Bastion presses SkyAI board over $201M buyback paying insider-linked advisor

Crypto Insight Summary: Bastion Trading demanded on October 21 that SkyAI’s (Nasdaq: SKYA) executive chairman and three directors explain why they liquidated SkyAI’s entire Solana (SOL) treasury. The fund is also asking why they signed off on a $201 million buyback, considering that up to $11.9 million of it could go to one of their director’s brothers. Why... Crypto Insight Analysis: Direction: Bearish SOL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: SkyAI's liquidation of SOL treasury raises sell pressure concerns.