SkyAI sells half its SOL to fund $201M buyback and keep Forward out

Crypto Insight Summary: SkyAI plans to spend roughly $201 million buying back up to 95% of its shares and warrants at $3.00 each. The company plans to sell half of the Solana treasury it spent the past year building to fund the buyback. The move essentially rejects a takeover bid from Forward Industries. Will SkyAI buy back its... Crypto Insight Analysis: Direction: Bearish SOL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large SOL sell-off by SkyAI creates temporary selling pressure.