SkyAI Moves 1.25 Million SOL Through Sales and Exchange Transfers

SkyAI, a Solana treasury firm, has sold or transferred roughly 1.25 million SOL over five days, moving about $138 million worth of the token through sales and exchange deposits. SkyAI announced on Oct. 11 that it had recently sold about 1 million SOL. It later transferred another 211,623 SOL to Coinbase Prime, bringing the five-day total of sold or exchange-bound tokens to approximately 1.25 million SOL. The firm previously held about 2 million SOL, making the reported activity a significant reduction from that stated reserve. The transactions involve Solana (SOL), the native token of the Solana network.

Source: TokenPost