Add as a preferred source on GoogleSkyAI Sells 1 Million SOL Worth About $107 Million
The entity disclosed the sale as its remaining SOL position showed more than $160 million in unrealized losses based on an average purchase price of about $194.
SkyAI has disclosed the sale of 1 million Solana (SOL) worth about $107 million, adding pressure to a position carrying more than $160 million in unrealized losses.
The entity said it may continue selling SOL. Its average purchase price was about $194 per token, leaving the holdings with a loss exceeding $160 million at the reported valuation.
Blockchain transfers show 1.57 million SOL moved from SkyAI-linked holdings since October began, with those transfers valued at about $175 million. SkyAI had previously held 2 million SOL worth roughly $214 million.
The disclosed sale marks a significant reduction in the position, while the potential for additional sales leaves further transfers as the next development to watch.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.