Solana

Solana DeFi aggregator Step Finance, along with SolanaFloor and Remora Markets, is shutting down after a $27 million hack of its treasury wallets at the end of January. The team said it could not find a viable path forward and will halt operations immediately, while planning a buyback for STEP token holders and redemptions for Remora rToken holders.

By the 23rd of February, Solana’s real-world asset value had climbed to around $1.7 billion, with growth driven mainly by tokenized treasuries and yield-focused products. Institutional demand for 3–4% APYs, cross-chain liquidity moving from Ethereum, and expanding private credit exposure all contributed to Solana’s rising share of the $25.07 billion RWA sector. The resulting capital buildup also deepened on-chain liquidity and supported broader ecosystem activity such as memecoins.

Solana's price has retreated into the high-$70 range after failing to hold above $95 earlier in the year, according to CoinMarketCap. Derivatives indicators show open interest down about 2% to roughly $5.09 billion, funding rates turning negative, and a long-to-short ratio below 1, with traders focused on support at $75–$67 and resistance near $82–$83.

Grayscale increased Cardano allocation in its Smart Contract Fund to 20.34% after successive rebalances from ~18.5% in January 2026. Solana stands at 28.69%, leaving a little over an 8% gap versus ADA. As of February 23, 2026, ADA trades around $0.268–$0.272.

According to the latest CoinShares data, crypto investment products posted $288 million in weekly outflows, marking a fifth consecutive week of redemptions and bringing total withdrawals to $4 billion. Bitcoin led the decline with $215 million in outflows, while Ethereum and Tron also saw institutional selling. In contrast, XRP and Solana attracted modest inflows of $3.5 million and $3.3 million respectively, with Chainlink adding $1.2 million, even as overall market sentiment remained bearish.

Solana's SOL has dropped nearly 40% over the past month, briefly hitting about $77 before rebounding above $80. Analysts including Ali Martinez and Sjuul warn that resistance near $110 and a January 2022 sell signal raise downside risks, with key support at $76 and potential paths toward $53, $35, $23 or even around $4.

The crypto market slid over the past 24 hours, with total value near $2,26 trillion, down about 2,9%. Bitcoin traded around $65 761 (-3,26% 24h; -4,18% weekly) on $34,7 billion volume, while Ethereum hovered near $1 883 (-4,67% 24h). Indicators show Fear & Greed at 14 and the Altcoin Season Index at 31/100.

Solana's price extended losses after failing to hold above $92, slipping under $80 and below the 100-hour simple moving average. Resistance sits near $80–$82, with a pivotal barrier at $83.10, while supports appear at $77 and $75. A break under $75 could target $70, and a close below $70 may open $62.

Ali Martinez said the monthly SuperTrend for SOL flipped to a sell signal, noting the last instance in 2022 preceded a 95% drawdown. Glassnode showed about 20% of addresses in profit in February as SOL slipped below $100, while the Hodler net position change turned positive in January but slowed over the past three weeks. AMBCrypto added that Solana's RWA value recently reached $1.66 billion.

In the final week of February, Bitcoin ETFs recorded $315.9 million in outflows, with $303.5 million leaving BlackRock's IBIT, while Grayscale's BTC Mini ETF drew $36 million in fresh capital. Over the same period, Ethereum ETFs swung from a $48.6 million inflow to a $130.1 million outflow, but Solana products attracted consistent inflows, peaking at $6 million on 19 February. A new Active Crypto ETF plan from T. Rowe Price, announced on 17 February, highlighted growing institutional interest in a broader basket of digital assets.