Solana and XRP are showing unprecedented losses compared to Bitcoin and Ethereum. On-chain data from Glassnode shows that the majority of owners of SOL and XRP remain 65 to 75% of the loss in the event of an unknown loss. This shows a weak spot in altcoins and a slow recovery.
SOL and XRP Holders in Heavy Losses
According to Market Relative Unexpected Loss ChartThe loss of SOL is around 0.8, while XRP hovers around 0.3. In comparison, Bitcoin and Ethereum are around 0.1 or lower.
This clearly shows that the majority of SOL and XRP are still losers, while BTC and ETH are in the best position.
SOL always shows high spikes in unexpected losses, especially during major downturns such as late 2022 and in 2026. These spikes indicate periods of panic where a large portion of owners entered at high prices and are now taking losses.
XRP rose by about 0.6 at the same time. BTC and ETH, in contrast, have never crossed above 0.5 even during the most difficult periods on this chart.
Rushing to the current trends of 2026, Bitcoin it has dropped from its peak of about $126K to about $74K. At this drop, Solana and XRP are also falling more than Bitcoin and other major currencies, showing a significant loss compared to the market leader.
Solana & XRP Face Weak Demand and Bearish Signals
However, it’s not just based on price charts, chain data and derivatives also show weakening demand and a bearish market setup.
Solana is under pressure as corporate and retail interest rates continue to fade. Solana ETFs have seen three straight weeks of outflows, while this week’s outflows remain the weakest. Resale activity is declining.
This weakness is reflected in the peripheral vessels. Solana’s preferences he has come down 4.57% to $4.98 billion, while cash flow has changed by -0.0046%, reflecting a shift to short-term assets. The long-short ratio of 0.9798 also confirms a slight bias.
As a result, SOL is now near $83.44, down about 72% from its peak of $294.96.
XRP shows a similar trend but less so. The ETF is going they have slowed down, showing the weakness of the institutions, although the output remains low.
In derivatives, XRP Open Interest is is 2.87% to $2.48 billion, and currency rates at -0.0006% indicate short-term stability. XRP is trading around $1.35, down about 65% from its all-time high of $3.82.
Why Bitcoin & ETH Are Recovering Fast
Bitcoin is doing well because money starts flowing into it when the market starts to recover. When the market is a bit better, investors often choose Bitcoin first as it is the safest and most reliable crypto.
This is why Bitcoin has been stable around $74K.
Ethereum is in the middle, not as strong as Bitcoin, but still doing better than most altcoins.
On the other hand, Solana and XRP are still under pressure and are facing big losses, so they are not recovering quickly.
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