Ethereum and Solana underperform on risk shedding and treasury unwinds

ETH near $3,083 (-4.8%) and Solana around $132 (-3.4%) are lagging Bitcoin as investors de-risk from higher-beta smart-contract platforms. CoinDesk notes that listed ‘treasury plays’ tied to ether and Solana have been hit particularly hard when BTC sells off, reinforcing the downside beta in these ecosystems.