C&aacute;c c&ocirc;ng ty l&#7921;a ch&#7885;n Solana (SOL) l&agrave; t&agrave;i s&#7843;n chi&#7871;n l&#432;&#7907;c d&#7921; tr&#7919; &#273;ang ph&#7843;i &#273;&#7889;i m&#7863;t v&#7899;i thua l&#7895; ng&agrave;y c&agrave;ng gia t&#259;ng khi gi&aacute; SOL chuy&#7875;n sang xu h&#432;&#7899;ng gi&#7843;m trong th&aacute;ng 01/2024. Trong s&#7889; n&agrave;y, Forward Industries &#273;ang n&#7855;m gi&#7919; l&#432;&#7907;ng SOL l&#7899;n nh&#7845;t, chi&#7871;m h&#417;n 1.1% t&#7893;ng ngu&#7891;n cung.
Tuy nhi&ecirc;n, ni&#7873;m tin v&agrave;o gi&aacute; tr&#7883; l&acirc;u d&agrave;i c&#7911;a SOL d&#432;&#7901;ng nh&#432; kh&ocirc;ng thay &#273;&#7893;i, d&ugrave; SOL &#273;&atilde; xo&aacute; s&#7841;ch &#273;&agrave; ph&#7909;c h&#7891;i t&iacute;nh t&#7915; &#273;&#7847;u n&#259;m &#273;&#7871;n nay.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-forward-industries-faces-over-700-million-in-unrealized-losses-as-sol-slides">Forward Industries &#273;&#7889;i m&#7863;t v&#7899;i kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n h&#417;n 700 tri&#7879;u USD khi SOL gi&#7843;m gi&aacute;</h2>

Theo d&#7919; li&#7879;u t&#7915; Coingecko, Forward Industries hi&#7879;n &#273;ang n&#7855;m gi&#7919; h&#417;n 6.91 tri&#7879;u SOL. C&ocirc;ng ty &#273;&atilde; mua l&#432;&#7907;ng token n&agrave;y v&#7899;i t&#7893;ng chi ph&iacute; l&agrave; 1.59 t&#7927; USD, t&#432;&#417;ng &#273;&#432;&#417;ng kho&#7843;ng 1.12% t&#7893;ng ngu&#7891;n cung c&#7911;a Solana.
V&#7899;i m&#7913;c gi&aacute; SOL kho&#7843;ng 128 USD, gi&aacute; tr&#7883; kho&#7843;n &#273;&#7847;u t&#432; n&agrave;y hi&#7879;n ch&#7881; c&ograve;n kho&#7843;ng 885.59 tri&#7879;u USD. &#272;i&#7873;u n&agrave;y khi&#7871;n c&ocirc;ng ty ghi nh&#7853;n kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n v&#432;&#7907;t qu&aacute; 700 tri&#7879;u USD, t&#7913;c gi&#7843;m -46%.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/RnIFjpy6LrJVEhd6OU05PVblkR4=/smart/efd371acb53e47fb8086f6b9ba41c48c" alt="Forward Industries' Solana Holding. Source: Coingecko" class="wp-image-793898">L&#432;&#7907;ng Solana c&#7911;a Forward Industries. Ngu&#7891;n: <a href="https://www.coingecko.com/en/treasuries/companies/forward-industries" target="_blank" rel="noreferrer noopener nofollow">Coingecko</a>

D&ugrave; g&#7863;p th&aacute;ch th&#7913;c nh&#432; tr&ecirc;n, Forward Industries v&#7851;n c&oacute; th&ecirc;m l&#7907;i &iacute;ch t&#7915; vi&#7879;c staking. K&#7875; t&#7915; khi tri&#7875;n khai chi&#7871;n l&#432;&#7907;c d&#7921; tr&#7919; Solana v&agrave;o th&aacute;ng 09/2025, c&ocirc;ng ty &#273;&atilde; thu &#273;&#432;&#7907;c <a href="https://x.com/FWDind/status/2012159777950834711" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 133,450 SOL</a> t&#7915; ph&#7847;n