Solana

Over the past week, Bitcoin moved toward $78K while Ethereum weakened, according to AMBCrypto. Select altcoins diverged: Hyperliquid rallied from the low $20s to test $32-$34, Canton advanced about 29%, and Stable spiked to $0.026 before easing to $0.023. Meanwhile, Solana fell ~15% and WLFI dropped ~26%.

Step Finance has disclosed that its treasury and fee wallets were compromised, leading to the unstaking and transfer of 261,854 SOL tokens valued at about $30 million. The protocol says it has begun an investigation, alerted authorities, and engaged cybersecurity firms, while stressing that user funds were not impacted. Following the incident, the STEP token price plunged sharply and Solana’s market performance weakened over the past day and week.

The crypto market has fallen to about $2.6 trillion in value after a sharp weekend sell-off, with Bitcoin losing support above $78,000 and traders eyeing $75,000 as the next key level. More than $2.58 billion in leveraged positions were liquidated in 24 hours, deepening losses across major altcoins including Ethereum, Solana, and BNB. Market sentiment has turned extremely fearful as indicators show many coins in oversold territory, while weak demand from large investors is failing to offset the forced selling.

Solana's price has retreated toward the $100 support area after repeated failures to overcome the $150 supply zone, with its weekly chart showing a confirmed bearish break since April 2025. Despite reports of rising on-chain activity and long-term targets ranging from $1,000 to $3,200, technical indicators such as an oversold RSI near 22 and multi-month lows on OBV point to further downside, with key levels at $95, $78, $64, and $47.9 in focus.

On 1 February 2026, Solana traded near $105 after a momentum-driven pullback, while Stellar hovered around long-term support at $0.18. At the same time, Zero Knowledge Proof is running a 450-day presale auction across 17 stages, backed by $100M in prior investment and an anticipated $1.7B raise. The contrast highlights how short-term volatility in SOL and XLM differs from ZKP’s focus on token allocation structure and infrastructure-led growth.

Over the last 24 hours, the digital asset market’s total value fell to $2.65 trillion, a $200 billion decline from $2.85 trillion, according to CoinMarketCap. Bitcoin slid more than 6% toward the mid-$78,000s, while Ethereum and Solana lost over 10% and 11%, amid macro jitters and a liquidity-driven unwind flagged by The Kobeissi Letter on January 31.

On January 31, 2026, Step Finance said several treasury and fee wallets were compromised during APAC hours, with about 261,854 SOL valued near $30 million stolen. CertiK noted the stake authorization had been transferred before withdrawal, and the STEP token fell over 90% within 24 hours as the team stated user funds were not impacted.

Solana’s SOL token dropped to $100.30, its lowest level since April 2025, after a 30-day drawdown that aligned with broader altcoin weakness and macro risk-off moves in tech, AI and commodities. At the same time, Solana’s onchain activity and fee revenue have sharply outperformed rival networks, suggesting a widening gap between fundamentals and price. Derivatives data, ETF outflows and pressure on public firms holding SOL show traders have reduced leverage, leaving the token’s recovery dependent on an improvement in global economic and geopolitical sentiment.

On 1 February 2026, six notable crypto projects were highlighted for their positioning ahead of the next potential altcoin uptrend, including ZKP, Solana, Avalanche, Sui, The Sandbox, and Axie Infinity. These projects are being tracked for factors such as ecosystem development, long-term usage, and infrastructure design rather than short-lived hype. They span privacy-focused AI computation, high-speed base layers, scalable smart contracts, and gaming or metaverse platforms.

On January 31, 2026, Solana-based DeFi platform Step Finance reported that attackers had compromised several treasury and fee wallets, moving roughly 261,854 SOL valued at about $30 million. Following the incident, the team began an investigation, contacted cybersecurity firms, and Defillama data showed the project's TVL had fallen to zero while the STEP token price dropped sharply.