SkyAI Reveals Liquidation of 2 Million SOL, Leaving $223.8M

SkyAI liquidated over 2 million SOL, raising $223.8M in cash. Shareholders demand accountability after the abrupt sale. SkyAI has confirmed the liquidation of over 2 million SOL, leaving approximately $223.8 million in cash. This decision, announced on October 19, comes just four days after the company reaffirmed its commitment to its Solana digital asset treasury strategy. As a result, shareholders, particularly those represented by Bastion Trading, are demanding accountability for the abrupt sales, highlighting potential governance issues. Source The recent developments surrounding SkyAI have significant implications for the Solana ecosystem.

Source: Coinfomania