th&#432;&#7903;ng staking. S&#7889; ph&#7847;n th&#432;&#7903;ng n&agrave;y gi&uacute;p <a href="https://www.businesswire.com/news/home/20260115411518/en/Forward-Industries-SOL-Holdings-total-over-6.97-Million-SOL" target="_blank" rel="noreferrer noopener nofollow">t&#259;ng l&#432;&#7907;ng SOL tr&ecirc;n m&#7895;i c&#7893; phi&#7871;u</a>. D&ugrave; v&#7853;y, con s&#7889; n&agrave;y v&#7851;n c&ograve;n qu&aacute; nh&#7887; so v&#7899;i m&#7913;c l&#7895; hi&#7879;n t&#7841;i.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;T&#7915; khi b&#7855;t &#273;&#7847;u, h&#7879; th&#7889;ng validator c&#7911;a c&ocirc;ng ty &#273;&atilde; mang l&#7841;i l&#7907;i su&#7845;t ph&#7847;n tr&#259;m n&#259;m (APY) g&#7897;p l&agrave; 6.73% tr&#432;&#7899;c ph&iacute; &ndash; v&#432;&#7907;t tr&#7897;i so v&#7899;i &#273;a s&#7889; validator n&#7893;i b&#7853;t kh&aacute;c. G&#7847;n nh&#432; to&agrave;n b&#7897; SOL c&#7911;a c&ocirc;ng ty hi&#7879;n &#273;ang &#273;&#432;&#7907;c stake,&rdquo; Forward Industries <a href="https://www.businesswire.com/news/home/20260115411518/en/Forward-Industries-SOL-Holdings-total-over-6.97-Million-SOL" target="_blank" rel="noreferrer noopener nofollow">b&aacute;o c&aacute;o</a>.
</blockquote>

Vi&#7879;c gi&aacute; SOL gi&#7843;m kh&ocirc;ng ch&#7881; l&agrave;m &#7843;nh h&#432;&#7903;ng t&#7899;i qu&#7929; d&#7921; tr&#7919; m&agrave; c&ograve;n k&eacute;o gi&aacute; c&#7893; phi&#7871;u FWDI gi&#7843;m m&#7841;nh. K&#7875; t&#7915; khi c&ocirc;ng b&#7889; mua SOL v&agrave;o th&aacute;ng 09/2025, gi&aacute; c&#7893; phi&#7871;u FWDI &#273;&atilde; <a href="https://www.tradingview.com/x/rzUlZihj/" target="_blank" rel="noreferrer noopener nofollow">gi&#7843;m h&#417;n 80%</a>. S&#7921; s&#7909;t gi&#7843;m n&agrave;y th&#7875; hi&#7879;n s&#7921; lo l&#7855;ng c&#7911;a nh&agrave; &#273;&#7847;u t&#432; v&#7873; r&#7911;i ro t&agrave;i ch&iacute;nh.
Vi&#7879;c b&aacute;n th&aacute;o khi&#7871;n gi&aacute; tr&#7883; v&#7889;n ho&aacute; c&#7911;a c&ocirc;ng ty gi&#7843;m m&#7841;nh. &#272;&#7891;ng th&#7901;i, kh&#7843; n&#259;ng huy &#273;&#7897;ng v&#7889;n y&#7871;u &#273;i, k&eacute;o theo ni&#7873;m tin v&agrave;o c&#7893; phi&#7871;u tr&ecirc;n th&#7883; tr&#432;&#7901;ng c&#361;ng &#273;i xu&#7889;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-other-sol-dats-also-suffer-losses-and-pause-sol-accumulation">C&aacute;c DAT SOL kh&aacute;c c&#361;ng ch&#7883;u l&#7895; v&agrave; t&#7841;m d&#7915;ng t&iacute;ch l&#361;y SOL</h2>

Forward Industries kh&ocirc;ng ph&#7843;i l&agrave; tr&#432;&#7901;ng h&#7907;p duy nh&#7845;t. C&aacute;c c&ocirc;ng ty kh&aacute;c theo m&ocirc; h&igrave;nh qu&#7929; d&#7921; tr&#7919; t&agrave;i s&#7843;n s&#7889; (DAT) c&#361;ng &#273;ang ch&#7883;u c&#7843;nh thua l&#7895; n&#7863;ng n&#7873;.
