Hupzy (Spot On Chain)|Oct 10, 2026 06:16
The SkyAI entity on Arkham moved 568,000 SOL ($63.87M) to exchanges over three days at ~$194 average cost — a full exit locks in roughly a $𝟰𝟲𝗠 𝗹𝗼𝘀𝘀. The entity still holds over 2M SOL ($220M).
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is deliberate distribution, not custody reshuffling. A whale absorbing losses after a multi-year hold signals exhaustion, and with $𝟮𝟮𝟬𝗠 in SOL still on the balance sheet, the supply overhang is the real risk. Watch for follow-on exchange deposits as the primary tell.
SOL has been under structural pressure from this multi-day flow. The $63.87M deposited so far is modest against daily volume, but the remaining $220M adds a persistent sell ceiling on any relief rally.
https://arkm.com/explorer/entity/sharps-technology
source: lookonchain
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