With the market struggling to regain bullish traction, Solana continues to trend downward , now hovering around the $130 price level. During this sharp pullback in SOL’s price, there has been a notable selling spree among investors, which seems to have migrated to those held in treasury reserves.

Ongoing Sell-Off Extends Into Solana Treasuries

After closing on a negative note on Monday, Solana’s ongoing bearish performance has expanded into another day. At the same time, a surprising shift in institutional sentiment and action has emerged concerning the thriving SOL treasuries narrative.

As the market wanes, one of Solana’s key treasury-backed companies has started to dump portions of its SOL holdings. OxNobler, a DeFi researcher and crypto investor, shared this change in se

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