On May 20, TradingView analyst Lingrid outlined an Ethereum (ETH) "Kill Zone" that she says marks an optimal accumulation area during the current pullback. She placed the buy zone at $2,100–$2,135 with a stop-loss at $2,040, while targeting a rebound toward $2,300 after ETH briefly fell to $2,070.

Toncoin (TON) fell 11.15% over the past 24 hours, alongside a 3.35% Bitcoin (BTC) decline that coincided with $85 billion being wiped from total crypto market cap. Derivatives markets saw $942 million in liquidations in the same window, with longs making up most of the total. Analysts outlined a bearish near-term setup for TON, with a potential bounce toward $1.9–$2.0 seen as a selling area.

XRP's exchange reserve declined in a single day from 2,744,841,237 XRP to 2,709,389,071 XRP, indicating more tokens moved off trading venues. The asset has stayed in the red for more than a week, recently retesting $1.31, and was trading around $1.33 at the time of writing after dropping 5.43% over the past week.

XRP stayed under pressure alongside a crypto market that fell more than 5% over the past seven days, yet several volume indicators continued to rise. Large holders accumulated 71 million XRP over seven days, XRPL payments reached 1.22 million by May 22, and XRP-linked ETFs logged over $65 million in weekly inflows last week plus $22.04 million so far this week.

Bitmine Immersion Technologies increased its Ethereum position by buying $125.9 million in ETH (60K tokens) as ETH traded around $2K after a nearly 15% May decline. LSEG also confirmed Bitmine will appear on the preliminary Russell 3000 Index list ahead of the June rebalancing, a step that could place the stock into Russell 3000-tracking ETFs if it is accepted at the end of June.

Hyperliquid’s HYPE climbed 46% over the past week and traded above $61, outpacing Bitcoin and Ethereum over the same period. Arthur Hayes reiterated a $150 target and outlined a longer-term $200 scenario, while wallets linked to Grayscale and Galaxy Digital added positions in late May.

Bitwise's Hyperliquid ETF saw nearly $11 million in inflows and more than roughly $40 million in trading volume, while AUM moved toward about $30.5 million. Separately, Arkham-linked flows showed a wallet tied to Arthur Hayes deposited around 115,453 HYPE (about $6.33 million) to Bybit after withdrawing the tokens about a month earlier near $39.58 per HYPE. Options activity also expanded, with HYPE options open interest rising toward roughly $240 million, though about 99.61% of volume was concentrated on Derive.

Solana is drawing institutional interest through ETF products and tokenized real-world assets. Since November 2025, Solana ETFs have recorded $1.45B in cumulative net inflows, while tokenized RWA on Solana reached a record $873.3M in February 2026, up 10% month over month. The data points highlight two separate pools of capital converging on the same chain.