Just saw a post: SkyAI dumps all its SOL: What happens when a DAT strategy reaches the “exit” stage
By Deep Tide TechFlow: A syringe-selling company changed its name to SkyAI last year, spent all its cash buying 2 million SOL, then sold all its SOL in October and used the $224 million in cash to offer to buy back up to 95% of its shares at $3 per share. This is an official announcement filed with the SEC on October 19. SkyAI (Nas…)
My take: $SOL is currently at 105.41 (24h -0.15%), with a 24h range of 103.54–106.22. The price is in the middle of the range, and it hasn’t picked a direction yet. Watch whether it can break above 106.22, and whether 103.54 holds as support below. Until it moves out of the range, selling high and buying low is preferable to chasing trades. For comparison, $BTC : 24h -0.95%.
Source: Deep Tide TechFlow
This is not investment advice. Crypto assets are volatile; only invest what you can afford.
#SOL #MarketWatch
By Deep Tide TechFlow: A syringe-selling company changed its name to SkyAI last year, spent all its cash buying 2 million SOL, then sold all its SOL in October and used the $224 million in cash to offer to buy back up to 95% of its shares at $3 per share. This is an official announcement filed with the SEC on October 19. SkyAI (Nas…)
My take: $SOL is currently at 105.41 (24h -0.15%), with a 24h range of 103.54–106.22. The price is in the middle of the range, and it hasn’t picked a direction yet. Watch whether it can break above 106.22, and whether 103.54 holds as support below. Until it moves out of the range, selling high and buying low is preferable to chasing trades. For comparison, $BTC : 24h -0.95%.
Source: Deep Tide TechFlow
This is not investment advice. Crypto assets are volatile; only invest what you can afford.
#SOL #MarketWatch