Upexi, a Solana Treasury Company Listed on the US Stock Market, Plunges 61.2% Intraday as Investors Register to Sell 43.85 Million Shares

According to Jinse Finance, market data shows that U.S.-listed Solana treasury company Upexi plunged 61.2% intraday, with its current share price at $3.85. Upexi previously raised $100 million to establish a Solana treasury and currently holds 679,677 SOL. As reported by The Block, the decline was triggered by investors registering to sell 43.85 million shares, an amount equivalent to the company’s initial outstanding shares in April.