SkyAI sells 1 million SOLs to cash out $107 million, with a floating loss of over $160 million on its holdings

SkyAI has held 2 million SOLs worth approximately $214 million and has recently sold 1 million SOLs worth approximately $107 million. On chain data shows that SkyAI has transferred 1.57 million SOLs worth approximately $175 million since October, with an average purchase price of around $194. Currently, the position has a floating loss of over $160 million.