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Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback
Published Source: CoinTelegraphRead original
Crypto Insight Summary: The former medical device maker has liquidated its Solana treasury and is offering to repurchase shares and warrants using its $223.8 million cash holdings. Crypto Insight Analysis: Direction: Bearish SOL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large institutional sell-off creates short-term selling pressure on SOL.