Sky Protocol Repurchases 130 Million SKY Tokens in January, Total Exceeds $106 Million

Sky Protocol Advances Token Buyback Plan

Recently, Sky Protocol announced on its official social media platform that it repurchased 130 million SKY tokens using 8.5 million USDS in January 2025. This marks a continuation of the buyback initiative launched in February 2025, with the total amount now exceeding $106 million.

Buybacks Reinforce Market Confidence

By consistently repurchasing tokens, Sky Protocol aims to reduce the circulating supply of SKY, thereby generating long-term value for holders. This strategy not only enhances token scarcity but also strengthens community trust in the project’s future.

• Buyback amount: $8.5 million USDS
• Token quantity: 130 million SKY
• Timeframe: January 2025

Looking Ahead

As the buyback initiative progresses, Sky Protocol plans to further refine its economic model, ensuring the ecosystem’s long-term sustainability and delivering greater value to participants.