Exchanges· ★★★· bearish·

Solana treasury firm SkyAI liquidates reserves, sends 211,623 SOL to Coinbase Prime

  • —SkyAI transferred 211,623 SOL to Coinbase Prime
  • —About 1.25 million SOL worth $138 million sold in five days
  • —SkyAI announced the sale of roughly 1 million SOL yesterday
  • —The company originally held 2 million SOL in reserves
Why it matters: The unwind by a major Solana treasury holder adds selling pressure on SOL and signals an institutional exit.
#SOL
Source: PANews
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