Sky AI's major shareholder just disclosed they're dumping ~70% of their $SOL position
This is the same company that's been accumulating Solana as a corporate treasury play. When whales start exiting at scale, it's worth watching.
Could be:
โข Profit-taking after the recent pump
โข Rebalancing into other assets
โข Risk-off signal for institutional holders
Either way, 70% is not a trimโit's a full rotation. If you're long $SOL, keep an eye on on-chain flows and whether this sparks more institutional exits.
NFA but selling pressure from large holders rarely happens in a vacuum.
This is the same company that's been accumulating Solana as a corporate treasury play. When whales start exiting at scale, it's worth watching.
Could be:
โข Profit-taking after the recent pump
โข Rebalancing into other assets
โข Risk-off signal for institutional holders
Either way, 70% is not a trimโit's a full rotation. If you're long $SOL, keep an eye on on-chain flows and whether this sparks more institutional exits.
NFA but selling pressure from large holders rarely happens in a vacuum.