According to BlockBeats, shares of Upexi, a publicly traded company on the U.S. stock market, experienced a significant drop of 61.2% during trading, with the current price at $3.85. Upexi had previously raised $100 million to establish a Solana treasury and currently holds 679,677 SOL tokens.
The decline in stock value is attributed to investors registering the sale of 43.85 million shares, a quantity equivalent to the company's initial circulating shares in April, as disclosed by TheBlock.
