Markets· ★★★· bearish·

SOL treasury firm SKYA moves out 468,000 SOL worth $51.1M in a day

  • —468,000 SOL worth $51.1M moved out in one day
  • —218,000 SOL sent to multiple centralized exchanges
  • —250,000 SOL transferred to institutional platform BitGo
  • —Company reported over 2 million SOL on September 14
Why it matters: The transfers to exchanges and BitGo may signal a sale of reserves, adding pressure on SOL's price.
#SOL
Source: PANews
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