Solana is underperforming its blue chip counterparts—like Bitcoin, Ethereum, and XRP—because it’s primed to take a bigger hit when investors deleverage and take profits, analysts told Decrypt. “According to CoinGlass data, over the past 24 hours, market-wide liquidations exceeded $290 million, with highly leveraged and less liquid assets seeing sharper drawdowns—Solana being a prime example,” said Dean Chen, an analyst at crypto exchange Bitunix.