- Solana treasury firms are underperforming, causing SOL to fall below $200 amid weak institutional demand.
- Ethereum treasury-linked companies are also struggling, and both ecosystems may need renewed corporate buying for recovery.
Solana-linked treasury firms are showing sustained losses, signaling weak institutional demand and growing selling pressure. SOL price has slipped below $200, reflecting limited support amid continued treasury-related weakness across the sector. Analysts warn that without renewed accumulation from treasury companies, Solana may struggle to regain market stability.
Solana Treasury Firms Face Deepening Pressure
Crypto analyst Ted (@TedPillows) highlighted that Solana treasury firms are performing worse than those tied to Ethereum. Firms such as Forward Industries, Sol Strategies, Sharps Technology, and DeFi Development Corp. have all experienced prolonged declines. Each company’s stock trends lower, marked by persistent selling activity and lower highs over recent months.
Solana treasury companies are performing even worse than Ethereum treasury companies.
And this is clearly visible in the $SOL chart.
No strong bidding, and Solana has lost its $200 support zone.
I don't see a way for Solana to rally until treasury companies start aggressive… pic.twitter.com/qnMkD3CsbF
— Ted (@TedPillows) October 30, 2025
Sol Strategies, in particular, has fallen sharply below key support levels, mirroring SOL’s broader market weakness. Ted noted that these losses erode balance sheet strength, leaving firms with limited capacity to stabilize or support the ecosystem. He added that Solana’s market structure is hindered by weak corporate demand, and recovery could remain muted without renewed buying activity from treasury-linked companies.
At press time, SOL trading at $186.33, down 2.70% over 24 hours and 2.54% for the week.
Ethereum Treasury Firms Also Facing Headwinds
Ted pointed out that Ethereum treasury-linked firms are also showing renewed declines after a brief recovery. Some companies have started offloading crypto holdings, adding further pressure across the sector. Analysts suggest that Ethereum’s sustained recovery will also depend heavily on treasury-driven accumulation.
Ethereum treasury companies' bottom is not in yet.
Last week, it looked like they had bottomed out, but now they're going down again.
One reason behind this is that some treasury companies have started to sell their holdings, which is a massive red signal.
As I have said… pic.twitter.com/a70TkEpNg5
— Ted (@TedPillows) October 30, 2025
The lack of institutional support is increasingly visible in token price charts. Without renewed interest from treasury firms, both Solana and Ethereum could face continued downward pressure.
Market Outlook
Market watchers emphasize that the next strong Solana rally is likely contingent on treasury companies resuming accumulation. Until corporate balance sheets show renewed confidence in these digital assets, both SOL and ETH may struggle to find meaningful price support.
The current environment underlines a broader reality: institutional activity remains crucial for the stability of major blockchain ecosystems, and weak treasury performance could limit upside potential in both Solana and Ethereum markets.
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