{"id":58720,"date":"2025-09-02T10:58:29","date_gmt":"2025-09-02T10:58:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sky-protocol-buyback-program-starts-paying-off-as-sky-token-jumps-12\/"},"modified":"2025-09-02T10:58:29","modified_gmt":"2025-09-02T10:58:29","slug":"sky-protocol-buyback-program-starts-paying-off-as-sky-token-jumps-12","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sky-protocol-buyback-program-starts-paying-off-as-sky-token-jumps-12\/","title":{"rendered":"Sky Protocol buyback program starts paying off as SKY token jumps 12%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/SKY-token-price-surge-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/SKY-token-price-surge-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/SKY-token-price-surge-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/SKY-token-price-surge-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Sky Protocol has spent nearly $75M on buybacks since February 2025.<\/li>\n<li>SKY token has risen by 12.6% in a week, nearing previous highs.<\/li>\n<li>Buybacks reduced supply and boosted investor confidence.<\/li>\n<\/ul>\n<p>The price of the SKY token has jumped 12.6% over the past seven days as the Sky Network buyback program starts to bear fruits.<\/p>\n<p>The steady rise comes after months of token repurchases, with Sky Protocol investing tens of millions of dollars to reduce supply and stabilise market confidence.<\/p>\n<h2>Sky Protocol\u2019s buyback strategy<\/h2>\n<p>Sky, formerly known as Maker before <a href=\"https:\/\/coinjournal.net\/news\/maker-protocol-rebrands-to-sky-dai-stablecoin-rebranded-to-usds\/\">rebranding<\/a> in August 2024, has made headlines with its aggressive buyback plan.<\/p>\n<p>Since February this year, the protocol has used nearly 75 million USD to purchase SKY tokens directly from the market.<\/p>\n<p>The <a href=\"https:\/\/x.com\/SkyEcosystem\/status\/1962578840183570602\">most recent update<\/a> revealed that in August alone, Sky spent 5.5 million USD to acquire 73 million tokens.<\/p>\n<p>Notably, this consistent activity has helped to gradually lift the token\u2019s price.<\/p>\n<p>In late February, SKY was trading just above six cents.<\/p>\n<p>Today, it is changing hands at a little over seven cents, and while the number may look modest, it marks a meaningful recovery for a token that had faced periods of volatility.<\/p>\n<p>The buybacks are designed to reduce circulating supply, creating upward pressure on value while signalling financial confidence from the project\u2019s side.<\/p>\n<h2>SKY token price recovery gains momentum<\/h2>\n<p><a href=\"https:\/\/www.coingecko.com\/en\/coins\/sky\">Market data from Coingecko<\/a> shows that SKY has gained more than 12% in the past week, outperforming several other decentralised finance tokens.<\/p>\n<p>The token\u2019s performance since the start of the buyback has been steady, rising over 8% across six months despite broader market swings.<\/p>\n<p>In late July, SKY even touched 9.6 cents, getting close to its all-time peak of just over ten cents recorded in December, before taking a surprising dip to just above six cents in August.<\/p>\n<p>By comparison, Uniswap\u2019s UNI token has risen about 6% in the same timeframe, while Aave\u2019s AAVE has gained over 25%.<\/p>\n<p>These comparisons highlight that although SKY has not delivered the strongest returns, its growth is tied directly to a deliberate financial mechanism rather than just speculative market sentiment. This distinction makes Sky\u2019s approach stand out within the altcoin space.<\/p>\n<h2>Why the buybacks matter<\/h2>\n<p>Token buybacks are not new in crypto, but Sky\u2019s scale and consistency are drawing attention.<\/p>\n<p>By removing tokens from circulation, the project is reducing potential selling pressure and rewarding holders with gradual value appreciation.<\/p>\n<p>The fact that Sky has committed $75 million to this strategy suggests a strong treasury position and confidence in its ecosystem.<\/p>\n<p>Other projects, such as World Liberty Financial and Pump.fun, have also launched similar programs, indicating that the model may become more common across the industry.<\/p>\n<p>For Sky, the coming months will be crucial in determining whether the current momentum can be sustained, especially if market conditions turn volatile again.<\/p>\n<p>Investor sentiment already appears to be shifting in line with these efforts. A token that fell to a low of 3.5 cents earlier this year has nearly doubled from that point, reflecting renewed faith in its long-term role.<\/p>\n<p>With a market capitalisation of around $1.64 billion and more than $6.2 billion in total value locked on the platform, Sky is positioning itself as one of the more stable players in DeFi.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sky-protocol-buyback-program-starts-paying-off-as-sky-token-jumps-12\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Sky Protocol has spent nearly $75M on buybacks since February 2025. SKY token has risen by 12.6% in a week, nearing previous highs. Buybacks reduced supply and boosted investor confidence. The price of the SKY token has jumped 12.6% over the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":58721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/58720"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=58720"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/58720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/58721"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=58720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=58720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=58720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}