SkyAI Sells All Solana (SOL): What AI Predicts for SOL Price

SkyAI has sold its entire Solana (SOL) treasury and replaced its accumulation strategy with a cash funded buyback worth up to $201.3 million.

The decision marks a major change for a company that once held more than two million SOL.

With Solana traders watching institutional activity and broader market sentiment, the key question is whether this development could influence SOL prices or create new trading opportunities.

Key Takeaways

• SkyAI has liquidated its entire SOL treasury and reported $223.8 million in cash as of October 16.

• SOL is consolidating between $103.79 support and $108.22 resistance in the supplied Bitrue AI analysis.

• A breakout may influence short term momentum, but neither institutional selling nor AI predictions guarantee SOL’s next move.

Why SkyAI Sold Its Entire Solana Treasury

SkyAI, formerly known as Sharps Technology, has reversed its Solana treasury strategy after selling its remaining SOL holdings.

According to its regulatory filing, the company held approximately $223.8 million in cash as of October 16 and plans to use those funds for a tender offer covering up to 95% of certain outstanding shares and warrants.

The offer sets a fixed price of $3 per share or warrant, with a maximum value of approximately $201.3 million.

Unlike the original proposal announced on October 11, the revised offer is no longer conditional on SOL maintaining a price above $100.

The decision follows a difficult period for the company’s digital asset holdings. SkyAI accumulated more than two million SOL in 2025, with a reported cost basis of $403.1 million.

By the end of that year, the holdings were valued at approximately $250.1 million, representing substantial unrealized losses.

This move signals a shift from accumulating cryptocurrency to returning capital to investors.

However, it does not automatically mean that Solana itself has lost its long term growth potential.

How SkyAI Selling Solana Could Affect SOL Price

The SkyAI Solana sale adds to the discussion around institutional selling and corporate cryptocurrency treasury strategies.

When a company holding a large amount of SOL liquidates its position, traders may interpret the move as a sign of financial caution, particularly when the sale follows significant unrealized losses.

However, it is important to distinguish company specific decisions from broader market conditions.

SkyAI’s buyback is designed to return cash to shareholders and warrant holders. Its decision does not establish that other institutions are preparing to sell their Solana holdings.

SOL price movements depend on several factors, including market liquidity, trading demand, Bitcoin’s direction, network activity, and broader economic sentiment.

A large sale can influence market expectations, but its direct price impact depends on how the transaction is executed and whether buyers absorb the available supply.

The supplied SOL/USDT perpetual market snapshot shows a mark price of $105.65, a 24 hour change of positive 1.23%, a high of $108.19, and a low of $103.71.

These figures show positive daily movement alongside a relatively defined trading range. They do not, by themselves, confirm a sustained recovery or a bearish reversal.

Bitrue AI Solana Price Analysis and Prediction

Source: Bitrue

Bitrue AI offers a useful example of how traders can organize technical indicators and market information when assessing the Solana price forecast.

Its supplied SOL analysis describes momentum as neutral, the broader trend as sideways, and volatility as consolidating.

The analysis identifies two important levels:

• Support at $103.79: A break below this area could increase selling pressure and expose SOL to further downside.

• Resistance at $108.22: A sustained move above this level could indicate a bullish breakout and attract additional buying interest.

The funding data adds another layer to the picture. The reported long to short ratio of 2.57 indicates that long positions dominate the measured group of traders.

However, the negative funding rate of approximately 0.00007768% suggests that bullish pressure may be less decisive than the positioning ratio alone implies.

Bitrue AI also tracks broader crypto news, including institutional adoption of stablecoins and developments affecting decentralized finance.

Such developments may influence market sentiment, although their impact on SOL is not guaranteed.

These indicators do not produce a confirmed price target. Instead, they help traders identify conditions that could support either a bullish breakout or a bearish continuation.

Key SOL Price Levels and Possible Market Scenarios

The current technical setup suggests that traders should watch how SOL behaves around its support and resistance zones rather than assume that SkyAI’s liquidation will determine the next trend.

Bullish scenario

If SOL breaks above $108.22 and holds that level, buyers may gain confidence in a short term recovery.

Stronger trading volume and improving conditions across the broader crypto market would provide additional context for evaluating the move.

A resistance break without sustained demand, however, could turn into a false breakout.

Bearish scenario

If SOL falls below $103.79, selling pressure could increase as traders reassess their positions.

The SkyAI treasury exit may add to negative sentiment, but confirmation would require observing price action, trading volume, and wider market conditions.

Sideways scenario

If neither level breaks convincingly, SOL may continue trading within its current range. This would fit Bitrue AI’s assessment of neutral momentum and a sideways trend.

These scenarios are conditional, not guaranteed outcomes. Traders should also consider stop loss placement, position sizing, and the risks of leveraged perpetual contracts before entering a trade.

How to Use Bitrue AI for SOL Trading Strategies

AI crypto trading tools can help traders review market conditions without relying on a single indicator or headline.

Bitrue AI can be used as an example of a research tool for exploring technical levels, momentum, volatility, funding data, and news sentiment when evaluating SOL.

A practical approach is to begin with the current market structure, mark the main support and resistance levels, and then compare the potential bullish and bearish scenarios.

Traders can monitor whether new information changes the original setup rather than making decisions based solely on the SkyAI announcement.

AI analysis should remain part of a broader decision making process.

Signals can become outdated, market conditions can change quickly, and no prediction system can guarantee profitable trades. Independent research and clear risk limits remain essential.

If you want to explore SOL and other cryptocurrency markets, register for Bitrue to access a platform for buying, selling, and trading digital assets.

Review the available tools, understand the risks, and choose a strategy that matches your experience and risk tolerance.

Conclusion

SkyAI’s decision to sell its entire Solana treasury and launch a cash funded buyback marks a notable change in its corporate strategy.

For SOL traders, the announcement provides context, but the next price move will depend on market demand, broader crypto sentiment, and technical confirmation.

Bitrue AI’s supplied analysis points to a neutral, sideways market, with $103.79 support and $108.22 resistance as important levels to monitor.

Traders can use these signals to develop scenarios without treating them as guarantees.

Bitrue also provides a convenient place to explore cryptocurrency markets and manage trades, with risk awareness remaining essential.

FAQ

Why did SkyAI sell all its Solana holdings?

SkyAI liquidated its SOL treasury as part of a strategic shift toward a cash funded tender offer to repurchase outstanding shares and warrants. The company reported approximately $223.8 million in cash as of October 16.

Will SkyAI selling Solana cause SOL to fall?

Not necessarily. The sale may influence sentiment, but SOL's price also depends on liquidity, buyer demand, Bitcoin’s performance, and broader market conditions. A sustained price decline would require further confirmation.

What is the SOL price prediction based on Bitrue AI?

The supplied Bitrue AI analysis describes SOL momentum as neutral and the trend as sideways. It identifies $103.79 as support and $108.22 as resistance rather than providing a guaranteed future price target.

What SOL price levels should traders watch?

Traders can monitor $103.79 for potential downside confirmation and $108.22 for a possible bullish breakout. Price behavior and trading volume around these levels may help clarify market direction.

Can AI crypto trading tools guarantee profits?

No. AI tools can help organize market data and identify potential trading scenarios, but they cannot guarantee accurate predictions or profitable outcomes. Traders should combine AI insights with independent research and appropriate risk management.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.