Upexi's acquisition of 100,000 SOL and positive analyst projections contribute to renewed momentum for Solana, pushing the token near $200.
Upexi Inc. has acquired an additional 100,000 SOL, raising its total holdings to 1,818,809 SOL valued at approximately $331 million. This purchase was funded through a $200 million equity raise. Upexi's strategy aims to generate up to $26 million annually from staking. Analyst projections suggest SOL could reach $400 to $500 in the current market, with the token trading at $198.33, reflecting a 20% rally over the past week.