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.

The reported sales and transfer activity comes as SkyAI continues to dispose of its SOL holdings.