Was that move an epic fail or a stroke of genius, folks? SkyAI (a Nasdaq-listed company) just sold all the SOL it held for a cool $223.8 million in cash, then used it to buy back as much as 95% of its own shares!
They did this so the $201.3 million buyback wouldn’t depend on SOL price fluctuations anymore. But don’t worry, they’re not abandoning Solana—they sold their coins for cash to build an AI and stablecoin financial platform right on the Solana network!
What should traders do?
👀 See whether this selling pressure affects SOL’s price in the short term.
🛒 Keep a close eye on SkyAI’s upcoming AI + Stablecoin project on Solana—it could turn out to be a “hidden gem.”
🧠 Don’t panic-sell SOL; you never know what the whales have planned for the long game!
This is not financial advice! If you don’t have an account yet, sign up now at binance.com or enter code VINHTOCDO to get a great fee rebate!
Click below to trade and support me: $SOL
$FET
$BNB
#SkyAISellsAllSOLAndLaunchesCashTenderOffer #solana #AI #stablecoin #CryptoNews #VINHTOCDO
They did this so the $201.3 million buyback wouldn’t depend on SOL price fluctuations anymore. But don’t worry, they’re not abandoning Solana—they sold their coins for cash to build an AI and stablecoin financial platform right on the Solana network!
What should traders do?
👀 See whether this selling pressure affects SOL’s price in the short term.
🛒 Keep a close eye on SkyAI’s upcoming AI + Stablecoin project on Solana—it could turn out to be a “hidden gem.”
🧠 Don’t panic-sell SOL; you never know what the whales have planned for the long game!
This is not financial advice! If you don’t have an account yet, sign up now at binance.com or enter code VINHTOCDO to get a great fee rebate!
Click below to trade and support me: $SOL
$FET
$BNB
#SkyAISellsAllSOLAndLaunchesCashTenderOffer #solana #AI #stablecoin #CryptoNews #VINHTOCDO