Is SkyAI preparing to SELL $SOL at a loss, or is there another plan behind these transfers? $64M IN SOLANA MOVED TO EXCHANGES — IS SKYAI CUTTING ITS EXPOSURE?
SkyAI, formerly known as Sharps Technology, is making some notable moves with its SOL holdings.
Over the past three days, the company has reportedly transferred more than 568,000 #sol worth around $63.87 million to exchanges. That’s a sizeable chunk of its treasury moving onto trading platforms.
Here’s where it gets interesting: SkyAI reportedly holds over 2 million SOL, with an average purchase price around $194 per token. If the transferred #SOL is sold at current levels, the potential loss could be roughly $46 million. 💸
But there’s a catch ---- exchange transfers don’t automatically mean a sale has happened. The company could be repositioning its holdings or preparing for other transactions.
Still, with millions of dollars’ worth of SOL on the move.
SkyAI, formerly known as Sharps Technology, is making some notable moves with its SOL holdings.
Over the past three days, the company has reportedly transferred more than 568,000 #sol worth around $63.87 million to exchanges. That’s a sizeable chunk of its treasury moving onto trading platforms.
Here’s where it gets interesting: SkyAI reportedly holds over 2 million SOL, with an average purchase price around $194 per token. If the transferred #SOL is sold at current levels, the potential loss could be roughly $46 million. 💸
But there’s a catch ---- exchange transfers don’t automatically mean a sale has happened. The company could be repositioning its holdings or preparing for other transactions.
Still, with millions of dollars’ worth of SOL on the move.