SkyAI(
@skyaico), which held 2M $SOL ($214M), has been dumping $SOL heavily recently.
SkyAI disclosed that it has sold 1M $SOL ($107M) recently and may continue selling.
On-chain data shows that SkyAI has transferred out 1.57M $SOL ($175M) in October.
Their average purchase price was ~$194, and they are currently sitting on losses of over $160M.