SkyAI’s Transfer of 568,000 SOL Raises Concerns Over Market Impact
Key Highlights: SkyAI transferred 568,000 SOL tokens, valued at approximately $63.87 million, to cryptocurrency exchanges. With an estimated average purchase price of $194 per token, SkyAI faces a potential loss of roughly $46 million if the deposited assets are liquidated. SkyAI maintains a substantial portfolio of over 2 million SOL, originally worth approximately $220 million, ...