Solana Treasury Stocks Mirror Meme Coin Crashes, Analyst Warns of 50% More Downside
BeInCrypto
Treasury companies holding Solana tokens are facing massive stock declines, with analysts warning of significant further losses amid ongoing market volatility.Summary
Companies with large Solana (SOL) treasury holdings are experiencing stock price plunges between 75% and 92% due to the asset's year-to-date decline. Notable firms such as Forward Industries, Sol Strategies, and Sharps Technology face hundreds of millions in unrealized losses. Analyst Ted Pillows has compared these corporate performance drops to the volatile price action of meme coins, warning that stocks could face an additional 30% to 50% downside before reaching a bottom. The situation raises concerns regarding the viability of concentrated single-asset treasury strategies in crypto-focused companies.
(Source：BeInCrypto)