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Upexi shares drop 8.16% after Q3 loss widens due to Solana asset write-downs.

Market News
13 May 2026
Crypto news
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Bearish
pluang ai news

Upexi reported a net loss of $109.3 million in Q3, mainly due to $92.3 million in unrealized losses on its Solana digital assets. Despite the loss, the company increased its Solana holdings by 189,000 tokens to 2.5 million and saw revenue rise to $4.6 million, driven by staking activity. CEO Allan Marshall noted challenges from Solana's price drop and a tough crypto market but highlighted efforts like share repurchases and debt reduction. Upexi remains the second-largest public Solana treasury holder behind Forward Industries, which holds over 7 million tokens.

More News

Vietnam Tech Summit 2026 in Silicon Valley connects Vietnamese tech talent with AI leaders and top companies.

Vietnam Tech Summit 2026 in Silicon Valley connects Vietnamese tech talent with AI leaders and top companies.

Vietnam Tech Summit 2026, held August 7-8 at the Computer History Museum in Silicon Valley, is the largest Vietnamese-led tech event in the U.S., focusing on AI's impact on technology careers. The summit offers company tours at Google, Microsoft, Net...

Others
Neutral
2 hours ago
Bitcoin drop triggers 21.6% slide in Mantle prices, signaling bearish trend and potential further decline.

Bitcoin drop triggers 21.6% slide in Mantle prices, signaling bearish trend and potential further decline.

Bitcoin fell 8.6% this week, dragging Mantle (MNT) prices down 21.6% amid rising inflation concerns and a sell-off in crypto markets. Mantle broke key long-term support at $0.55, confirming a bearish trend with technical indicators suggesting further...

Technical Signals
Bearish
4 hours ago
Pi Network token trades near all-time low; reclaiming $0.20 needs 60% gain amid supply and demand challenges.

Pi Network token trades near all-time low; reclaiming $0.20 needs 60% gain amid supply and demand challenges.

Pi Network's token is trading near its all-time low around $0.12, down about 95% from its peak. The key challenge is a persistent oversupply due to scheduled token unlocks combined with thin trading liquidity and weak demand. To reach $0.20, a roughl...

Market News
Neutral
4 hours ago
Spear Alpha ETF shows strong growth but faces valuation and quality risks, rated Hold.

Spear Alpha ETF shows strong growth but faces valuation and quality risks, rated Hold.

The Spear Alpha ETF (SPRX) targets innovative industrial tech stocks and has delivered a 9.2% active return from September 2021 to May 2026, outperforming the IVV benchmark. Its portfolio of 28 stocks shows robust growth, especially a 57.7% forward E...

Analyst Insights
Neutral
4 hours ago
XRP nears $1 amid selling pressure despite $1.44B ETF inflows and XRPL ecosystem growth.

XRP nears $1 amid selling pressure despite $1.44B ETF inflows and XRPL ecosystem growth.

XRP is sliding toward the $1 mark after its weakest weekly performance among major cryptocurrencies, down about 8% in the past week and 21.5% over 30 days. Despite this, $1.44 billion has flowed into XRP spot ETFs, indicating institutional interest t...

Market News
Bearish
4 hours ago
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