According to BlockBeats, on August 16, according to The Block, Coinbase analyst David Duong said: "It is expected that investors in the crypto market will continue to be cautious about their risk exposure in the coming weeks. Currently, ETH and SOL show higher beta values of about 0.85 and 0.83 respectively, showing higher sensitivity to the overall crypto market."
David Duong pointed out that ETH and SOL have been the main "beta investments" in the crypto market, showing greater volatility than the overall market.