Major shareholder presses SkyAI on Solana sales after treasury shrinks 70% in a month
60-second summary
SkyAI’s Solana treasury drops 70% in less than a month, with 400,000 SOL unaccounted for, prompting major shareholder Bastion Trading to pressure the firm; Bastion refuses to tender shares at $3 each and demands a $3.50 price, signaling heightened governance scrutiny that could depress the token’s market value and erode investor confidence.
SkyAI's SOL treasury fell 70% in under a month, with 400,000 SOL unexplained. Bastion Trading won't tender at $3 a share and wants $3.50.