The short-term movement of SKY is affected by selling pressure from major holders, with the $0.069–$0.071 range serving as a key support level. A breakdown below this zone could increase downward risk. In the medium to long term, institutional strategic lockups by SDEV and ecosystem expansion significantly improve underlying market liquidity and expectations. The new listing on exchanges has caused temporary volatility, but the $0.08–$0.085 zone remains the main resistance level. It is recommended to focus on risk control around the support area in the short term. If volume breaks and holds above $0.08, short-term swing positions may be considered. In the medium to long term, attention should be paid to progress in ecosystem application adoption and changes in institutional holdings to seize opportunities for structural upside.

Recently, a major holder took profits on a large scale around $0.076, transferring nearly 50 million tokens in one day, putting direct pressure on the price. On March 22, trading volume surged to over 36.7 million tokens, with the price briefly breaking below the $0.071 support and stabilizing between $0.0695–$0.0707. Although the price partially recovered on the following day, overall sentiment remained dominated by sellers, making it critical to observe whether the $0.069–$0.071 bottom holds in the short term. Another significant transfer to an exchange on March 25 further increased market volatility, confirming the prevailing short-term selling pressure.

A whale investor who bought 97.13 million $SKY tokens near market lows in November 2025 at $0.048 each has begun selling off after making a 58% profit, totaling $2.72 million unrealized gains. The investor transferred 50 million $SKY tokens worth about $3.8 million to Binance at around $0.076 to realize profits. Currently, $SKY has dropped 9.8% in 24 hours, trading at $0.07099. $SKY was created by converting MKR tokens.

A Whale in the Altcoin Market Has Begun Gradually Selling Off After Making Substantial Profits

According to ChainCatcher and Arkham data, at 22:56, 185 million SKY tokens, valued at approximately 14 million USD, were transferred from Coinbase Prime to an anonymous address starting with 0xC65b.

Data: 185 million SKY transferred out from Coinbase Prime, valued at approximately 14 million USD.

Stablecoin developer SDEV has been accumulating large SKY holdings since the private fundraising phase, currently holding over 2.135 billion tokens, accounting for nearly 9% of the total supply, and enjoying considerable yields from staking. This strategic-level position continued aggregating to on-chain addresses after March 23 and saw large-scale custodial transfers on March 25, highlighting institutional confidence in the Sky stablecoin protocol. Such substantial lockups raise the liquidity ceiling, enhancing medium- to long-term supply stability and reinforcing market expectations.

Stablecoin Development Corporation (SDEV), formerly NovaBay Pharmaceuticals, has shifted from healthcare to crypto and stablecoin development. After raising approximately $134 million in private funding from investors including Framework Ventures and Tether Investments, SDEV invested over $100 million to acquire about 2.06 billion SKY tokens, representing 8.78% of the total supply, primarily to support the decentralized stablecoin protocol Sky. The company has also begun staking SKY tokens, earning around 26.6 million in rewards.

Stablecoin company SDEV has invested over $100 million in SKY tokens.

Sky Treasury company SDEV holds approximately 2.135 billion $SKY tokens across 7 on-chain wallets, valued at around $156 million. This includes about 31.6 million $SKY in staking rewards worth $2.31 million, with an average purchase price of $0.065 per token. On March 25, SDEV withdrew 184 million $SKY, worth about $14 million, from Coinbase Prime to on-chain wallets.

Sky Treasury company SDEV currently holds over 2.10B SKY, worth approximately $156.00M.

The announcement that the SKY/KRW pair would be listed on Upbit on March 31 fueled market enthusiasm, with daily trading volume soaring to nearly 94.8 million tokens and the price peaking at $0.08349, up over 13% from the previous day. However, selling quickly followed, pulling the price back to around $0.07442, establishing strong resistance around the $0.08–$0.085 zone. Current price and volume dynamics indicate that sustained volume and a hold above $0.08 could open up new bullish opportunities, while failure to do so may lead to sideways consolidation.

Upbit has officially announced that it will list the SKY/KRW trading pair.

Upbit will list the SKY/KRW trading pair.

The Sky ecosystem is expanding by onboarding institutions such as Securitize and Maple Finance, as well as eight new capital allocators added by Obex, with deployed volume reaching $1 billion in USDS for diversified yield strategies. The token’s use cases are continuously broadening, and benefits from staking and multi-platform yields are shifting the token from a mere store of value to a practical tool. Since the late February low, SKY has rebounded over 13%, and as ecosystem projects gradually launch, the medium- to long-term bullish outlook warrants attention.

Sky Ecosystem is diversifying its revenue streams and yield strategies, with new platforms like Securitize and Maple Finance joining its agent network. Sky-backed Obex has onboarded eight new capital allocators, deploying up to $1 billion in USDS for innovative yield strategies. This expansion could boost $SKY token utility and price, which is currently around $0.071, up 13% from February lows. Positive fundamentals and growing adoption support a potential rally to $0.10 or higher, though risks remain.

Sky price outlook as project diversifies revenue streams and yield strategies

Skycoin

Wall Street Breakfast | April 2, 2026

BoK: Higher inflation path points to July hike – ING

US strikes on Iran heighten odds of military escalation

The Bank of Canada: The Iran war should not overshadow other economic risks.

Global markets are fretting about growth due to the war in Iran. A slowdown is something stocks can handle. However, the risk that the global economy tips the wrong way is also increasing.

Fed's Musalem: The current interest rate setting remains appropriate

BoE's Bailey: Markets getting ahead of themselves by pricing in rate hikes – Reuters

Exclusive: Bank of England's Bailey says investors should not count on UK rate hikes

What Friday's high-profile US jobs report means for Bitcoin price

Is the Middle East war really coming to an end?

Bybit-ge

Live chart for Skycoin to USD conversion. Check out SKY to USD prices in real time. Convert, buy, sell, and trade Skycoin on Bybit-ge.

Skycoin Price: SKY Live Price Today | SKY Market Cap & Chart Analysis | Bybit-ge

current_price

price_change_24h

high_24h

low_24h

volume_24h

market_cap

circulating_supply

ath_price

atl_price

SKY price today is 0.08, with a live price change of 3.71 in the last 24 hours. Convert, buy, sell and trade SKY on Bybit-ge.

Track Skycoin live price, market cap, 24-hour trading range, and real-time chart data on Bybit-ge.

Skycoin Price

Price Statistics

Skycoin News

What Can You Do With Skycoin?

Price History (USD)

Skycoin Resources