Crypto analyst Ted Pillows has drawn attention to Solana treasury companies, which seem to be struggling more than Bitcoin, Ethereum and more. xrp treasury companies. This comes amid a decline in the crypto market, with SOL facing the biggest decline among these coins.
Solana Treasuries Struggling Worse Than Bitcoin, Ethereum, XRP Treasuries
in one x postTed Pillows said Solana treasury companies are looking like “Solana memecoins.” He said they are already down 80% to 90%, but could go lower before the bottom. In particular, Bitcoin, Ethereum and XRP treasury companies have shown more strength than solana treasury.
Ted Pillow highlights the stock performance of Solana treasury companies, Forward IndustriesSol Strategies, Sharp Technology, and DeFi Development Corporation (DFDV). Forward Industries, the largest Solana hoarder, has seen its FWDI stock fall from a high above $40 last year to a low of $4. The stock is currently down more than 80% in the last six months.
It is worth noting that Solana has suffered larger declines than Bitcoin, Ethereum, and XRP since the October 2025 peak, which may explain why Solana treasury companies have suffered larger declines than BTC, ETH, and XRP treasury companies. sol price The price is down about 55% over the past six months, while BTC, ETH and XRP are down less than 50% over the same period.
Commenting on Ethereum treasury companies, Ted Pillows noted That they are showing some strength at the moment. However, he cautioned that this does not mean they have bottomed out, rather they could bring some buying pressure to ETH. After that, both ETH and treasury bonds will move to new lows, the analyst said. Tom Lee’s Bitmain is currently the largest Ethereum treasury company and has seen its BMNR stock drop 60% over the past six months.
Bitcoin is suffering the biggest losses among treasury companies
Ethereum Treasury Company Bitcoin is currently seeing the largest unrealized losses among crypto treasury companies. dropstab data It turns out that Bitcoin currently has an unrealized loss of $6 billion on its ETH holdings. The average purchase price for the company’s holdings is $3,670 per ETH. Despite unrealistic losses, Bitcoin has benefited from adopting the ETH strategy, with its stock price rising 168% in the last year.
Michael Saylor’s strategyWhich is the largest among Bitcoin, Ethereum, XRP and Solana treasury companies, it also has a significant unrealized loss of $1 billion. The strategy saw unrealized losses of up to $7 billion at one point as the price of BTC fell into the low $60,000 range. Meanwhile, the company’s portfolio briefly turned green yesterday as Bitcoin rose to $76,000, above the strategy’s average purchase price of $75,610.
Featured image from Adobe Stock, chart from tradingview.com
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