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Why SKY Is Surging +8% While The Rest of Crypto Bleeds Red?
Yahoo Finance· 2026-01-24 08:38
On January 22, Sky’s SKY token rose about +8% in 24 hours, moving against a softer crypto market. SKY, the governance token of Sky Protocol, traded between $0.066 and $0.067 across major exchanges, including Binance, Coinbase, and Kraken. Trading volume over the day ranged from roughly $20M to $40M, while the project’s market value stood close to $1.5Bn. Sky Protocol emerged from the rebrand of MakerDAO and supports the USDS stablecoin. The move came as broader conditions stayed weak. Total crypto mar ...