Solana price at $108.21 as a $201 million buyback hangs on the $100 level: what to check now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.SkyAI is selling Solana to buy back its own shares for up to $201 million, and ties the offer to a SOL price above $100. What the condition means for levels, order choice and tax.The Solana price stands at $108.21 on Tuesday morning, around 3.4 percent below its level 24 hours earlier. The number alone explains little. More important is a condition that has been sitting in a corporate announcement since Sunday evening: US company SkyAI intends to buy back its own shares for up to $201 million, and under that announcement the offer holds only as long as the SOL closing price stays above $100 for the entire period. The buyback is funded by selling Solana. For the first time, then, the round number carries not just a chart line but the calculation of one of the largest listed SOL holders. Solana price at $108.21: 7.6 percent of headroom above the $100 condition There are 7.6 percent between the current price and the condition. Over the past trading night the range ran from $102.19 ...