TradFi Solana Price Forecast is UPTREND? Solana Treasuries Continue Accumulating SOL
Upexi (UPXI), a firm listed on Nasdaq, announced that its Solana reserves grew by +4.4% to reach 2,106,989 SOL as of October 31, representing an increase of 88,750 SOL since its previous news on September 10.
With Solana’s month-end price at $188.56, Upexi’s assets were estimated to be worth approximately $397 million.
Per the recent press release, the company indicated that it purchased the tokens for a total of $325 million, at an average price of $157.66 per SOL.
This resulted in unrealized gains of nearly $72 million, including price increases, staking benefits, and discounts on locked tokens.
Following a broader market downturn on Monday, Solana dipped by around 15% to a value of approximately $160.94.
Currently, Upexi’s asset valuation is close to $340 million, reducing the paper profit to about $15 million.
This news arrives as digital-asset treasury firms experience significant declines in share prices compared to highs earlier in the year. Upexi’s stock has decreased by approximately -75% from its peak.
(Source: UPXI USDT, TradingView)
Consequently, the ratios of market-cap to net-asset-value have tightened, with Upexi’s adjusted NAV now around 0.7.
Upexi also disclosed an adjusted SOL per share of 0.0187 ($3.52), signifying a +47% increase in SOL and an 82% rise in dollar value since the company commenced its treasury initiative in April with a $100 million private placement led by GSR.
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Solana Price Prediction: Could SOL Sell-off 30-40% If Price floor Breaks?
Recent data from DeFiLlama indicates that there is approximately $10.30 billion locked within DeFi platforms on Solana.
The combined crypto market value of stablecoins on the protocol is around $14.26 billion, with USDC comprising about 65% of that amount.
Trading levels remain robust, as Solana-based DEXs have reported approximately $5.15 billion in volume over the last 24 hours.
Nevertheless, the pricing trends appear delicate. SOL is currently testing a long-standing weekly trendline that has supported its ascent since 2023.
The chart indicates a series of higher lows over the previous year, but recent candles suggest waning momentum as prices approach the $150–$160 range.
You can literally see story on that $SOL
Months of clean higher lows, now hanging right on edge of the trendline that is held since 2023.
If this breaks, trust me there’s no magic it’s a 30–40% slide straight into next available volume zone.
And yet, people are still trying to buy the… pic.twitter.com/JkZoPxrvZH— Henry (@LordOfAlts) November 4, 2025
Should this support falter, the decline could occur swiftly. The analyst cautions that a breakdown could result in a 30–40% plunge, aligning with a liquidity area around $100–$120.
One chart observation indicates the downside could be closer to 36%, highlighting the market’s vulnerability if buyers fail to intervene.
SOL has also encountered repeated challenges breaking resistance near $225, creating lower highs since mid-2025.
This trend suggests that sellers remain dominant. The pivotal marker going forward is the trendline: either maintain and bounce back or lose it and experience a deeper decline. Currently, the sentiment is cautious.
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The post TradFi Solana Price Prediction is UPTREND? Solana Treasuries Keep Stacking SOL appeared first on 99Bitcoins.
