Candlestick charts don’t lie. KOLs do.
Sold off 2 million tokens $SOL , yet the price rose
An institution sold all 2 million SOL it held. At the current price of 106.79, that amounts to a nominal value of about $214 million. You’d expect a liquidation of this size to trigger a sell-off. But look at the data: the 24-hour gain was +2.14%, with a range of 103.67–108.25 and a 4.42% fluctuation. There was no panic-driven plunge to match the scale of the selling pressure.
One comment in the forum is worth noting: "That news is days old. They sold ages ago, and the price barely dropped." This gets to the heart of it: the disclosure date isn’t the transaction date. The announcement confirms what happened; it doesn’t mean new sell orders are coming in. The actual turnover had already taken place in the market. By the time the news was released, the supply available for sale had already been cleared, so the bearish news naturally lost its impact.
Now consider the motive. SkyAI sold its SOL to launch a cash tender offer. This was an asset swap, not a bearish exit. The same tokens went from being "overhanging sell-side supply" to "a completed transaction in the past," which actually removed a source of ongoing pressure from the order book. Directionally, that reduces pressure rather than adding to it.
But data doesn’t lie, and it won’t make you bullish either. At 106.79, the price is only slightly above the midpoint of the 24-hour range.
Entry: 106.95 🟢
Target 1: 112.13 🎯
Target 2: 117.47 🎯
Stop loss: 103.59 🔴
Direction: Bullish
#SkyAI出售全部SOL并发起现金要约收购 #Layer1
Sold off 2 million tokens $SOL , yet the price rose
An institution sold all 2 million SOL it held. At the current price of 106.79, that amounts to a nominal value of about $214 million. You’d expect a liquidation of this size to trigger a sell-off. But look at the data: the 24-hour gain was +2.14%, with a range of 103.67–108.25 and a 4.42% fluctuation. There was no panic-driven plunge to match the scale of the selling pressure.
One comment in the forum is worth noting: "That news is days old. They sold ages ago, and the price barely dropped." This gets to the heart of it: the disclosure date isn’t the transaction date. The announcement confirms what happened; it doesn’t mean new sell orders are coming in. The actual turnover had already taken place in the market. By the time the news was released, the supply available for sale had already been cleared, so the bearish news naturally lost its impact.
Now consider the motive. SkyAI sold its SOL to launch a cash tender offer. This was an asset swap, not a bearish exit. The same tokens went from being "overhanging sell-side supply" to "a completed transaction in the past," which actually removed a source of ongoing pressure from the order book. Directionally, that reduces pressure rather than adding to it.
But data doesn’t lie, and it won’t make you bullish either. At 106.79, the price is only slightly above the midpoint of the 24-hour range.
Entry: 106.95 🟢
Target 1: 112.13 🎯
Target 2: 117.47 🎯
Stop loss: 103.59 🔴
Direction: Bullish
#SkyAI出售全部SOL并发起现金要约收购 #Layer1