SkyAI Governance Dispute Threatens Solana Price Rally
The Solana price has seen significant growth since mid-May, rising from near $60 and potentially forming a golden cross that could add strength to its bullish setup.
However, this rally may be threatened by a dispute within SkyAI, a company that holds approximately 2.08 million SOL worth around $207 million, making it one of the largest public corporate holders of Solana.
The treasury includes about 1.49 million liquid SOL and roughly 509,650 locked SOL scheduled for release through 2028, giving SkyAI a meaningful connection to the Solana market.
In June 2026, Forward Industries submitted an all-stock acquisition proposal for SkyAI at a premium, which was unanimously rejected by the board.
The dispute has escalated, with activist shareholders and firms such as Bastion Trading and Forward Industries raising concerns about related-party transactions and urging shareholders to vote against current board members.