Solana
Why Solana is down 2.2% today
Analysis
Solana (SOL) fell 2.2% over the past 24 hours as risk sentiment was pressured by a report highlighting that Solana (along with Ethereum) accounted for significant crypto hack losses in H1 2026, which can weigh on confidence in the ecosystem. While Morgan Stanley’s launch of Solana-linked ETPs/ETFs is a constructive adoption signal, the market may have focused more on the security-loss headline in the near term.
Contributing Factors (3)
Ethereum, Solana led crypto hack losses in H1 2026: Blockaid
Blockaid found Ethereum remained the hardest-hit blockchain in H1 2026, while Solana replaced Arbitrum as the network with the second-highest losses, driven largely by key compromises.
Morgan Stanley to Launch Cheapest Ethereum and Solana ETFs
Morgan Stanley is expanding its ETF offering to launch the biggest yet cheapest Ethereum and Solana ETFs, according to Senior ETF Analyst Eric Balchunas.
Morgan Stanley debuts ether, solana exchange-traded products after bitcoin fund success
The asset manager is offering low-cost ETH and SOL exchange-traded products after its bitcoin fund topped $381 million in assets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.