SkyAI confirms selling ~1M SOL, ~50% of holdings, to fund up to $201M share buyback

SOL treasury company SkyAI (Nasdaq: SKYA) confirmed it is selling approximately 1M SOL, nearly 50% of its holdings, and plans to buy back up to $201M of its shares and warrants. On-chain monitors estimate SkyAI has sold or transferred to exchanges ~1.25M SOL (~$138M) over five days, including a fresh 211,623 SOL transfer to Coinbase Prime, appearing to sell at a loss against an average purchase price of ~$194.

Detected & updated continuously · Source: Nebula