Data: U.S. stock Solana treasury company Upexi plummeted 61.2% during trading, with investors registering to sell 43.85 million shares

ChainCatcher news, according to market data, U.S. listed Solana treasury company Upexi plummeted 61.2% during trading, with the current stock price at $3.85. Upexi had previously raised $100 million to establish the Solana treasury and currently holds 679,677 SOL.

According to TheBlock, the decline was due to investors registering to sell 43.85 million shares, which is equivalent to the company's initial outstanding shares in April.