Sky’s $75M Buybacks May Have Supported an 8% Rise in SKY Since February

  • $75M total buybacks in USDS since Feb.; largest month: $18.31M (March)

  • August used 5.5 million USDS to buy back 73 million SKY tokens, per Sky’s dashboard.

  • SKY has risen ~8% since the program began; comparable tokens Uniswap (UNI) +6%, Aave (AAVE) +25.8%.

Sky token buyback: $75M in USDS repurchased so far, supporting SKY price recovery — read details and data-driven steps to track impacts.

What is Sky’s token buyback program?

Sky’s token buyback is a structured program initiated in February to use platform stablecoin USDS to purchase SKY from secondary markets, then remove supply. The plan has spent $75 million in USDS to date, aiming to tighten circulating supply and support price stability.

How much has Sky spent and what were the monthly peaks?

Sky has spent a cumulative $75 million in USDS on buybacks since late February. The program began on Feb. 24 with $4.28 million that month. March was the largest single-month outlay at $18.31 million. In August, Sky used 5.5 million USDS to repurchase 73 million SKY tokens, according to Sky’s dashboard.

‘,

🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!

‘,

📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!


];

var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();

SKY is up about 8% since the buyback began, moving from roughly 6.3 cents at kickoff to about 6.85 cents most recently, per CoinGecko price data. The token peaked near 9.6 cents in late July before pulling back with the broader market; the buyback appears to have provided downside support versus otherwise larger swings.

Buybacks are used to reduce circulating supply by repurchasing tokens from markets and often burning them. This supply-side action can create scarcity, supporting price discovery and signaling protocol confidence to investors. Several projects adopt buybacks as part of treasury management or community incentive strategies.

World Liberty Financial proposed a buyback-and-burn of its WLFI token using protocol fees after weakness on secondary exchanges. Pump.fun initiated a revenue-funded buyback for PUMP and has spent roughly $66.5 million, with PUMP up roughly 30% month-to-month, per CoinGecko.


];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();

Source: https://en.coinotag.com/skys-75m-buybacks-may-have-supported-an-8-rise-in-sky-since-february/