Huoxing Finance reports that, on October 13, according to Lookonchain monitoring, SkyAI, which previously held over 2 million SOL worth approximately $214 million, has been consistently selling large amounts of SOL recently. SkyAI has disclosed that it has sold 1 million SOL, valued at around $107 million, and indicated it may continue selling. On-chain data shows that since October, SkyAI has transferred out 1.57 million SOL, worth approximately $175 million. Its average purchase price was around $194, resulting in an unrealized loss of over $160 million.
SkyAI sells 1M SOL for $107M; holdings reveal over $160M in unrealized losses
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Summary
On-chain data shows that SkyAI has sold 1 million SOL for $107 million as of October 13, 2026. The entity, which previously held over 2 million SOL worth $214 million, has transferred 1.57 million SOL since October, totaling $175 million. On-chain analysis indicates an average purchase price of $194, with a current unrealized loss exceeding $160 million. SkyAI may continue selling.
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