Nasdaq Giant Upexi Goes Bargain Hunting: Snags $7.8M in Solana During Market Slump

Wall Street meets crypto winter—and someone's stocking up on digital firewood.

Upexi just dropped $7.8 million on Solana tokens while prices tanked, proving even traditional finance players can't resist a crypto discount. The Nasdaq-listed company's timing? Either brilliantly contrarian or recklessly early—check back after the next Fed meeting.

Because nothing says 'mature investment strategy' like buying the dip with Monopoly money.

Solana Continues To Glow Red Despite Interest

SOL has had a rough few months this year. The asset climbed to a peak of $293.31 on Jan. 19 of this year, but has fallen by more than 52% since. SOL is currently down by 3.4% in the daily charts, 4.5% in the weekly charts, 3.1% in the 14-day charts, and 19.3% over the previous month. Despite the lackluster performance in 2025, SOL has maintained some gains in the yearly charts, rallying 3.6% since June 2024.

Solana’s (SOL) current predicament could be due to increased volatility in the crypto market. While the market experienced a rebound after de-escalation in the Middle East conflict, we seem to have hit a barrier once again. Bitcoin (BTC) seems to be consolidating at the $107,000 level.

BTC’s rally is likely due to consistent institutional inflows. The lack of retail money may be one reason why the crypto market is struggling. Retail investors are still not confident. The Federal Reserve’s decision to keep interest rates unchanged may have also barred retail investors from taking risky moves.

Solana (SOL) could see an upswing over the coming weeks. The asset has a few spot ETF applications at the SEC. An ETF approval could lead to a spike in institutional money. Given the lack of retail investors, a rise in institutional inflows could be what drives the next SOL rally.

SOL could also see a rally if retail investors regain their confidence. A rate cut could have been the easiest way to bring more confidence to retail players. This possibility seems to be out of the picture for the time being.