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

Market News
14 Oct 2026
Crypto Briefing
View Source
Bearish
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 around $107. The reduction aligns with market expectations of downward pressure on SOL, especially ahead of the Alpenglow mainnet upgrade on October 21, which could influence price dynamics. Investors should watch for further large-scale moves by major holders and regulatory developments that may impact Solana's outlook.

Following SkyAI's large reduction in Solana holdings, SOL is trading at Rp1.875.741 on Pluang as of Oct 14, 2026 23:42 WIB, showing a 2.88% decline in the past day. Market activity on Pluang indicates a balanced sentiment with 42% of orders to sell and 58% to buy, while the typical hold time remains 71 days. This data highlights cautious investor behavior around Solana amid ongoing market developments.

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