The repurchase pace of Sky Protocol has accelerated significantly recently. Last week alone, 1.9 million USD was used to directly acquire 32.3 million SKY Tokens. What does this move indicate? The project party is still confident about its development prospects.
Since the launch of the buyback plan, over 94 million USD has been invested. This continuous investment of real money clearly demonstrates the determination of the management. The Token buyback strategy seems simple, but it has significant effects—reducing circulation, supporting prices, and showcasing the project's actual financial strength. Especially in this market environment, everyone is watching who is truly putting in money and who is just talking. SKY's recent actions have at least alleviated many doubts through their actions. Such proactive buyback measures tend to gather popularity during market downturns because they convey a message—that the project party has plans for the future.
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The repurchase pace of Sky Protocol has accelerated significantly recently. Last week alone, 1.9 million USD was used to directly acquire 32.3 million SKY Tokens. What does this move indicate? The project party is still confident about its development prospects.
Since the launch of the buyback plan, over 94 million USD has been invested. This continuous investment of real money clearly demonstrates the determination of the management. The Token buyback strategy seems simple, but it has significant effects—reducing circulation, supporting prices, and showcasing the project's actual financial strength. Especially in this market environment, everyone is watching who is truly putting in money and who is just talking. SKY's recent actions have at least alleviated many doubts through their actions. Such proactive buyback measures tend to gather popularity during market downturns because they convey a message—that the project party has plans for the future.