Solana has fallen about 12 percent over the past week, making it the weakest performer among the top 10 cryptocurrencies by market value. BeInCrypto reported that whale selling and institutional outflows intensified downside pressure amid broader market weakness. Lookonchain said a long-term staker sold 30,000 SOL and has disposed of 965,274 SOL worth about $137.7 million. It also cited loss-cutting sales, Pump.fun deposits to Kraken and Goldman Sachs exiting spot Solana and XRP ETFs in the first quarter.

Shinhan Bank will begin selling the public participation National Growth Fund, a policy investment product aimed at fostering advanced strategic industries. The bank said it will sell the fund from May 22 to June 11 with a total limit of 45 billion won. Subscriptions are available at branches and on the Shinhan SOL Bank app, with annual and multi-year limits per person. The product offers income deductions, separate taxation on dividend income, and a government-backed loss buffer, though principal loss is possible.