Sky Token Approaches December Record Amid Stablecoin Growth
Sky (SKY)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Sky (SKY) is trading at $0.09669, placing it just 3.8 percent below its December 2024 record of $0.100535. This proximity to the all-time high occurs while Bitcoin remains roughly a third below its own peak. Over the past week, the token has gained 25.8 percent, and over the month it has risen by 39.7 percent.
The protocol’s internal stablecoin, USDS, has reached a supply of $10 billion. The savings rate on USDS currently stands at 3.60 percent annually. In September, a listed asset manager added $100 million of USDS to its corporate treasury.
Meanwhile, the EU is developing rules that may specifically impact such stablecoins in Europe. Over the last 24 hours, the price ranged between $0.08724 and $0.09779. This daily high marks the highest level seen in nearly two years. The price gained 8.46 percent in a single day, contrasting with Bitcoin’s less than one percent movement over the same period.
How the market reacted
Whalio's own Binance spot order flow for SKY, measured when this story was written up on 4 October 2026. Not the outlet's figures.
Whalio data shows Sky trading at $0.09086 with a 1-hour buy ratio of 69.1 percent, indicating strong immediate buying pressure. This 1-hour ratio is significantly higher than the 4-hour ratio of 54.9 percent and the 24-hour ratio of 49.5 percent. The 1-hour volume delta is positive at $66,170, while the 4-hour delta is also positive at $63,189. However, the 24-hour volume delta is negative at -$28,080, suggesting that buying pressure has faded over the full day. A positive volume delta means buyers are executing more trades by volume than sellers, while the buy ratio shows the percentage of trades initiated by buyers. The cumulative volume delta for the day closed at +$278,454, with net buying occurring in 13 of the last 24 hours.
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.
Over the preceding week, the average buy ratio was 54.4 percent, making the latest day’s 49.5 percent ratio 4.9 points lower than the average. Volume for the day was only 0.56 times the weekly average, indicating a quieter trading session. Despite lower volume, the coin experienced net buying for 7 consecutive days. The price increased by 16.2 percent over the eight-day period, with a total volume delta of +$4,103,987. This represents an unusual day for the coin, characterized by a drop in volume relative to the average but sustained directional buying.