BREAKING
207d 7h ago

Solana (SOL) Positioned as Ultimate High-Performance Blockchain with $100M Financing Boost

SOL

SOL/USDT

$88.53
+2.64%
24h Volume

$3,875,175,794.90

24h H/L

$89.20 / $86.02

Change: $3.18 (3.70%)

Long/Short
76.5%
Long: 76.5%Short: 23.5%
Funding Rate

-0.0160%

Shorts pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$88.49

1.03%

Volume (24h): -

Resistance Levels
Resistance 3$113.8728
Resistance 2$100.5725
Resistance 1$93.5288
Price$88.49
Support 1$87.525
Support 2$81.3658
Support 3$67.50
Pivot (PP):$87.9733
Trend:Downtrend
RSI (14):30.8

On July 17, Brian Rudick, Chief Strategy Officer at Upexi, highlighted Solana as a leading high-performance blockchain in a recent Decrypt interview. He underscored Solana’s status as a second-generation blockchain leveraging advanced technologies such as parallel transaction processing to deliver superior throughput and scalability. Since its 2020 launch, Solana has developed a robust network effect, reinforcing its position in the crypto ecosystem.

Rudick detailed Upexi’s strategic approach to increasing its SOL token holdings via multiple value accretion strategies, primarily focusing on value-added financing. With the current stock trading above book value, investor appetite remains strong, reflecting confidence in the long-term appreciation potential of SOL. This underpins the rationale behind advancing a $100 million financing round, aligning with prudent capital deployment principles.

Emphasizing risk mitigation, Rudick affirmed Upexi’s commitment to conservative risk management. The company avoids excessive leverage and refrains from engaging in on-chain speculative activities that could elevate smart contract, settlement, or regulatory risks. Additionally, Upexi prioritizes partnerships with qualified custodians to ensure secure decentralized storage, thereby safeguarding shareholder value.

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