Solana's market value is under pressure as key treasury firms associated with its ecosystem face significant financial challenges. The price of Solana has dropped sharply due to the declining value of major treasury companies like Forward Industries and Sol Strategies, which are experiencing volatile price swings and steep declines.
This downturn has led to reduced institutional demand and increased selling pressure on Solana, raising concerns about the sustainability of digital asset treasuries. The broader crypto market slowdown is exacerbating these issues, highlighting vulnerabilities within the ecosystem.
Solana Faces Price Decline Amid Treasury Firm Collapses
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