- The Upexi share lost almost 60%after 43.85 million shares for resale were registered.
- The market reacts to the Solana swivel in the middle of the concern for a strong dilution.
The company upexi registered in Florida, a small cap company in the area of electronic trade, was exposed to a brutal sale on Tuesday at the beginning of the market. The stock fell by more than 60%after 43.85 million shares were registered for resale, which corresponded to the company’s original IPO in April. The investors reacted positively because they expected a rush to the available shares, which immediately led to fears regarding a dilution.
The trigger was a submitted on Monday Brochurewho confirmed that the shareholders are currently planning the sale of 35.97 million ordinary shares and 7.89 million shares that meet the pre -financed option certificates.
Upexi will only receive $ 7,890 for the option certificates. The share was traded at $ 9.25 at the end of the stock market on Monday, which corresponds to an evaluation of $ 379 million for Upexi. At the openingon Tuesday sankHowever, the commandments under $ 4.
While CEO Allan Marshall pointed out that registration not The market has a sale on the first day not Waited. The strong decline is a sign of the concern of investors , in particular With regard to the conversion of the business model that still not can be proven.
Solana financial plan under pressure
The swivel of Upexi Was strong and abrupt. In April, the company set up a Solana stock plan worth $ 100 million and has deviated from its basic orientation as a consumer brand.
The new approach was initiated with the first Solana purchase of 45,733 tokens on April 29. The inventory grew to 679,677 Sol within just four weeks, which was made possible by discounted free purchases.
While Upexi was one of the largest public Solana owners, Was the crown at a high price acquired. The registered equity sales come after the crypto -based reversal. Despite the dementia, the closeness and the accumulation within the stock register and the treasure office much Attention. The question Is now ob the company can juggle with the market mood and compensate for the new direction.
The analysts of Cantor Fitzgerald, die have a price target of $ 16 for upexi himself enthusiastic When they Future From Solana with the From Ethereum compared based on the smaller market capitalizationFrom Solana and the greater network activity. However, public sale can question this optimism if Upexi does not provide tangible evidence of its methodology.
Solana develops further
Solana still does Waves in the Cryptowelt. Is becomes currently traded at $ 147.30 and is in it last 24 hours increased by a good 2%better than most old coins.
Anthony Scaramuccithe entrepreneur behind Skybridge Capital, was recently Seen as he saidis believe fest on the fact that Solana The market evaluation of Ethereum can exceed. On the occasion of DigiStets 2025, he explained that Skybridge is currently size Solana, Bitcoin and Avalanche hold shares.
The market capitalizationfrom Sol lies at $ 77.9 billion, but stays far behind the From Ethereum back with $ 294.75 billion. The Sol- and Ethereum courses have so far dropped by 23.2 and 24.75 percent this year. Despite it the mood is generally positive what the Future prospects From Solana regards.
For Upexi, however, it is risky to rely on SOL in the middle of structural changes. In combination with the latest leadership changes, excited investors and falling Stock prices must the company nun prove that his crypto -specific strategy can be successful.
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