SKYA: Transfers 211K SOL to Coinbase Prime
@EmberCN reports that Nasdaq-listed SkyAI Co (SKYA) moved 211,623 SOL into Coinbase Prime while liquidating roughly 1.25 million SOL worth $138 million over five days to fund a tender offer for 95% of its shares.
SourceAnalysis
SkyAI Co (Nasdaq: SKYA) has begun liquidating its SOL treasury, routing 211,623 SOL to Coinbase Prime in the latest transfer flagged by @EmberCN. The company disclosed plans to sell its roughly two million SOL holdings to finance a cash tender for 95 percent of outstanding shares, with cumulative sales reaching about 1.25 million SOL or $138 million in the past five days.
Price sits at $110.97 on the four-hour chart inside a bearish structure defined by the EMA50 at $113.48 and EMA200 at $111.99. Momentum remains neutral with RSI(14) at 45.32 while the MACD has printed a bullish golden cross at -0.67. With price pressing the upper Bollinger band at $112.55 and the lower band offering support at $108.31, a retracement toward the EMA50 resistance-turned-support zone appears likely before any sustained upside attempt.
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@EmberCNAnalyst about On-chain Analysis