Solana Network Sees 68% Crash In 3 Years, What’s Going On?

The recent post from Solana's official X account, referencing the number '589', has sparked speculation about a potential integration or partnership with the XRP ecosystem, prompting reactions from community figures like Cobb who suggested that Ripple may have secured a significant deal with Solana.

State Street and Galaxy are set to launch a tokenized liquidity fund on the Solana blockchain in 2026, utilizing PYUSD as its currency. This initiative marks a significant step in the integration of traditional finance with cryptocurrency, reflecting growing institutional interest in blockchain technology.

Upbit, South Korea's largest cryptocurrency exchange, has shifted nearly all customer assets to cold storage following a significant hack that resulted in the theft of approximately $30 million from its Solana hot wallet. This move is part of the exchange's response to growing security concerns in the cryptocurrency market.

Solana's market structure is experiencing heightened stress as liquidity levels drop to cycle lows, leading to increased volatility and elevated leverage. Recent price movements have seen Solana fluctuating between $128 and $145, with analysts observing that these conditions often precede significant market turning points.

The Federal Reserve has approved a 0.25% rate cut amidst ongoing concerns regarding inflation and economic growth, which has implications for the cryptocurrency market, particularly Bitcoin, currently struggling to break the $100,000 barrier due to its 'fragile range' as highlighted by Glassnode data.

On December 10, 2025, Bitcoin, Ether, Solana, and XRP exchange-traded funds (ETFs) experienced significant inflows, marking an all-green day for these cryptocurrencies. This surge in investment reflects a growing confidence in the cryptocurrency market, with XRP notably receiving over $1 billion in institutional support, as highlighted by Ripple CEO Brad Garlinghouse.

Superstate has launched Direct Issuance Programs that enable SEC-registered public companies to raise capital on the Ethereum and Solana blockchains, allowing for stablecoin payments and instant issuance of tokenized shares. This initiative marks a significant step in integrating traditional finance with blockchain technology.

Superstate has launched Direct Stock Issuance Programs for SEC-registered public companies on the Ethereum and Solana blockchains, allowing these companies to raise capital through stablecoin payments and instant issuance of tokenized shares. This initiative aims to streamline the fundraising process for public companies in the cryptocurrency space.