🚨【Warning】Solana Treasury Stock Upexi Plummets 60% in One Day! Is Wall Street's 'Buy' Rating a Joke?
Last night, U.S. listed $UPXI (Upexi) flash crashed over 60% during trading, closing at only $3.97. Ironically, just a week ago, Wall Street investment bank Cantor set a target price of $16, boasting that 'Solana is the future of finance.' What happened? Early investors collectively fled, with 43.85 million shares resold, crashing the stock—this company’s price skyrocketed 600% in April with the story of 'going all in on SOL'.
Upexi is not an isolated case. All Solana Treasury stocks rated 'Buy' by Cantor have been wiped out:
$DEFI (DeFi Development) has fallen 53% from its peak
$SOLS (Sol Strategies) has fallen 60% from its peak
Ethereum version of MicroStrategy $SBET (SharpLink) is in worse shape, with a single-day drop of 70% following PIPE sell pressure.
📌 My Opinion:
1️⃣ Wall Street's 'Buy' may be toxic: These companies have poor fundamentals (Upexi’s market cap once dropped to only $3 million, nearing delisting), relying on the SOL narrative to pump their prices, while institutions supported the bullish narrative, leaving retail investors with losses.
2️⃣ The 'Treasury Model' is essentially a leveraged gamble: raising funds to hoard coins → stock price skyrockets → early cash-outs, leaving only the retail investors behind.
3️⃣ New retail investors are still rushing in: $NA (Nano Labs) just announced a $500 million fundraising to hoard BNB, immediately rising 65% pre-market; eye drug company $EYEN transformed into 'HYPE Reserve' with a single-day surge of 134%... History repeats itself, just with a different token name.
⚠️ Reminder:
These 'coin stocks' are extremely volatile; do not FOMO into chasing highs.
Pay attention to SEC filings (such as S-3/PIPE), large resale registrations = sell-off warning.
