Exchanges· ★★★· bearish·

SkyAI sells entire SOL stash, ends Solana treasury strategy

  • —SkyAi sold its last 1 million SOL and now holds no tokens
  • —Company has $228 million in cash, $203 million set for buyback
  • —Forward Industries, holding over 8.5 million SOL, had its takeover bid rejected
Why it matters: A major Solana treasury company dumping its entire position adds selling pressure on SOL and signals a reversal in the crypto-treasury trend.
#SOL
Source: Uzmancoin
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