Current outcome
SkyAI is liquidating its SOL reserves, having sold roughly 1.25 million SOL (~$138M) over five days to fund a buyback of 95% of its outstanding shares.
Progress timeline
2 material updates- #01
SkyAI, which holds over 2M $SOL($220M), appears to be dumping $SOL at a loss!
On-chain data shows SkyAI, a holder of over 2M SOL (~$220M), has moved 568,000 SOL (~$63.87M) to exchanges in three days, apparently realizing a loss of roughly $46M against a ~$194 average entry.
Source evidence: lookonchainchannel
- #02
🔍 链上侦探 | SOL财库公司SkyAI正清算其SOL储备，5天累计卖出约125万枚SOL
SkyAI is liquidating its SOL reserves, having sold roughly 1.25 million SOL (~$138M) over five days, including a 211,623 SOL transfer to Coinbase Prime; the company announced the sale is to fund a buyback of 95% of its outstanding shares.
State after update: SkyAI is liquidating its SOL reserves, having sold roughly 1.25 million SOL (~$138M) over five days to fund a buyback of 95% of its outstanding shares.
Source evidence: theblockbeats · foresightnews