Sky’s SKY token rose 8.8% in 24 hours to $0.07357, even as the broader crypto market declined. CoinGecko data at 16:35 UTC on September 23 showed SKY trading between $0.06761 and $0.07593, with a market capitalization of $1.724 billion, fully diluted valuation of $1.727 billion, $47.91 million in 24-hour volume and $5.916 billion in total value locked. SKY gained 11.3% against Bitcoin and 11.4% against Ethereum. Its circulating supply was 23.424 billion tokens, compared with total supply of 23.46 billion and maximum supply of 23.463 billion. The token remained 26.8% below its $0.1005 all-time high but 105.3% above its $0.03583 all-time low. The global cryptocurrency market capitalization fell 1.9% to approximately $2.97 trillion, with $119.44 billion in aggregate 24-hour trading volume. Bitcoin, Ethereum, BNB and XRP all declined, while Tether was little changed. Separately, Galaxy Digital added $100 million of Sky Protocol’s sUSDS stablecoin to its corporate treasury, approved it as collateral for institutional trading and acquired an undisclosed amount of SKY. The development came as Chainalysis reported $9.4 trillion in global crypto-economy activity between July 1, 2025, and June 30, 2026, despite an approximately 50% decline in the broader market over that period.