SKY Token Surges Amidst Broader Crypto Market Decline

SKY Token experienced a significant price surge, gaining 8.8% in 24 hours to $0.07357, despite a broader decline in the crypto market.

The token's daily range reached $0.06761 to $0.07593, with its market capitalization standing at $1.724 billion and 24-hour trading volume reaching $47.91 million.

SKY gained 11.3% against Bitcoin and 11.4% against Ethereum during the same period, bucking the trend of major crypto assets declining in value.

This upward momentum comes on the heels of recent corporate activity involving Sky Protocol, including Galaxy Digital's announcement that it had added $100 million of sUSDS to its corporate treasury and approved the stablecoin as eligible collateral across its institutional trading business.