Treasury Company Hit by $40.9M Loss

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David Pokima

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David Pokima

Part of the Team Since

Jun 2023

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David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.

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CryptoNews Editorial Team

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Sep 2018

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

Last updated: 

March 31, 2026

A Solana treasury company just posted a $40.9 million loss, and the SOL itself isn’t making the price prediction any easier to stomach. The token trades at $83, sitting dangerously close to the $80 support level, and has posted an 8% drop in a week, the largest loss in the top 10 crypto by market cap.

Executive Chairman of Solana (NASDAQ: HSDT), Joseph Chee, described 2025 as a “transformative year,” anchored by the September close of a $500+ million PIPE transaction and a structural shift toward what he called a “multifaceted platform.”

The pivot away from passive holding sounded bold on paper. The $40.9 million loss is the reality check. Treasury companies betting on crypto assets are discovering what active traders already know: holding through a bear cycle costs real money, and SOL is down 72% from its $293 peak.

The broader macro backdrop adds pressure. Goldman Sachs pushed back its rate-cut timeline, the Fed’s March 17-18 meeting produced no relief, and weekly DEX volume on Solana collapsed from $118 billion to $12 billion. The setup heading into April is fragile.

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Solana Price Prediction: Hold $80 or a Drop to $59?

SOL’s technical picture is deteriorating, but not yet broken. The token holds above $80 for now, a level that prediction markets assign a 38.5% probability of failing. A confirmed head-and-shoulders pattern on the chart projects a measured-move target of $59 on a clean break below that level. That’s a 30% haircut from current prices.

Short-term moving averages (10–30 day) still flash a buy signal. Longer-term MAs (50–200 day) have flipped to sell. RSI sits at a neutral, which means there’s no technical floor forcing a reversal here. The 4-hour 200-day MA has been rising since March 9, offering a modest cushion.

The Alpenglow upgrade, targeting sub-second finality, is the one wildcard that could rewrite this setup fast. Until deployment is confirmed, the chart remains in control.

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Maxi Doge Targets Early Mover Upside as Solana Tests Key Levels

Watching SOL grind near critical support while treasury companies absorb eight-figure losses is a useful reminder that late-cycle positioning in large-cap assets carries asymmetric downside. Some traders are rotating capital into earlier-stage opportunities where the upside math still works in their favor (the risk math does too, which matters).

Maxi Doge ($MAXI) is one presale drawing attention in that rotation. The ERC-20 meme token positions itself as the “240-lb canine juggernaut” of the trading community, built around 1000x leverage mentality, holder-only trading competitions with leaderboard rewards, and a Maxi Fund treasury supporting liquidity and partnerships. The tagline is blunt: Never skip leg-day, never skip a pump.