Upexi (UPXI), a Nasdaq-listed Solana financial company, announced that its Solana reserves increased +4.4% to 2,106,989 SOL as of October 31, an increase of 88,750 SOL since the last update on September 10.
Solana’s month-end price of $188.56 values Upexi’s holdings at approximately $397 million.
According to press release, The company announced that it acquired the tokens for a total of $325 million, with an average cost per SOL of $157.66.
Unrealized profits were nearly $72 million, reflecting price appreciation, staking rewards, and discounts from locked tokens.
Solana fell about 15% to about $160.94 following Monday’s market-wide decline.
The value of Upexi’s holdings now stands at nearly $340 million, reducing paper profits to around $15 million.
The latest information comes as the digital asset treasury company faces a steep decline in its stock price from highs earlier this year. Upexi stock is down about -75% from its peak.
(Source: UPXI USDT, TradingView)
As a result, the market capitalization to net asset value ratio has contracted, and Upexi’s adjusted NAV is now approximately 0.7.
Upexi also reported an adjusted SOL per share of 0.0187 ($3.52). This is an increase of +47% in SOL and 82% in dollar terms since the company began financing activities in April through a $100 million private placement led by GSR.
Read more: Top 20 cryptocurrencies to buy in 2025
Solana Price Prediction: If support breaks, could SOL price fall by 30-40%?
Solana has around $10.3 billion locked across DeFi platforms, according to the latest numbers from DeFiLlama.
(Source: Defilama)
The total market value of stablecoins on the network is approximately $14.26 billion, with USDC accounting for approximately 65% of that share.
Trading activity is strong. The Solana-based DEX processed approximately $5.15 billion in trading volume in the past day.
However, price movements look fragile. SOL is currently retesting the long-term weekly trend line that has supported its rally since 2023.
The chart shows a still clean run of higher lows over the past year, but recent candlesticks show less strength as the price moves towards the $150-$160 zone.
You can literally see the story about it $SOL
It has made clean lows for several months and is currently hanging on the edge of the trend line that has held since 2023.
If this falls apart, trust me there is no magic. 30-40% slides straight into the next liquidity zone.
Despite this, people are still trying to buy… pic.twitter.com/JkZoPxrvZH— Henry (@LordOfAlts) November 4, 2025
If this support collapses, there is a possibility of a sudden change in movement. Analysts have warned that a failure could lead to a 30% to 40% drop, with liquidity pockets around $100 to $120.
One chart note shows a downside of close to 36%, highlighting how at risk the market could be if buyers fail to defend themselves.
SOL also failed several times to break out of the resistance around $225, forming its lowest price since mid-2025.
This pattern shows that sellers are still in control. From here on, the trend line becomes an important marker. Hold and bounce or lose the trend line and slide deeper. For now, the mood is cautious.
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