The market has been quite strange lately. The ETFs for SOL, Ripple, and Doge are basically seeing very little outflow, but these three coins have been falling continuously. This shows that the selling pressure in the market far exceeds the ETF buying volume, which is why this is happening. Only Hype is an exception—its treasury keeps buying, and the coin price has been rising steadily.

Just now, the SOL treasury company started selling SOL in order to repay its debt. This has the same effect as what MicroStrategy did at the time. If the price continues to drop, under the downward pressure, the Doge, SOL, and XRP treasury companies will gradually sell off, which will bring even greater selling pressure to these three coins!

So if you want to hold, you need to be cautious. Of course, I haven’t bought these three coins.