Upexi’s stock price fell 60% to below 4.00 USD following the registration of 43.85 million shares for resale. This significant drop comes as investors plan to offload 35.97 million common shares and 7.89 million shares linked to pre-funded warrants.
Despite the downturn, Cantor Fitzgerald analysts maintain a bullish outlook, setting a price target of 16.00 USD for Upexi. They believe Solana’s growth potential and active market presence justify this optimism.
Upexi initiated a Solana treasury, aiming to capitalize on growth within the crypto market. The company’s shares have faced significant challenges, but there remains hope as they engage deeply in the Solana ecosystem.
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