Whales Dive Deep, Sky Soars: A Tale of Digital Fortune 🐳✨

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In the quiet village of Crypto, where digital fortunes are made and lost with the flicker of a screen, the Sky Protocol token ascended like a phoenix on Saturday, reaching its zenith for the year. As the whales of the crypto sea began to gather, the waters around Sky grew choppy, yet promising.

With a total value locked that would make Scrooge McDuck blush—topping $6.1 billion—and exchange reserves dwindling like a forgotten pond in summer, the project’s projected annual revenue of $350 million seemed to whisper sweet nothings into the ears of skeptical investors. Confidence, it seems, is a contagious disease in these parts, and the bulls are its carriers, pushing the token ever higher. 📈🚀

  • The Sky Protocol token, buoyed by the weighty hands of whales, continues its upward spiral.
  • Exchange balances, like leaves in autumn, have been steadily falling this year.
  • Revenue and total value locked, much to the delight of the village elders, are on the rise.

Whales Accumulate Sky Tokens

Sky Protocol (SKY), once known as the humble Maker, leaped to $0.095, its highest point since December, a staggering 190% above its lowest level this year. The market cap, now a robust $2 billion, is a testament to the faith of the few who dared to dream big. 🌠

Data from Nansen, the village’s wise sage, reveals that whales have continued to hoard Sky tokens like dragons guarding their treasure. They now hold 23.67 million tokens, up by a jaw-dropping 1,666% in the last 90 days. The top 100 addresses, not to be outdone, hold 23.37 billion tokens, marking a 1,000% increase. 🐉💰

Meanwhile, the supply of Sky tokens on exchanges has plummeted to 219.94 million, down from 304 million on July 15. This decline in exchange reserves suggests that investors are more inclined to keep their tokens close, like a miser with his gold. 🏦🔒

A plausible explanation for the whales’ voracious appetite is that Sky is thriving. The total value locked has swelled from a modest $4.86 billion to a princely $6.1 billion. USDS, its native stablecoin, boasts a market cap of over $7.6 billion, a sum that would make any monarch envious. 🏰👑

TokenTerminal, the village’s financial oracle, predicts that Sky will generate $350 million in revenue over the next 12 months, with the majority coming from the Spark Protocol. The balance sheet, too, is a sight to behold, with the treasury holding approximately $700 million in assets. 💼📊

🏦🌟 @SkyEcosystem is the first DAO that tries to scale w/ a tokenholder-aligned parent <> subsidiary model:

Sky is on track to make ~$350m in revenue over the next 12 months

SKY is currently valued at ~$2b, and the Sky DAO has ~$700m in @sparkdotfi tokens in its treasury

— Token Terminal 📊 (@tokenterminal) July 25, 2025

Sky Protocol Price Technical Analysis

The daily chart, a map of the token’s journey, shows a steady upward trend over the past few months. From the year-to-date low of $0.032 in February to $0.094 today, the path is clear and upward. The token has formed an ascending channel, targeting the upper side, and has broken above the 50-day exponential moving average. The Relative Strength Index, like a barometer of sentiment, is nearing the overbought level. 📊🌡️

The MACD, a trusted companion in this journey, has remained above the zero line since March. Thus, it is likely that Sky will continue its ascent, with bulls eyeing the key resistance at $0.1023, the peak it reached on December 4. 🦁🎯

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2025-07-26 20:40