$SOL : Major bearish news—is the price about to break below the $100 mark?
SKYA, a small-cap digital asset treasury company, currently has an asset value that depends heavily on the price of SOL. This round of buybacks is conditional on SOL staying above $100; otherwise, the cash buyback will be off the table.
Selling SOL at a loss to fund the share buyback is a minor short-term negative for Solana. If the buyback falls through, they may sell more SOL, potentially triggering panic selling.
But in the medium to long term, you could say it has no impact at all. This isn’t a project token unlock or a major sell-off by a large holder. Once the bearish news is priced in, even a slight dip could attract new buyers looking to buy the dip and support the price.
No big deal—dips are better entry opportunities!
#sol
SKYA, a small-cap digital asset treasury company, currently has an asset value that depends heavily on the price of SOL. This round of buybacks is conditional on SOL staying above $100; otherwise, the cash buyback will be off the table.
Selling SOL at a loss to fund the share buyback is a minor short-term negative for Solana. If the buyback falls through, they may sell more SOL, potentially triggering panic selling.
But in the medium to long term, you could say it has no impact at all. This isn’t a project token unlock or a major sell-off by a large holder. Once the bearish news is priced in, even a slight dip could attract new buyers looking to buy the dip and support the price.
No big deal—dips are better entry opportunities!
#sol