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

The Solana treasury company has sold or transferred about 1.25 million SOL worth $138 million over the past five days.

Mentioned assets
Purple and green metal tokens beside a secured vault door / TokenPost.ai
Purple and green metal tokens beside a secured vault door / TokenPost.ai

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.

The transfers reduced SkyAI’s reported Solana holdings.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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