Upexi (UPXI) ghi nh&#7853;n kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n <a href="https://www.coingecko.com/en/treasuries/companies/upexi" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 47 tri&#7879;u USD</a> trong s&#7889; SOL n&#7855;m gi&#7919;, t&#432;&#417;ng &#7913;ng m&#7913;c gi&#7843;m -15.5%. Sharps Technology &#273;&#7889;i m&#7863;t kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n <a href="https://www.coingecko.com/en/treasuries/companies/sharps-technology" target="_blank" rel="noreferrer noopener nofollow">tr&ecirc;n 133 tri&#7879;u USD</a>, t&#432;&#417;ng &#7913;ng -34%. Galaxy Digital Holdings c&#361;ng l&#7895; ch&#432;a th&#7921;c hi&#7879;n <a href="https://www.coingecko.com/en/treasuries/companies/galaxy-digital-holdings-ltd?coin=solana" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 52 tri&#7879;u USD</a>, t&#7913;c -38%.
Nh&#7919;ng tr&#432;&#7901;ng h&#7907;p n&agrave;y cho th&#7845;y r&#7911;i ro h&#7879; th&#7889;ng c&#7911;a m&ocirc; h&igrave;nh DAT, khi gi&aacute; bi&#7871;n &#273;&#7897;ng m&#7841;nh c&oacute; th&#7875; l&agrave;m lung lay n&#7873;n t&#7843;ng t&agrave;i ch&iacute;nh c&#7911;a doanh nghi&#7879;p.
Nhi&#7873;u chuy&ecirc;n gia c&#7843;nh b&aacute;o b&#7889;i c&#7843;nh c&oacute; th&#7875; c&ograve;n x&#7845;u th&ecirc;m. N&#7871;u SOL gi&#7843;m xu&#7889;ng d&#432;&#7899;i v&ugrave;ng 120 USD &ndash; &#273;&acirc;y l&agrave; v&ugrave;ng h&#7895; tr&#7907; nhi&#7873;u n&#259;m &ndash; gi&aacute; c&oacute; th&#7875; r&#417;i v&#7873; 70 USD. Khi &#273;&oacute;, c&aacute;c kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n s&#7869; b&#7883; n&#7899;i r&#7897;ng r&#7845;t l&#7899;n.
Quan &#273;i&#7875;m n&agrave;y c&oacute; c&#417; s&#7903; khi c&aacute;c qu&#7929; ETF Solana <a href="https://vn.beincrypto.com/solana-etf-record-first-outflows-in-4-weeks/" target="_blank" rel="noreferrer noopener">b&#7855;t &#273;&#7847;u ghi nh&#7853;n d&ograve;ng ti&#7873;n r&uacute;t ra l&#7847;n &#273;&#7847;u ti&ecirc;n sau 4 tu&#7847;n</a>, cho th&#7845;y ni&#7873;m tin c&#7911;a nh&agrave; &#273;&#7847;u t&#432; &#273;ang suy y&#7871;u.
D&#7919; li&#7879;u b&#7893; sung ch&#7881; ra r&#7857;ng c&aacute;c c&ocirc;ng ty &#273;&atilde; d&#7915;ng <a href="https://beincrypto.com/learn/buy-solana/" target="_blank" rel="noreferrer noopener">mua th&ecirc;m SOL</a> trong hai th&aacute;ng g&#7847;n &#273;&acirc;y. T&#7893;ng l&#432;&#7907;ng SOL &#273;&#432;&#7907;c c&aacute;c DAT n&#7855;m gi&#7919; g&#7847;n nh&#432; kh&ocirc;ng t&#259;ng th&ecirc;m, v&#7851;n gi&#7919; &#7903; m&#7913;c 17.7 tri&#7879;u.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/aK2tSYw0fBia2N7T5IuF58bPG8c=/smart/14f0dac386bb49678a1aacf76f036641" alt="" class="wp-image-793897">Th&#7889;ng k&ecirc; l&#432;&#7907;ng Solana d&#7921; tr&#7919;. Ngu&#7891;n: <a href="https://sentora.com/research/dashboards/crypto-treasury-tracker" target="_blank" rel="noreferrer noopener nofollow">Sentora</a>

Vi&#7879;c gi&#7843;m t&#7889;c mua v&agrave;o cho th&#7845;y th&#7883; tr&#432;&#7901;ng ng&agrave;y c&agrave;ng th&#7853;n tr&#7885;ng h&#417;n gi&#7919;a n&#7895;i lo v&#7873; r&#7911;i ro.
D&ugrave; v&#7853;y, Forward Industries v&#7851;n gi&#7919; v&#7919;ng quan &#273;i&#7875;m l&#7841;c quan. Doanh nghi&#7879;p tin r&#7857;ng n&#259;m 2026 s&#7869; l&agrave; th&#7901;i &#273;i&#7875;m Solana b&#7913;t ph&aacute;. H&#7885; nh&#7845;n m&#7841;nh Solana &#273;ang c&oacute; k&#7871; ho&#7841;ch n&acirc;ng c&#7845;p m&#7841;nh m&#7869; nh&#7845;t l&#7883;ch s&#7917;, bao g&#7891;m c&#7843; v&#7873; c&ocirc;ng ngh&#7879; v&agrave; h&#7879; th&#7889;ng. M&#7909;c ti&ecirc;u l&agrave; bi&#7871;n Solana th&agrave;nh m&#7897;t &ldquo;Nasdaq phi t&#7853;p trung&rdquo;.
Song song, theo Token Terminal, t&#7927; l&#7879; staking c&#7911;a Solana &#273;&atilde; <a href="https://x.com/tokenterminal/status/2013319688420213067" target="_blank" rel="noreferrer noopener nofollow">&#273;&#7841;t 70%</a>, m&#7913;c cao nh&#7845;t t&#7915; tr&#432;&#7899;c t&#7899;i nay. T&#7893;ng gi&aacute; tr&#7883; SOL stake &#273;&#7841;t kho&#7843;ng 60 t&#7927; USD, g&oacute;p ph&#7847;n &#273;&#7843;m b&#7843;o an ninh cho m&#7841;ng l&#432;&#7899;i.
Nh&#7919;ng &#273;i&#7875;m t&iacute;ch c&#7921;c n&agrave;y ph&#7847;n n&agrave;o l&yacute; gi&#7843;i v&igrave; sao th&#7883; tr&#432;&#7901;ng v&#7851;n ch&#432;a xu&#7845;t hi&#7879;n l&agrave;n s&oacute;ng b&aacute;n th&aacute;o SOL c&#7911;a c&aacute;c DAT. Di&#7877;n bi&#7871;n gi&aacute; SOL nh&#7919;ng ng&agrave;y t&#7899;i s&#7869; th&#7875; hi&#7879;n r&otilde; h&#417;n ph&#7843;n &#7913;ng c&#7911;a c&aacute;c doanh nghi&#7879;p n&agrave;y.

Các quỹ tài sản số Solana dừng mua SOL khi khoản lỗ chưa thực hiện tăng lên

C&aacute;c c&ocirc;ng ty l&#7921;a ch&#7885;n Solana (SOL) l&agrave; t&agrave;i s&#7843;n chi&#7871;n l&#432;&#7907;c d&#7921; tr&#7919; &#273;ang ph&#7843;i &#273;&#7889;i m&#7863;t v&#7899;i thua l&#7895; ng&agrave;y c&agrave;ng gia t&#259;ng khi gi&aacute; SOL chuy&#7875;n sang xu h&#432;&#7899;ng gi&#7843;m trong th&aacute;ng 01/2024. Trong s&#7889; n&agrave;y, Forward Industries &#273;ang n&#7855;m gi&#7919; l&#432;&#7907;ng SOL l&#7899;n nh&#7845;t, chi&#7871;m h&#417;n 1.1% t&#7893;ng ngu&#7891;n cung.
Tuy nhi&ecirc;n, ni&#7873;m tin v&agrave;o gi&aacute; tr&#7883; l&acirc;u d&agrave;i c&#7911;a SOL d&#432;&#7901;ng nh&#432; kh&ocirc;ng thay &#273;&#7893;i, d&ugrave; SOL &#273;&atilde; xo&aacute; s&#7841;ch &#273;&agrave; ph&#7909;c h&#7891;i t&iacute;nh t&#7915; &#273;&#7847;u n&#259;m &#273;&#7871;n nay.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-forward-industries-faces-over-700-million-in-unrealized-losses-as-sol-slides">Forward Industries &#273;&#7889;i m&#7863;t v&#7899;i kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n h&#417;n 700 tri&#7879;u USD khi SOL gi&#7843;m gi&aacute;</h2>

Theo d&#7919; li&#7879;u t&#7915; Coingecko, Forward Industries hi&#7879;n &#273;ang n&#7855;m gi&#7919; h&#417;n 6.91 tri&#7879;u SOL. C&ocirc;ng ty &#273;&atilde; mua l&#432;&#7907;ng token n&agrave;y v&#7899;i t&#7893;ng chi ph&iacute; l&agrave; 1.59 t&#7927; USD, t&#432;&#417;ng &#273;&#432;&#417;ng kho&#7843;ng 1.12% t&#7893;ng ngu&#7891;n cung c&#7911;a Solana.
