Solana price plunges as treasury firms sell off holdings and crypto market turns bearish globally

The cryptocurrency market has turned sharply bearish, and Solana is feeling the heat.

The token’s price is hovering near the $80 mark after weeks of volatility, and recent activity suggests that treasury firms are offloading significant portions of their holdings.

This wave of selling has raised concerns about Solana’s near-term price trajectory.

Treasury Firms Drive the Sell-Off

The selling activity is not limited to retail investors.

According to macro analyst Ted Pillows, large Solana treasury companies have been dumping SOL over the past few months.

These firms are selling at lower price points, increasing market supply and creating downward pressure on the token.

This trend may reflect a broader sentiment shift or a strategic reallocation of crypto portfolios.

Analysts warn that without fresh buying interest, continued distribution from these treasuries could push Solana even lower, potentially toward $50 in the coming months.

Network Activity Signals Weakness

Beyond price movements, Solana’s blockchain is showing signs of declining health.

Stablecoin supply on the network has fallen sharply, with over $250 million moving out of SOL in the past month alone.

Crypto analyst AdrianoFeria.eth noted that while Ethereum continues to attract stablecoin inflows, Solana is seeing its ecosystem shrink—a key signal for long-term viability.

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Stablecoin supply is widely considered a reliable measure of network activity, as it cannot be easily manipulated, making this trend particularly concerning for SOL holders.

Key Price Levels to Watch

Solana recently tested a critical support level near $81, according to analysis from UniChartz.

A sustained breakdown below this support could trigger further losses, with the next significant price target estimated around $45.

Currently, SOL is trading at approximately $83 following a modest 1.14% bounce over the last 24 hours.

Trading volume has risen sharply, increasing by more than 36%, which could indicate short-term volatility as market participants react to treasury sales and broader market trends.

Impact and Consequences

The ongoing sell-off by treasury firms has multiple implications.

First, it increases liquidity in the market but at the cost of downward price pressure.

Second, declining stablecoin holdings suggest that network activity is contracting, which could impact developer engagement, ecosystem growth, and investor confidence.

Long-term holders may face uncertainty, and potential institutional investors could delay or scale back commitments until signs of stabilization emerge.

What’s Next?

Traders and analysts will be closely watching the $81 support level.

A break below this threshold could accelerate the bearish trend, pushing SOL toward the $50 range.

Meanwhile, any positive catalysts, such as renewed developer activity, network upgrades, or increased adoption, could temporarily stabilize prices.

Market participants should also monitor broader crypto trends, especially stablecoin flows, as they serve as a bellwether for network health and liquidity.

Summary

Solana’s price continues to struggle amid a bearish crypto market, with treasury firms selling off significant holdings.

The network shows signs of weakening activity, including a drop in stablecoin supply.

Critical support near $81 will determine whether SOL can stabilize or face further declines toward $50.

Investors are advised to monitor both price levels and network health for indications of a potential turnaround.

Bulleted Takeaways

• Solana trading near $80 amid bearish market conditions.
• Large treasury holders have been offloading SOL, increasing market supply.
• Network stablecoin supply has declined by over $250 million in the past month.
• Key support level sits at $81; a break could push price toward $45–$50.
• Trading volume up 36% amid volatility and treasury sell-offs.
• Weak network activity suggests declining ecosystem health compared to Ethereum.
• Short- to medium-term price outlook remains bearish unless buying demand increases.
• Investors and analysts should watch treasury behavior, support levels, and stablecoin flows closely.