Solana Plummets as Treasury Firms Collapse in Crypto Sell-Off

The Solana market is experiencing a sharp decline following the collapse of prominent treasury firms, leading to large investor withdrawals and a drop in overall confidence. These firms, heavily invested in Solana, have witnessed significant losses and contributed to the broader sell-off in the crypto market. Analysts like Ted on X attribute this crash to dwindling institutional buying activity, highlighting the increasing fragility of the Solana ecosystem.