Standard Chartered Forecasts 5x Rally for SKY Token by 2028
Sky (SKY)
Editor:
Eugene Serbin
coingape.com reports that Standard Chartered predicts a fivefold rally for the Sky token (SKY), projecting a price of $0.325 by 2028. The bank attributes this growth to broader adoption of the USDS stablecoin and increased onchain lending driven by traditional finance demand. Geoff Kendrick, global head of digital assets research at Standard Chartered, stated that value will flow to holders primarily through staking rewards rather than token buybacks.
Kendrick compared Sky, formerly MakerDAO, to a federal bank that issues stablecoins and charges wholesale interest rates. Sky is currently the third-largest stablecoin issuer after Tether and Circle, and the largest issuer of yield-bearing stablecoins. DeFiLlama data shows sUSDS total value locked at approximately $4.5 billion with a 3.6% annualized yield.
The bank projects the overall stablecoin market could reach $2 trillion by the end of 2028. Standard Chartered also forecasts Ethereum to reach $18,000 and Bitcoin to hit $300,000 by 2028. They claim SKY will roughly track Ethereum and outperform Bitcoin through that period. Visa recently combined settlement data with onchain lending to unlock credit opportunities for stablecoin-linked card programs.
How the market reacted
Whalio's own Binance spot order flow for SKY, measured when this story was written up on 11 September 2026. Not the outlet's figures.
SKY is trading at $0.05974 with a 1-hour buy ratio of 56.8%, indicating strong immediate buying pressure compared to the 46.0% ratio over the past 4 hours. The 24-hour buy ratio sits at 53.0%, suggesting that while short-term momentum is high, the broader daily trend is more balanced. Volume Delta for the hour is positive at +$33,400, contrasting with a negative -$33,561 over the 4-hour window, which shows that recent trades are favoring buyers after a period of net selling. Over the last 24 hours, the Volume Delta is +$127,588 with a Cumulative Volume Delta (CVD) of +$251,934, confirming net buying activity. Spot volume reached $2,159,505 across 21,881 trades, with net buying occurring in 18 of the last 24 hours. This flow indicates that traders are actively accumulating the token in the short term despite mixed signals over the longer 4-hour window.
The latest daily buy ratio of 49.8% sits at the 54th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for SKY, averaged over the days leading up to the story.
Compared to the preceding week, today’s 24-hour buy ratio of 53.0% is 5.8 percentage points higher than the 7-day average of 47.2%. This suggests that buying interest is currently above normal levels for the token. Trading volume today is 1.79 times the weekly average, indicating significantly heightened activity. However, the price has dropped 12.9% over the eight-day period, and the total Volume Delta for that week is -$304,469. While today shows a spike in volume and buy ratio, the weekly context reveals a net outflow of capital and a declining price trend over the past week.