Crypto
Sky Token Plummets 4.67% in One Hour on Binance
Sky (SKY) experienced a sharp drop of 4.67% within an hour, falling to $0.09532 at 11:12 p.m. ET on October 5 (03:12 UTC on October 6). The decline was observed in a spot SKY/USDT snapshot from Binance, where the token had previously traded at $0.09999.
Despite the sudden drop, SKY maintained a 3.53% gain over the 24-hour period leading up to the snapshot. The volatility triggered liquidations totaling $10,000 for both long and short positions across Binance, Bybit, and OKX during the same hour.
No specific reason for the one-hour price decline was provided in the report. The article was written by Enna Lee, a reporter covering investing and digital-asset markets for TokenPost.