V&#7899;i m&#7913;c gi&aacute; SOL kho&#7843;ng 128 USD, gi&aacute; tr&#7883; kho&#7843;n &#273;&#7847;u t&#432; n&agrave;y hi&#7879;n ch&#7881; c&ograve;n kho&#7843;ng 885.59 tri&#7879;u USD. &#272;i&#7873;u n&agrave;y khi&#7871;n c&ocirc;ng ty ghi nh&#7853;n kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n v&#432;&#7907;t qu&aacute; 700 tri&#7879;u USD, t&#7913;c gi&#7843;m -46%.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/RnIFjpy6LrJVEhd6OU05PVblkR4=/smart/efd371acb53e47fb8086f6b9ba41c48c" alt="Forward Industries' Solana Holding. Source: Coingecko" class="wp-image-793898">L&#432;&#7907;ng Solana c&#7911;a Forward Industries. Ngu&#7891;n: <a href="https://www.coingecko.com/en/treasuries/companies/forward-industries" target="_blank" rel="noreferrer noopener nofollow">Coingecko</a>

D&ugrave; g&#7863;p th&aacute;ch th&#7913;c nh&#432; tr&ecirc;n, Forward Industries v&#7851;n c&oacute; th&ecirc;m l&#7907;i &iacute;ch t&#7915; vi&#7879;c staking. K&#7875; t&#7915; khi tri&#7875;n khai chi&#7871;n l&#432;&#7907;c d&#7921; tr&#7919; Solana v&agrave;o th&aacute;ng 09/2025, c&ocirc;ng ty &#273;&atilde; thu &#273;&#432;&#7907;c <a href="https://x.com/FWDind/status/2012159777950834711" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 133,450 SOL</a> t&#7915; ph&#7847;n th&#432;&#7903;ng staking. S&#7889; ph&#7847;n th&#432;&#7903;ng n&agrave;y gi&uacute;p <a href="https://www.businesswire.com/news/home/20260115411518/en/Forward-Industries-SOL-Holdings-total-over-6.97-Million-SOL" target="_blank" rel="noreferrer noopener nofollow">t&#259;ng l&#432;&#7907;ng SOL tr&ecirc;n m&#7895;i c&#7893; phi&#7871;u</a>. D&ugrave; v&#7853;y, con s&#7889; n&agrave;y v&#7851;n c&ograve;n qu&aacute; nh&#7887; so v&#7899;i m&#7913;c l&#7895; hi&#7879;n t&#7841;i.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;T&#7915; khi b&#7855;t &#273;&#7847;u, h&#7879; th&#7889;ng validator c&#7911;a c&ocirc;ng ty &#273;&atilde; mang l&#7841;i l&#7907;i su&#7845;t ph&#7847;n tr&#259;m n&#259;m (APY) g&#7897;p l&agrave; 6.73% tr&#432;&#7899;c ph&iacute; &ndash; v&#432;&#7907;t tr&#7897;i so v&#7899;i &#273;a s&#7889; validator n&#7893;i b&#7853;t kh&aacute;c. G&#7847;n nh&#432; to&agrave;n b&#7897; SOL c&#7911;a c&ocirc;ng ty hi&#7879;n &#273;ang &#273;&#432;&#7907;c stake,&rdquo; Forward Industries <a href="https://www.businesswire.com/news/home/20260115411518/en/Forward-Industries-SOL-Holdings-total-over-6.97-Million-SOL" target="_blank" rel="noreferrer noopener nofollow">b&aacute;o c&aacute;o</a>.
</blockquote>

Vi&#7879;c gi&aacute; SOL gi&#7843;m kh&ocirc;ng ch&#7881; l&agrave;m &#7843;nh h&#432;&#7903;ng t&#7899;i qu&#7929; d&#7921; tr&#7919; m&agrave; c&ograve;n k&eacute;o gi&aacute; c&#7893; phi&#7871;u FWDI gi&#7843;m m&#7841;nh. K&#7875; t&#7915; khi c&ocirc;ng b&#7889; mua SOL v&agrave;o th&aacute;ng 09/2025, gi&aacute; c&#7893; phi&#7871;u FWDI &#273;&atilde; <a href="https://www.tradingview.com/x/rzUlZihj/" target="_blank" rel="noreferrer noopener nofollow">gi&#7843;m h&#417;n 80%</a>. S&#7921; s&#7909;t gi&#7843;m n&agrave;y th&#7875; hi&#7879;n s&#7921; lo l&#7855;ng c&#7911;a nh&agrave; &#273;&#7847;u t&#432; v&#7873; r&#7911;i ro t&agrave;i ch&iacute;nh.
