SKYAI jumps 21% as Forward Industries slides into DMs with takeover proposals 💼

Nasdaq-listed Forward Industries [FWDI] has submitted two non-binding proposals to the Board of Directors of SkyAI, Inc. [SKYAI], the parent company of the SKYAI token, to acquire the company in a stock-based deal. Under the proposed structure, SkyAI shareholders would receive 20% of SKYA's closing price in new FWDI shares, giving holders of the AI-focused token exposure to a Solana treasury company.

SkyAI, Inc. holds 2 million Solana [SOL] acquired in September 2025, while FWDI operates as a SOL treasury firm. As of publication, SkyAI, Inc. had not publicly responded to the proposals.

The announcement triggered a 21% increase in the SKYAI token over the past 24 hours, with on-chain buying volume rising roughly 3x to about $63 million, according to market data. The token climbed from $0.35 to $0.49, and the number of holders grew from around 56,000 to 60,000, per CoinMarketCap. Cumulative Volume Delta increased by 174% to approximately 7.24 million SKYAI tokens, indicating that about 20 million tokens were bought in a single day.

SKYAI is among the best-performing AI tokens year-to-date, with gains of about 881%, second only to Venice Token [VVV] at 906%. On the price chart, SKYAI is attempting to break above the $0.40 resistance level after recording three consecutive highs in June, following four prior touches at the $0.15 level. The Stochastic Momentum Index reversed after briefly dipping below neutral.

Analysts identified liquidity clusters between $0.33 and $0.39, with the highest concentration in the $0.33-$0.36 zone, while resistance levels sit at $0.60, $0.70, and $0.80, with a prior high near $0.86. The market structure leaves the next directional move contingent on whether SKYAI can hold above $0.40 or retest lower support.