SkyAI has recently offloaded large volumes of SOL, with major shareholder Bastion Trading questioning the tender offer and demanding full disclosure.

Nasdaq-listed company SkyAI, with core holdings centered on Solana digital assets, previously held over 2 million SOL. Since October, the firm has transferred roughly 1.57 million SOL, valued at approximately $175 million. SkyAI recently disclosed selling 1 million SOL for about $107 million, and noted it may continue selling. On-chain data shows its average purchase price is around $194, translating to an unrealized loss of over $160 million based on current prices. A Form 8-K filed on October

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