SOL experiences a significant pullback, with institutional holdings showing unrealized losses exceeding 700 million: Why has corporate accumulation stalled?

【Crypto World】Solana tokens have recently weakened, causing significant trouble for companies that hold SOL as a strategic reserve. Data shows that the company with the largest holdings, Forward Industries, owns 69.1 million SOL, accounting for 1.12% of Solana’s total supply. This $1.59 billion investment has now lost over $700 million.

It’s not just them. Multiple institutions such as Upexi, Sharps Technology, Galaxy Digital, and others are also facing substantial paper losses, making the overall story of corporate SOL holdings less glamorous.

Interestingly, the Solana ecosystem has not come to a halt. The existence of staking yields, the advancement of the 2026 roadmap, and market optimism about future upgrades should all support companies to continue buying. But in reality, the accumulation of SOL by large companies has significantly slowed down. The pressure from price volatility is too great—it not only impacts the balance sheet but also directly affects stock valuations, forcing decision-makers to be much more cautious when increasing their positions.

This situation actually reflects a common phenomenon: good technological prospects do not necessarily offset the psychological impact of short-term fluctuations.