SOL treasury company SKYA (formerly Sharps Technology, NASDAQ: SKYA) transferred 468,000 SOL worth approximately $51.1 million from related addresses within the past 24 hours. Of the total amount, 218,000 SOL were sent to multiple centralized exchanges and 250,000 SOL were moved to institutional custody platform BitGo, suggesting a potential sale of SOL reserves.
According to a filing disclosed on September 14, SKYA held over 2 million SOL at that time. The latest transfers represent roughly 23% of the company's previously reported SOL holdings.
SKYA Transfers 468,000 SOL Worth $51.1M in Single Day
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