The dispute didn’t end there. Activist shareholders, along with firms such as Bastion Trading and Forward Industries, have raised concerns about related-party transactions and urged shareholders to vote against current board members.
According to a post from The Block, a group holding nearly 10% of SkyAI plans to oppose the reelection of the entire board ahead of the September 18 annual meeting. The group has cited weakened shareholder rights, a “poison pill,” and related-party dealings.
$SOL Price Rally Now Faces A New Risk
The $SOL price has been climbing since mid-May after finding support near $60, which aligned with the lower boundary of a falling-wedge pattern. A golden cross is also close to forming, potentially adding strength to the bullish setup.
If the rally continues, $SOL could approach the falling wedge’s mid-band near $130 or move higher. But SkyAI’s governance dispute introduces another risk factor for sentiment surrounding Solana treasury companies.
The dispute doesn’t directly change Solana’s network fundamentals. Still, prolonged pressure around a major corporate holder could affect market confidence and demand.
$SOL Price Could Revisit $80 Or Even $50
If the $SOL price loses momentum, the first downside level is around $80. A deeper sell-off could push $SOL toward $50, which aligns with the lower support boundary of the falling wedge.
For now, the $SOL price remains technically constructive above its key support. But with SkyAI’s shareholder vote approaching, traders may have to watch corporate governance as closely as the chart.
