Peter Smith
⬤ Solana suffers heavy losses as treasury linked firms keep sliding to new lows. Four listed companies that belong to the ecosystem - Forward Industries, Sol Strategies, Sharps Technology besides DeFi Development Corp - trade at or near their weakest levels in months. The steady drop in those shares erodes demand for SOL itself and leaves the token unable to gain speed even when the wider market recovers.
⬤ The fall is not a brief glitch. Price charts show the shares have plunged for weeks tumbling from earlier peaks into zones where no buyers appear. Sol Strategies or DeFi Development Corp have lost most of their prior advances. Forward Industries next to Sharps Technology also drift downward without any sign of a floor. One analyst remarks that “the relentless slide in those treasury linked names has cut the overall buying demand tied to Solana,” which means less money now flows in to prop up SOL.
⬤ The issue is straightforward - while those treasury firms were strong they stacked SOL and delivered steady demand. Now that they weaken, that support has vanished. Until the shares steady or turn higher, SOL will probably fail to advance. The broad weakness in those names is not background chatter - it warns about thin liquidity, poor sentiment and shrinking capital inflows across the whole Solana network. A rebound in those treasury stocks might later lift the mood around Solana, but at present the force points only downward.
Peter Smith
