SkyAI moves 568,000 SOL to exchanges in 3 days, facing ~$46M loss
- —568,000 SOL (~$63.87M) moved to exchanges, about 28% of SkyAI's holdings
- —SkyAI's average purchase price is ~$194 versus the current $109.62
- —Selling now would mean an estimated loss of ~$46 million
- —SOL fell just 0.59% in 24 hours as the market has yet to react
Why it matters: Further exchange inflows could add selling pressure on SOL, which trades 58% below its all-time high.
Source: Siam Blockchain