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Solana’s Upexi In Freefall: Insider Sales Lead To Shocking 60% Plummet

  • Solana's treasury and consumer brand company, Upexi, plunged by 60% following the filing of a registration statement, enabling investors to sell common shares.
  • The filing allows investors to sell their stock, although it doesn't indicate an immediate intent to do so, according to Upexi's CEO, Allan Marshall.
  • In contrast, the broader cryptocurrency market rebounded after President Donald Trump announced a ceasefire between Israel and Iran, leading to gains in Bitcoin, XRP, Solana, and Ethereum.
  • The cryptocurrency market's positive response is attributed to easing tensions in the Middle East, following earlier escalations triggered by an UN report on Iran's nuclear activities.

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