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Solana processed nearly $650 billion in stablecoin transfers in February 2026, highlighting a shift toward faster and lower-cost blockchain settlement infrastructure.
Bitcoin dropped to a seven-day low near $65,633 as Brent crude surged above $118 amid escalating tensions in the Middle East.
While SUI trades near a key support zone around $0.89, XRP investors currently hold over $50 billion in unrealized losses following the token’s sharp correction.
Major developments took place in the cryptocurrency market, with geopolitical tensions, changing blockchain structures, and shifting liquidity flows. While Solana went past other stablecoins, Bitcoin went down due to increasing oil prices.
In February 2026, Solana processed approximately $650 billion in stablecoin transactions. This took it way past other networks and caused a significant shift in liquidity flows.
Stablecoins such as USDC and USDT have increasingly become the backbone of digital finance, serving as the primary settlement layer for trading, payments, and managing treasury.
USDC remains the dominant stablecoin, holding approximately 53% market share across blockchain ecosystems. The network’s stablecoin supply has also grown, reaching about $15.4 billion, an increase of more than 12% in the past month.
Bitcoin recently fell to a seven-day low of around $65,633, declining roughly 2.4% as markets all over the world reacted to a surge in oil prices.
The decline follows an escalation in geopolitical tensions in the Middle East after joint strikes involving the United States and Israel against Iranian targets.
These developments triggered disruptions in energy markets and drove Brent crude oil prices to approximately $118.73 per barrel, the highest level since mid-2022.
The situation has intensified due to disruptions around the Strait of Hormuz, a critical energy corridor responsible for roughly 20 million barrels of oil per day, or about one-fifth of global supply.
According to SoSoValue, Bitcoin spot ETFs recorded net inflows of $568 million last week.
The largest inflows were from BlackRock’s iShares Bitcoin Trust (IBIT), which attracted approximately $660 million in new capital.
Since its launch, IBIT has accumulated $62.47 billion in total net inflows, reinforcing its position as the leading Bitcoin ETF product in the market.
Meanwhile, Grayscale’s Bitcoin Mini Trust recorded about $45.9 million in weekly inflows, while Fidelity’s FBTC ETF experienced the largest weekly outflow of roughly $153 million.
Also Read: Bitcoin Price Trades Near $67,000 After Recent Drop to $66,000
SUI is trading near a key support zone around $0.89, with analysts closely watching the $0.85 level as a potential breakdown threshold.
Currently, SUI holds a market capitalization of approximately $3.48 billion with daily trading volume near $344 million.
The token has declined about 1.25% in the past 24 hours, reflecting broader weakness across altcoin markets.
Immediate support is located between $0.815 and $0.837, while a decisive break below $0.85 could push prices toward $0.60, a level where buyers previously stepped in.
The Relative Strength Index (RSI) sits around 40, indicating weak but gradually improving momentum. Meanwhile, the MACD indicator has begun turning slightly positive.
XRP investors are currently holding approximately 36.8 billion tokens at a loss, representing nearly $50.8 billion in unrealized losses according to on-chain analytics.
The token has fallen sharply from its 2025 peak above $2.80 and is now trading near $1.34, leaving a large portion of investors underwater.
Crypto analyst EGRAG CRYPTO believes XRP may still be undergoing a typical market capitulation phase, which sometimes occurs before the beginning of a new expansion cycle.
Key levels to watch include $1.30 support and $1.50 resistance. If the market breaks below $1.30, the next demand zone may appear near $1.20.
Also Read: How to Trade and Convert XRP Efficiently in 2026: Exchange Rate Guide
On the decentralized derivatives platform Hyperliquid, tokenized crude oil contracts recorded nearly $40 million in liquidations, with $36.9 million coming from short positions as traders betting on falling oil prices were forced out of the market.
The CL-USDC contract surged to approximately $114.77, making it one of the largest single-asset liquidation events on the platform, apart from Bitcoin and Ethereum.
Across the broader crypto derivatives market, 94,058 traders were liquidated in the past 24 hours, with total losses exceeding $364 million.
1. Why is Solana processing so many stablecoin transactions?
Solana’s low fees and high throughput make it attractive for stablecoin settlement, payments, and trading activity across DeFi and exchanges.
2. Why did Bitcoin fall to a seven-day low?
Bitcoin declined as global markets reacted to surging oil prices and geopolitical tensions, which triggered risk-off sentiment across financial assets.
3. How much money flowed into Bitcoin ETFs recently?
Bitcoin spot ETFs recorded net inflows of about $568 million last week, with BlackRock’s IBIT attracting the largest share of new capital.
4. Why are XRP investors facing large losses?
XRP dropped sharply from its 2025 peak above $2.80 to around $1.34, leaving roughly 36.8 billion tokens currently held at a loss.
5. What level is critical for SUI’s price trend?
Analysts are closely watching the $0.85 level, as a breakdown below this support could push the token toward the next demand zone near $0.60.
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