Wallets linked to SkyAI (SKYA), a Nasdaq-listed company described as a SOL treasury firm, moved 468,000 SOL over the past 24 hours, according to monitoring by EmberCN cited by BlockBeats. At current prices, the transferred tokens were worth about $51.1 million. Of that total, 218,000 SOL went to multiple centralized trading platforms, while another 250,000 SOL was sent to BitGo, an institutional crypto asset service platform. A filing released by SkyAI on Sept. 14 showed the company held more than 2 million SOL in reserves at that time. The transfers do not by themselves confirm that SkyAI has sold SOL, and the destination of the funds is not enough to directly prove that any reduction in holdings has already been completed.
Wallets linked to SkyAI (SKYA), a Nasdaq-listed SOL treasury company, transferred 468,000 SOL in the past 24 hours, according to EmberCN monitoring cited by BlockBeats on Oct. 10. Based on current prices, the moved tokens were worth about $51.1 million.
Of the total, 218,000 SOL was sent to multiple centralized trading platforms. Another 250,000 SOL was transferred to BitGo, an institutional crypto asset service platform.
A latest filing released by SkyAI on Sept. 14 showed that the company held more than 2 million SOL in reserves at the time.
For now, it remains unclear whether the transfers mean SkyAI is selling SOL. The observed fund flows also do not directly prove that the company has already completed any reduction in its holdings.
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