2026-01-19 22:23:20

Sky Protocol executed a substantial token buyback last week, acquiring 31.57 million SKY tokens at a cost of 1.9 million USDS. The project's cumulative buyback volume has now reached an impressive milestone—over 102 million USDS deployed since launching the repurchase initiative. This ongoing commitment to token management reflects the protocol's approach to long-term value dynamics.

SKY1.93%

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OnlyUpOnly

· 4h ago

10.2 billion USDS has been burned in. Is Sky really working or just a numbers game?

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TokenEconomist

· 4h ago

actually, let me break this down—what they're really doing here is classic deflationary tokenomics dressed up as "value dynamics." think of it this way: they're burning capital to artificially prop up price floor, ceteris paribus the real utility metrics are lagging hard

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SnapshotStriker

· 4h ago

I'm confident in this move; investing real money to support the market shows genuine sincerity.

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GweiWatcher

· 4h ago

Money-burning buyback, this trick is really quite old. How long can it sustain the rally?

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ShadowStaker

· 4h ago

ngl the buyback numbers look solid on paper, but what's the actual slash risk exposure here? validator attrition always gets worse during these cycles

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