
Sky Protocol reports repurchasing 29.3 million SKY tokens last week, with total buybacks now surpassing 96 million USDS since its initiative began.
Sky Protocol announced via X that it repurchased 29.3 million SKY tokens last week using 1.9 million USDS. According to the company, this is part of its ongoing buyback program, which has now reached cumulative repurchases exceeding 96 million USDS since inception. The strategy aims to reduce the circulating supply of SKY tokens, potentially supporting value through consistent market activity.