Vi&#7879;c b&aacute;n th&aacute;o khi&#7871;n gi&aacute; tr&#7883; v&#7889;n ho&aacute; c&#7911;a c&ocirc;ng ty gi&#7843;m m&#7841;nh. &#272;&#7891;ng th&#7901;i, kh&#7843; n&#259;ng huy &#273;&#7897;ng v&#7889;n y&#7871;u &#273;i, k&eacute;o theo ni&#7873;m tin v&agrave;o c&#7893; phi&#7871;u tr&ecirc;n th&#7883; tr&#432;&#7901;ng c&#361;ng &#273;i xu&#7889;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-other-sol-dats-also-suffer-losses-and-pause-sol-accumulation">C&aacute;c DAT SOL kh&aacute;c c&#361;ng ch&#7883;u l&#7895; v&agrave; t&#7841;m d&#7915;ng t&iacute;ch l&#361;y SOL</h2>

Forward Industries kh&ocirc;ng ph&#7843;i l&agrave; tr&#432;&#7901;ng h&#7907;p duy nh&#7845;t. C&aacute;c c&ocirc;ng ty kh&aacute;c theo m&ocirc; h&igrave;nh qu&#7929; d&#7921; tr&#7919; t&agrave;i s&#7843;n s&#7889; (DAT) c&#361;ng &#273;ang ch&#7883;u c&#7843;nh thua l&#7895; n&#7863;ng n&#7873;.
Upexi (UPXI) ghi nh&#7853;n kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n <a href="https://www.coingecko.com/en/treasuries/companies/upexi" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 47 tri&#7879;u USD</a> trong s&#7889; SOL n&#7855;m gi&#7919;, t&#432;&#417;ng &#7913;ng m&#7913;c gi&#7843;m -15.5%. Sharps Technology &#273;&#7889;i m&#7863;t kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n <a href="https://www.coingecko.com/en/treasuries/companies/sharps-technology" target="_blank" rel="noreferrer noopener nofollow">tr&ecirc;n 133 tri&#7879;u USD</a>, t&#432;&#417;ng &#7913;ng -34%. Galaxy Digital Holdings c&#361;ng l&#7895; ch&#432;a th&#7921;c hi&#7879;n <a href="https://www.coingecko.com/en/treasuries/companies/galaxy-digital-holdings-ltd?coin=solana" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 52 tri&#7879;u USD</a>, t&#7913;c -38%.
Nh&#7919;ng tr&#432;&#7901;ng h&#7907;p n&agrave;y cho th&#7845;y r&#7911;i ro h&#7879; th&#7889;ng c&#7911;a m&ocirc; h&igrave;nh DAT, khi gi&aacute; bi&#7871;n &#273;&#7897;ng m&#7841;nh c&oacute; th&#7875; l&agrave;m lung lay n&#7873;n t&#7843;ng t&agrave;i ch&iacute;nh c&#7911;a doanh nghi&#7879;p.
Nhi&#7873;u chuy&ecirc;n gia c&#7843;nh b&aacute;o b&#7889;i c&#7843;nh c&oacute; th&#7875; c&ograve;n x&#7845;u th&ecirc;m. N&#7871;u SOL gi&#7843;m xu&#7889;ng d&#432;&#7899;i v&ugrave;ng 120 USD &ndash; &#273;&acirc;y l&agrave; v&ugrave;ng h&#7895; tr&#7907; nhi&#7873;u n&#259;m &ndash; gi&aacute; c&oacute; th&#7875; r&#417;i v&#7873; 70 USD. Khi &#273;&oacute;, c&aacute;c kho&#7843;n l&#7895; ch&#432;a th&#7921;c hi&#7879;n s&#7869; b&#7883; n&#7899;i r&#7897;ng r&#7845;t l&#7899;n.
