In the present report, we discussed our recent results concerning the investigations of high energy density matter. By using of high-resolution X-ray spectroscopic measurements and kinetic simulations, we demonstrate that the energy of femtosecond laser pulses is efficiently converted to X-ray radiation and produces exotic states in solid density plasma regions. It is shown that exotic hollow multicharged ions states can be obtained and studied not only by ultra-intense X-ray radiation of XFEL lasers, but also upon using optical laser technology. We have concluded that observable features of the hollow-ion spectra are sensitive to such plasma parameters as density, temperature, hot-electron fraction, and intensity of the X-ray pumping radiation and could be used for effective diagnostics of warm dense matter parameters.