SkyAI has sold its entire Solana treasury — all 2 million SOL — in one clean exit. Now the bigger question hangs over the market: the company says a buyback of about $201 million is next, and traders want to know whether that money steadies Solana or simply invites more selling.
Key points:
• SkyAI confirmed it has sold all 2 million SOL held in its treasury.
• A buyback of roughly $201 million is planned next.
• SOL traders are watching whether buyback demand can absorb the exit of a major holder.
A treasury sale of this size matters because it removes a long-standing question mark. As long as a company sits on 2 million SOL, traders price in the chance that those coins hit the market one day. That overhang is now gone — the selling has already happened.
What comes next could cut the other way. A $201 million buyback is real demand, and if it is executed in the open market it can soften dips and tighten supply. But buyback announcements do not always mean fast buying; the timing and the method matter, and neither is fully clear yet.
For Solana holders, the short-term story is simple: one giant seller is out, and a giant buyer may be coming in. Which force the market believes more will show up in the SOL price over the next few days.
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