Quan &#273;i&#7875;m n&agrave;y c&oacute; c&#417; s&#7903; khi c&aacute;c qu&#7929; ETF Solana <a href="https://vn.beincrypto.com/solana-etf-record-first-outflows-in-4-weeks/" target="_blank" rel="noreferrer noopener">b&#7855;t &#273;&#7847;u ghi nh&#7853;n d&ograve;ng ti&#7873;n r&uacute;t ra l&#7847;n &#273;&#7847;u ti&ecirc;n sau 4 tu&#7847;n</a>, cho th&#7845;y ni&#7873;m tin c&#7911;a nh&agrave; &#273;&#7847;u t&#432; &#273;ang suy y&#7871;u.
D&#7919; li&#7879;u b&#7893; sung ch&#7881; ra r&#7857;ng c&aacute;c c&ocirc;ng ty &#273;&atilde; d&#7915;ng <a href="https://beincrypto.com/learn/buy-solana/" target="_blank" rel="noreferrer noopener">mua th&ecirc;m SOL</a> trong hai th&aacute;ng g&#7847;n &#273;&acirc;y. T&#7893;ng l&#432;&#7907;ng SOL &#273;&#432;&#7907;c c&aacute;c DAT n&#7855;m gi&#7919; g&#7847;n nh&#432; kh&ocirc;ng t&#259;ng th&ecirc;m, v&#7851;n gi&#7919; &#7903; m&#7913;c 17.7 tri&#7879;u.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/aK2tSYw0fBia2N7T5IuF58bPG8c=/smart/14f0dac386bb49678a1aacf76f036641" alt="" class="wp-image-793897">Th&#7889;ng k&ecirc; l&#432;&#7907;ng Solana d&#7921; tr&#7919;. Ngu&#7891;n: <a href="https://sentora.com/research/dashboards/crypto-treasury-tracker" target="_blank" rel="noreferrer noopener nofollow">Sentora</a>

Vi&#7879;c gi&#7843;m t&#7889;c mua v&agrave;o cho th&#7845;y th&#7883; tr&#432;&#7901;ng ng&agrave;y c&agrave;ng th&#7853;n tr&#7885;ng h&#417;n gi&#7919;a n&#7895;i lo v&#7873; r&#7911;i ro.
D&ugrave; v&#7853;y, Forward Industries v&#7851;n gi&#7919; v&#7919;ng quan &#273;i&#7875;m l&#7841;c quan. Doanh nghi&#7879;p tin r&#7857;ng n&#259;m 2026 s&#7869; l&agrave; th&#7901;i &#273;i&#7875;m Solana b&#7913;t ph&aacute;. H&#7885; nh&#7845;n m&#7841;nh Solana &#273;ang c&oacute; k&#7871; ho&#7841;ch n&acirc;ng c&#7845;p m&#7841;nh m&#7869; nh&#7845;t l&#7883;ch s&#7917;, bao g&#7891;m c&#7843; v&#7873; c&ocirc;ng ngh&#7879; v&agrave; h&#7879; th&#7889;ng. M&#7909;c ti&ecirc;u l&agrave; bi&#7871;n Solana th&agrave;nh m&#7897;t &ldquo;Nasdaq phi t&#7853;p trung&rdquo;.
Song song, theo Token Terminal, t&#7927; l&#7879; staking c&#7911;a Solana &#273;&atilde; <a href="https://x.com/tokenterminal/status/2013319688420213067" target="_blank" rel="noreferrer noopener nofollow">&#273;&#7841;t 70%</a>, m&#7913;c cao nh&#7845;t t&#7915; tr&#432;&#7899;c t&#7899;i nay. T&#7893;ng gi&aacute; tr&#7883; SOL stake &#273;&#7841;t kho&#7843;ng 60 t&#7927; USD, g&oacute;p ph&#7847;n &#273;&#7843;m b&#7843;o an ninh cho m&#7841;ng l&#432;&#7899;i.
Nh&#7919;ng &#273;i&#7875;m t&iacute;ch c&#7921;c n&agrave;y ph&#7847;n n&agrave;o l&yacute; gi&#7843;i v&igrave; sao th&#7883; tr&#432;&#7901;ng v&#7851;n ch&#432;a xu&#7845;t hi&#7879;n l&agrave;n s&oacute;ng b&aacute;n th&aacute;o SOL c&#7911;a c&aacute;c DAT. Di&#7877;n bi&#7871;n gi&aacute; SOL nh&#7919;ng ng&agrave;y t&#7899;i s&#7869; th&#7875; hi&#7879;n r&otilde; h&#417;n ph&#7843;n &#7913;ng c&#7911;a c&aacute;c doanh nghi&#7879;p n&agrave;y.