According to market data from ChainCatcher, the Nasdaq-listed Solana treasury company Upexi plummeted 61.2% during trading, with its stock price currently at $3.85. Previously, Upexi raised $100 million to establish a Solana treasury and currently holds 679,677 SOL.
As disclosed by TheBlock, the decline was due to investors registering to sell 43.85 million shares, equivalent to the company's initial circulating shares in April.

