crypto Queen Abrash

07/12 08:08

Solana Network Sees Sharp Increase in Supply and D

Solana Network Sees Sharp Increase in Supply and Demand

The Solana network has seen a significant increase in network activity, driven by increased demand from retail traders, large investors, and corporations. It’s safe to say that much of the optimism surrounding Solana is due to the sharp increase in supply and demand, driven by the platform’s growing popularity among institutional investors.

Earlier on Friday, Upexi Inc. (NASDAQ: UPXI) announced that it had raised $200 million through a private placement of common stock and convertible notes to acquire additional Solana coins for its treasury portfolio. According to Allan Marshall, the company’s CEO, Upexi plans to have 1.65 million SOL coins, worth $273 million, on July 16.

Upexi joins a growing list of companies that have adopted Solana for treasury asset management, including SOL Strategies.

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