Investment
Features
FeesSafety
Academy
More
Pluang+

SkyAI's Solana holdings plunge 70%, sparking shareholder demands for full disclosure before $201M buyback.

Market News
14 Oct 2026
Blockonomi
View Source
Bearish
SkyAI's Solana holdings plunge 70%, sparking shareholder demands for full disclosure before $201M buyback.

SkyAI's Solana (SOL) holdings dropped sharply by about 70%, from over 2 million tokens to roughly 600,000, raising questions from major shareholder Bastion Trading. Bastion, owning nearly 10% of SkyAI, demands full transaction details and independent oversight before agreeing to the company's planned $201 million share buyback. The shareholder also wants the buyback price increased from $3 to at least $3.50 and calls for more transparency following disputed board elections and unexplained token sales. SkyAI aims to start the buyback around mid-October, contingent on Solana prices staying above $100.

Solana (SOL) is trading at Rp1.861.720 on Pluang as of Oct 15, 2026 03:51 WIB, down 2.97% in the last day. Despite the selloff news involving SkyAI, Pluang's order activity shows 76% of trades are buys, indicating ongoing demand. The typical hold time for SOL on Pluang is 71 days, reflecting medium-term investor interest.

More News (SOL)

Solana's one-week implied volatility dropped then rose, reflecting changing near-term price swing expectations.

Solana's one-week implied volatility dropped then rose, reflecting changing near-term price swing expectations.

Solana (SOL) experienced a shift in its one-week at-the-money implied volatility, falling to 49.63% on October 9 before rising to 54.04% by October 13. This change in implied volatility, derived from options prices, indicates fluctuating expectations...

Technical Signals
Neutral
6 hours ago
Solana's short-term options volatility spikes 18.3 points, signaling immediate market concern.

Solana's short-term options volatility spikes 18.3 points, signaling immediate market concern.

Solana's implied volatility for options expiring within two days surged by 18.3 points in one week, indicating heightened demand for short-term protection and increased market uncertainty. While longer-dated options show calmer pricing, the sharp ris...

Technical Signals
Neutral
6 hours ago
SkyAI cuts Solana holdings by 70%, signaling bearish market sentiment for SOL.

SkyAI cuts Solana holdings by 70%, signaling bearish market sentiment for SOL.

SkyAI, a Nasdaq-listed fintech company, has reduced its Solana (SOL) holdings from over 2 million tokens to about 600,000, a 70% cut. This significant sell-off suggests a shift toward negative market sentiment on Solana's future price, currently arou...

Market News
Bearish
8 hours ago
Grayscale warns investors may overlook Ethereum, Solana amid hype around newer crypto projects

Grayscale warns investors may overlook Ethereum, Solana amid hype around newer crypto projects

Grayscale's head of research, Zach Pandl, cautions that investors might be distracted by newer crypto assets like Zcash and Hyperliquid, potentially overlooking established smart contract platforms such as Ethereum, Solana, and BNB Chain. These platf...

Market News
Bullish
9 hours ago
Solana (SOL) price drops 2.58% amid $3.6M liquidations on Binance, Bybit, and OKX

Solana (SOL) price drops 2.58% amid $3.6M liquidations on Binance, Bybit, and OKX

Solana (SOL) experienced a 2.58% price decline from $108 to $105 within one hour on October 14, with a 1.54% drop over 24 hours. During this period, liquidations of $3.57 million in long positions and $30,000 in short positions occurred across Binanc...

Market News
Bearish
11 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App