Bought at an average of $194, sold at $107—I've got this down
SkyAI once held 2 million SOL at an average cost of $194. It has now sold 1 million tokens, cashing out for $107 million—working out to a sale price of around $107 each. The announcement casually added that it "may continue selling," while 1.57 million tokens have already been transferred on-chain. A $160 million unrealized loss—the sell-off says a lot more than the announcement does.
That $160 million hole will ultimately be filled one shovel at a time by SOL bulls who bought at the top. And they haven't even finished dumping the remaining few hundred thousand tokens.
Those of you holding SOL with a cost basis above $180, sound off in the comments—let's see how long the rooftop line gets tonight. At $107, are you brave enough to place a buy order, or are you waiting until they've finished selling everything before jumping in?
$SOL $BTC $ETH
SkyAI once held 2 million SOL at an average cost of $194. It has now sold 1 million tokens, cashing out for $107 million—working out to a sale price of around $107 each. The announcement casually added that it "may continue selling," while 1.57 million tokens have already been transferred on-chain. A $160 million unrealized loss—the sell-off says a lot more than the announcement does.
That $160 million hole will ultimately be filled one shovel at a time by SOL bulls who bought at the top. And they haven't even finished dumping the remaining few hundred thousand tokens.
Those of you holding SOL with a cost basis above $180, sound off in the comments—let's see how long the rooftop line gets tonight. At $107, are you brave enough to place a buy order, or are you waiting until they've finished selling everything before jumping in?
$SOL $BTC $ETH