On-chain analyst Yu Jin says addresses linked to SOL treasury company SKYA (Nasdaq: SKYA) moved 468,000 SOL worth $51.1m in a day, with 218,000 SOL sent to several centralised exchanges and 250,000 SOL to BitGo. A 14 September filing showed SKYA held over 2m SOL.
SKYA-linked addresses move 468,000 SOL worth $51.1m, on-chain analyst says
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OdailyThe story so far: SkyAI Solana treasury sales
On-chain analysts tracked SkyAI moving large amounts of SOL to exchanges, and SkyAI confirmed selling about 1m SOL, roughly half its holdings, to fund a cash tender offer. It has now sold its entire Solana holding, holds $223.8m in cash and has begun a buyback worth up to $201.3m.
SKYA-linked addresses move 468,000 SOL worth $51.1m, on-chain analyst says
On-chain analyst Yu Jin says addresses linked to SOL treasury company SKYA (Nasdaq: SKYA) moved 468,000 SOL worth $51.1m in a day, with 218,000 SOL sent to several centralised exchanges and 250,000 SOL to BitGo. A 14 September filing showed SKYA held over 2m SOL.
SkyAI moves 211,623 SOL to Coinbase Prime as it clears reserve
On-chain analyst Yu Jin says Solana treasury company SkyAI, which held 2m SOL, transferred 211,623 SOL to Coinbase Prime. After announcing about 1m SOL sold recently, its five-day sales total roughly 1.25m SOL, worth $138m.
SkyAI says it has sold about 1m SOL and may cut its holdings further
Lookonchain monitoring cited by PANews on 13 October showed SOL treasury company SkyAI moved out 1.57m SOL this month, worth about $175m, against an average purchase price of about $194. SkyAI confirmed it recently sold about 1m SOL, roughly half its original holdings, and may sell more of its remaining 1m SOL to fund a cash tender offer for shares and warrants.
SkyAI sells all its SOL and starts buyback of up to $201.3m
Solana treasury company SkyAI, formerly Sharps Technology, has sold its entire Solana holding, which fell from more than 2m SOL in September to zero on 16 October. It now holds $223.8m in cash and has begun a buyback worth up to $201.3m at $3 per share or warrant.
SkyAI sells entire 2 million Solana stake, holdings now zero
SkyAI has sold its entire stake of 2 million Solana tokens, leaving its holdings at zero.
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