TREE NEWS reports: Jelitics, which had publicly said it would “accept all SI tokens,” sold 21.38 million SI tokens worth about $279,000 on October 15, dumping half its position at a loss. Its total investment in SI stands at $1.4 million, leaving an unrealized loss of $562,000.
Jelitics Sells 21.38M SI Tokens at a Loss, Down $562K
AI take
A public commitment to 'accept all SI tokens' is a soft backstop, not a hard one, and Jelitics' partial exit reveals how quickly such a stance can reverse when the position moves against the holder. The sale matters less for its size than for the signal: the loudest declared buyer of SI is now a seller, which changes how other holders may read the remaining commitment. Whether Jelitics continues to unwind, or holds the rest, is the open question for anyone tracking SI's holder base.
Generated by AI for reference only.
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