Sky Protocol Buys Back 9.4 Million SKY Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 16 2025

SKY+3.974%

DEFI-2.55%

Should l Buy SKY?

Sky Protocol's Token Buyback: Sky Protocol has repurchased 9.4 million SKY tokens, bringing the total buyback to over 1.19 billion tokens, which has contributed to an 8.1% price increase since February 2025.
Liquidity Management Strategy: The buyback reflects Sky Protocol's commitment to liquidity management and value conservation in the decentralized finance sector, utilizing USDS stablecoin from treasury funds.
Market Impact and Governance: The repurchase strategy aims to reduce circulating supply and enhance the token's market value, while governance methodologies from the previous MakerDAO team continue to influence operations.
Future Considerations: The long-term effects of the buyback on market dynamics will depend on protocol revenue generation and user engagement, with no current regulatory commentary on the actions taken.

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Technical Analysis for SKY

Technical Sentiment Analysis for Sky (SKY) As of , Sky (SKY) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SKY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SKY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sky (SKY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0357	0.0443	0.0541	0.0627	0.0725	0.0811	0.0909
Fibonacci	0.0443	0.0514	0.0557	0.0627	0.0698	0.0741	0.0811

About SKY

The Governance Token of the Sky Ecosystem is SKY.MKR holders can upgrade their MKR to SKY, and SKY can also be converted back to MKR. Upgrading is optional.Users get 24,000 SKY per MKR when they upgrade.At Launch, the Smart Burn Engine will move to target the SKY/USDS market with all of its current liquidity and all future automatic liquidity acquisition from Protocol Surplus.At later stages of Sky Launch Season, SKY will gain additional features including Sealed Activation and Regular Activation, which gives eligible users USDS and Token Rewards for committed participation in Sky Governance. These functionalities are restricted in some countries, including the US and UK, and for VPN users.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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