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EVENT / TOPICHistorical

SkyAI Treasury Drops 70% as Bastion Trading Demands Higher Buyout Offer

1 reports1 sources10/14/2026 updated

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AI overview

SkyAI’s Solana (SOL) treasury fell by 70% in a month, leaving 400,000 SOL unaccounted for. Bastion Trading, the project’s major shareholder, rejected a $3 per share buyout proposal and instead demanded $3.50 per share. The sharp decline in treasury value has intensified scrutiny of SkyAI’s token sales and raised questions about the whereabouts of the missing SOL. The dispute underscores the broader volatility and governance challenges facing projects built on the Solana blockchain.

Written with AI from the reporting · updated 10/14/2026

Latest developmentOct 15, 02:25
Major Shareholder Pressures SkyAI Over 70% Drop in Solana Treasury
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  1. 1Unclassified fact stationOct 14, 00:00recorded Oct 15, 06:24single source

    SkyAI SOL treasury fell 70% in a month

    Read original source ↗ The BlockReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    SkyAI
    Action：
    SOL treasury fell 70% in under a month
    Object：
    400,000 SOL unexplained
    Occurred (fact side)：
    Oct 14, 00:00
    The Block ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 15, 02:25
    First seen (known side)：
    Oct 15, 06:24
    Fact stationSingle source · one-sided claim

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Oct 15
  1. The BlockRelated fact: single source
    Major Shareholder Pressures SkyAI Over 70% Drop in Solana Treasury

    Report first recorded Oct 15, 06:24

    SkyAI's SOL treasury decreased by 70% in less than a month, with 400,000 SOL unaccounted for. Bastion Trading declined to tender at $3 per share and instead requested $3.50 per share.

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