Solana Targets $190 Amid Upexi’s $1 Billion Fundraising and Strong ETF Inflows

• Upexi (NASDAQ: UPXI) filed an S‑3 to raise up to $1 billion, expanding its Solana ($SOL) holdings.
• Solana ETFs saw a $7.4 million inflow, showing rising institutional interest.
• Analysts note a key support zone for SOL, with potential rebounds to $170–$190.

Upexi, Inc. (NASDAQ: UPXI) has filed an S-3 registration statement with the SEC, allowing the company to raise as much as $1 billion in cash or other securities. This shows that Upexi is positioning itself for an expansion of their Solana (SOL) holdings, which contributes to their strategy of amassing one of the largest SOL holdings among Nasdaq-listed companies.

Source: Crypto Crib

The money allows Upexi to acquire more SOL tokens and stake them for yield while leveraging potential upside from market value. It represents a significant turning point for Upexi’s blockchain investment strategy as market participants increasingly invest in blockchain exposure. The application provides for flexibility in rapid investment, implying confidence in Solana’s future prospects.

Also Read: Solana Faces Selling Pressure, Potential Recovery Zone Between $100–$115

Solana ETF Inflows Highlight Institutional Confidence

However, the crypto analyst, curb.sol, highlighted that Solana (SOL) ETFs attracted a net amount of $7.4 million yesterday, marking increased interest among institutional investors. The money influx represents trust and faith in Solana’s fast and scalable blockchain technology, which is dominant within DeFi, Web3, and NFT applications. Market analysts believe this trend is supportive and indicates that institutional investors are positioning themselves for potential growth.

Source: curb.sol

Institutional investment via ETFs means that there is not a direct ownership of tokens. The latest investment is one of the largest that has been made this year for Solana investment via ETFs. With the continued development of the Solana ecosystem and upgrades, institutional investment is expected to drive the sentiment and prices, which will further strengthen Solana within crypto.

Solana Must Defend Key Support to Break Above $190

Moreover, the crypto analyst CryptoBullet revealed that Solana (SOL) is actually testing an important support area, which is also a level that has served as strong support in the past. Analysts believe that the token is likely to hold strong at present and also form a lower high, leading to an upcoming short-term rebound.

Source: CryptoBullet

Looking forward, in the event the support is snapped next year, the price of SOL is poised to experience further drops. In the short run, there is a forecast of a rebound, and the price is likely to target between $170 and $190. This would provide traders with some reprieve. However, what happens at this critical point would define the long-run market sentiments.

Also Read: Solana (SOL) Holds Critical Support Near $128, Next Price Move in Focus