SKY Token Rises 8.8% as Galaxy Digital Adds sUSDS to Treasury
Sky (SKY)
Editor:
Eugene Serbin
cryptotimes.io reported that Sky (SKY) gained 8.8% in 24 hours to trade at $0.07357, bucking a broader market decline. The token’s market capitalization reached $1.724 billion with a trading volume of $47.91 million. Galaxy Digital announced it added $100 million of Sky Protocol’s sUSDS to its corporate treasury and approved the stablecoin as collateral for institutional trading.
Greg Feibus, Global Head of Capital Markets at Sky Frontier Foundation, confirmed the acquisition of an undisclosed amount of SKY tokens. This move allows Galaxy’s clients to post sUSDS as collateral while continuing to accrue the Sky Savings Rate. The announcement follows data from Chainalysis showing the global crypto economy generated $9.4 trillion in activity between July 2025 and June 2026.
During this period, Bitcoin traded at $84,220.56, down 2.4%, while Ethereum stood at $2,661.74, lower by 3.0%. SKY gained 11.3% against Bitcoin and 11.4% against Ethereum over the same window. The token remains 26.8% below its all-time high of $0.1005 but 105.3% above its all-time low of $0.03583.
How the market reacted
Whalio's own Binance spot order flow for SKY, measured when this story was written up on 23 September 2026. Not the outlet's figures.
Whalio data shows SKY trading at $0.06929 with a 1-hour buy ratio of 50.3% and a 4-hour buy ratio of 53.5%, compared to a 24-hour ratio of 50.4%. The volume delta indicates net buying pressure, with +$1,274 in the last hour and +$75,844 over four hours. Over 24 hours, the cumulative volume delta reached +$26,187, with a CVD close of +$446,867. Buying pressure appears stable rather than accelerating, as the 1-hour and 4-hour buy ratios are only marginally higher than the 24-hour average. This suggests consistent, moderate accumulation rather than a surge in aggressive buying. The market absorbed trades with a spot volume of $3,254,812 and 39,921 trades recorded in the last day.
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 46.5%, making today’s 24-hour ratio of 50.4% an increase of 3.9 points. This indicates a shift toward net buying, as the coin saw net buying on only 2 of the previous 7 days. However, the volume delta for the 8-day period was -$1,336,282, contrasting with the recent positive daily delta. Trading volume was 0.95x the weekly average, suggesting slightly lower activity than usual. Despite the price change of +13.4% over 8 days, the negative weekly volume delta highlights a divergence between price movement and recent cumulative flow trends.