- Sky Protocol executed a significant token buyback worth $80 million.
- SKY price increased by 12% in one week.
- Market confidence is bolstered as TVL reaches $6.2 billion.
Sky Protocolโs token buyback program has invested over $80 million USDS, repurchasing 1.25 billion SKY tokens. This initiative enhanced the SKY price by 8-12% and increased its TVL to $6.2 billion.
Sky Protocol has executed a substantial token buyback program, repurchasing SKY tokens worth $80 million USDS between February and October 2025. The initiative aims to increase market confidence and was conducted by the Sky Protocol team without public figure involvement.
Main Content
Sky Protocol, previously known as Maker, has spent over $80 million USDS on repurchasing 1.25 billion SKY tokens. The initiative took place from February to October 2025. The buyback involved commitment from the official Sky Protocol team, yet lacked individual figurehead promotions. Market trust improved, leading to a 12% price rebound of SKY tokens over the last week. The protocolโs total value locked (TVL) rose to $6.2 billion, reflective of increased market confidence, despite the absence of direct regulatory or governmental statements on the project.
The lack of direct purchases involving ETH, BTC, or other cryptocurrencies highlights a focused approach. Sky Protocolโs $80M Token Buyback mirrors actions seen in other tokens like World Liberty Financial and Pump.fun but with unique impact levels compared to peer buyback programs. โNo quotes from executive leadership or KOLs were identified regarding the Sky Protocol buyback program. All information is sourced from official project dashboards and verified market updates.โ
Future market behavior remains speculative, yet historical outcomes suggest buyback programs can stimulate price. Historical examples include various market responses from price gains to losses, suggesting potential varying responses.
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