SkyAI Sells Approximately 1 Million SOL, Likely to Continue Reducing Holdings

SkyAI has transferred 1.57 million SOL this month, valued at approximately $175 million, with an average purchase price of about $194, resulting in an estimated loss of over $160 million. The company announced that it has sold around 1 million SOL, accounting for about 50% of its original holdings, and still holds about 1 million SOL, which may be sold depending on market conditions. The proceeds from the sale are intended for a cash tender offer to repurchase shares and warrants. The on-chain transfer volume does not equate to the actual sale volume.

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