Nasdaq-listed Solana treasury agency Upexi (UPXI) stated its Solana reserves rose +4.4% to 2,106,989 SOL as of Oct. 31, a rise of 88,750 SOL since its final replace on Sept. 10.
At Solana’s month-end worth of $188.56, Upexi’s holdings had been valued at about $397M.
In keeping with the press launch, the corporate stated it acquired the tokens for $325M in complete, at a median value of $157.66 per SOL.
That positioned unrealized beneficial properties close to $72M, reflecting worth beneficial properties, staking rewards, and a reduction from locked tokens.
After the broader market decline on Monday, Solana fell roughly 15% to about $160.94.
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The worth of Upexi’s holdings now sits close to $340M, trimming the paper revenue to roughly $15M.
The replace comes as digital-asset treasury corporations face sharp share-price declines from highs earlier this yr. Upexi’s inventory is down about -75% from its peak.
(Supply: UPXI USDT, TradingView)
Consequently, market-cap-to-net-asset-value ratios have tightened, with Upexi’s modified NAV now round 0.7.
Upexi additionally reported an adjusted SOL per share of 0.0187 ($3.52), representing a +47% acquire in SOL and 82% in greenback phrases for the reason that firm launched its treasury effort in April via a $100M personal placement led by GSR.
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Solana Value Prediction: Might SOL Value Drop 30-40% If Assist Breaks?
On Solana, contemporary figures from DeFiLlama present about $10.30Bn locked throughout DeFi platforms.
(Supply: DefiLlama)
Stablecoins on the community complete roughly $14.26Bn in market worth, and USDC makes up about 65% of that share.
Buying and selling exercise is powerful. Solana-based DEXs processed round $5.15Bn in quantity over the previous day.
Value motion, nevertheless, seems to be fragile. SOL is now retesting a long-running weekly trendline that has supported its rise since 2023.
The chart nonetheless exhibits a clear stretch of upper lows over the previous yr, however latest candles level to fading energy as worth drifts towards the $150–$160 zone.
You’ll be able to actually see story on that $SOL
Months of fresh increased lows, now hanging proper on fringe of the trendline that’s held since 2023.
If this breaks, belief me there’s no magic it’s a 30–40% slide straight into subsequent liquidity zone.And but, persons are nonetheless making an attempt to purchase the… pic.twitter.com/JkZoPxrvZH
— Henry (@LordOfAlts) November 4, 2025
If this help offers approach, the transfer might flip quick. The analyst warns {that a} breakdown could result in a 30–40% drop, lining up with a liquidity pocket close to $100–$120.
One chart word marks the draw back nearer to 36%, underscoring how uncovered the market might turn out to be if consumers fail to defend.
SOL has additionally failed a number of occasions to push previous resistance round $225, forming decrease highs since mid-2025.
That sample exhibits sellers are nonetheless in management. From right here, the trendline is the important thing marker: maintain and bounce, or lose it and slide deeper. For now, the temper leans cautious.
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The publish TradFi Solana Value Prediction is BULLISH? Solana Treasuries Preserve Stacking SOL appeared first on 99Bitcoins.
