A sharp 40% decline in Solana (SOL) value has pushed treasury-held SOL portfolios into losses, with companies such as Forward Industries and Solana Company reporting drops exceeding 60%.
The price of Solana (SOL) has fallen approximately 40% over the past month, significantly reducing the value of SOL holdings across several corporate treasuries. Forward Industries reported a 64% decline, while Solana Company’s holdings dropped an estimated 65%. DeFi Dev Corp recorded a 42% decrease, with Sharps Technology and Upexi seeing declines of 68% and 47%, respectively. The widespread downturn reflects heightened volatility within the Solana ecosystem and its impact on businesses holding crypto assets on their balance sheets.