Data: SOL Financial Company SkyAI has sold approximately 1.25 million SOL in the past 5 days and is currently liquidating its SOL reserves

According to on-chain analyst Yu Jin's monitoring, the NASDAQ-listed SOL treasury company SkyAI (SKYA) is liquidating its SOL reserves. About half an hour ago, the company transferred 211,623 SOL to Coinbase Prime.

SKYA announced yesterday that it has recently sold approximately 1 million SOL. Including the approximately 211,600 SOL transferred to the trading platform today, the company is expected to have sold a total of about 1.25 million SOL in the past 5 days, valued at approximately 138 million dollars at current prices.

According to the company's announcement, this sale of SOL reserves is to repurchase 95% of its issued shares.