Following SkyAI’s massive sell-off of SOL, major shareholders have raised questions about the acquisition offer and demanded the company provide full disclosure.

Nasdaq-listed company SkyAI, which centers its digital asset reserves on Solana, previously held over 2 million SOL tokens. Since October, the firm has transferred around 1.57 million SOL, valued at roughly $175 million; SkyAI disclosed it recently sold 1 million SOL for approximately $107 million, and noted it may continue selling. On-chain data shows its average purchase price was around $194, with an unrealized loss of over $160 million based on recent prices. A Form 8-K filed on October 13 r

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