Solana
Why Solana is down 1.1% in the last hour
Analysis
Solana (SOL) slipped 1.1% over the past hour as sentiment was pressured by a security-focused headline noting that Ethereum and Solana accounted for a large share of crypto hack losses in H1 2026, which can weigh on near-term risk appetite for the ecosystem. While Morgan Stanley’s launch of Ethereum and Solana ETPs/ETFs is a supportive longer-term adoption signal, the immediate move appears dominated by the negative security narrative rather than the product-news tailwind.
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.