SkyAI Transfers 211,623 SOL to Coinbase Prime as Reserves Shrink

SkyAI transferred 211,623 Solana (SOL) tokens to Coinbase Prime around 7:36 a.m. ET (11:36 UTC) Monday, adding to a five-day reduction of about 1.25 million SOL from the treasury company’s reserves. SkyAI announced Sunday that it had sold about 1 million SOL in recent activity. Including Monday’s transfer, the company has sold or moved roughly 1.25 million SOL, valued at about $138 million. SkyAI holds about 2 million SOL, making the activity a significant reduction in its reported token reserves. The latest transfer went to Coinbase Prime. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost