Solana slips below $110 as SkyAI offloads SOL at a loss

• —SOL trades at $108.30, down 3.5% in 24 hours and 13% year-to-date
• —SkyAI sold 1 million SOL worth $107 million in two days, 1.57 million SOL moved in total
• —SkyAI's unrealized loss exceeds $160 million at an average purchase price of $194
• —SkyAI launched a buyback of up to 95% of shares at $3, contingent on SOL staying above $100