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Crypto Pulse Daily: Morgan Stanley Backs Solana as RWA Tokenized Value Hits $1.66B Record

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CoinGape Newsletter
February 16, 2026

The XRP price’s recent attempt to rebound was halted after a sudden wave of selling pressure on Upbit. The Ripple token’s push to break out of the long-standing bearish trend quickly reversed, dragging the price down to the $1.4 level.

TradFi institutions such as financial giant Morgan Stanley are ramping up their exposure to Solana (SOL), signaling rising confidence in the blockchain’s potential. This move comes as the real-world asset (RWA) tokenized value on the Solana network reached an ATH of $1.66 billion.

The Supreme Court has scheduled February 20 as a potential date for the Trump Tariffs ruling. Meanwhile, the cryptocurrency market is experiencing a slight downturn. XRP price saw a 6% drop in the last 24 hours, falling to $1.45 as selling pressure intensified. Additionally, the total market capitalization of the crypto market decreased by 3%, reaching $2.34 trillion.

The crypto market has risen by 2.67%, reaching a total market value of $2.43 trillion over the past 24 hours. This rally comes ahead of a key U.S. crypto bill review scheduled for February 16, 2026. 

The crypto market has been improving slightly as the week goes on, with Dogecoin, Solana, and Cardano recording strong gains. Dogecoin is up 16% today, and Solana is hovering over the $85 support.