is integrating with Orca, Squads, Kamino, and Loopscale. STKESOL uses the SPL Stake Pool Program and allocates stake across multiple validators.

On January 21, 2026, Solana Mobile began a 90-day airdrop of its native SKR token for Seeker smartphone owners and select early dApp developers. The fixed supply is 10 billion SKR with 30% allocated at launch, claims are made via the device wallet, and the company said more than 100,000 users are eligible.

By mid-January 2026, daily cryptocurrency payment-card transactions neared 60,000, marking a 22x rise from December 2024. The cards processed close to $4 million in spending each day, while cumulative activity surpassed 7.3 million transactions and $804 million in volume, supported by about 150,000 active users.

Solana Mobile opened claims for its SKR token to Seeker phone owners and active dApp participants, with eligible season 1 developers also included. The airdrop offers a 90-day claim window via the built-in wallet, draws on a 10 billion supply with 30% set for airdrops and launch unlocks, and features a linear inflation schedule starting at 10%.

Solana has fallen 9% over the last week and is trading around a key demand zone near $130 after four straight losing sessions. A rare Bollinger Band buy signal from mid-December and an ascending price channel suggest a possible recovery toward $150 and $170 if bullish momentum returns. Trading volume has dropped by about 25% in the past 24 hours, which may indicate fading selling pressure, while meme coin presale Maxi Doge has raised over $4.5 million as speculative interest persists.

On January 20, 2026, SOL Strategies launched STKESOL, a liquid staking token on Solana. Deposits reached 545K SOL (~$70M), and holders can earn staking rewards while keeping liquidity for use across DeFi, including collateral on Kamino and Loopscale. The firm also operates a validator and reports a larger share of staked SOL within its treasury.

On January 20, 2026, Solana’s staking ratio reached 70%, an all-time high, with about $60 billion of SOL now locked to secure the network. Digital asset funds saw $2.17 billion in net inflows last week, including $45.5 million into Solana products. At press time, SOL traded near $129, down 3.45% daily and 10% weekly.