Sky Protocol's total buyback investment exceeds $100 million, with an additional $1.9 million invested last week.

2026-01-20 01:54:08

【ChainWen】Sky Protocol recently carried out another buyback operation, investing $1.9 million last week to acquire 31,570,000 SKY tokens. Since its launch, this decentralized buyback mechanism has accumulated over $102 million in investments. It seems they are quite confident in their long-term value.

SKY-3,36%

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wrekt_but_learning

· 17h ago

It's already 100 million, and the momentum is indeed significant. I'm a bit tempted to jump in but also worried about getting trapped.

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Tokenomics911

· 17h ago

100 million USD buyback, this move is really bold, just not sure how long they can keep it up --- Buyback fanatic, spending money every week, this move truly impresses me --- SKY is full of confidence this time, let's see if they can deliver on the value later --- 102 million USD, if it turns into zero, that would be a problem... --- Continuous buybacks are real, but it depends on when the price can go up --- Constantly shouting about buybacks, might as well see if the project itself has growth --- Buying so much against the market, either a genius or gambling on tomorrow

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GateUser-e51e87c7

· 18h ago

1 Billion USD Buyback? That’s really ambitious. --- Buying back every day but not seeing the price go up, I’m a bit confused. --- Throwing money into buybacks is not as good as giving back to the community. --- Wow, with this frequency, it feels like they’re gambling on the project surviving. --- Remember how some projects’ buybacks ended up... --- 190,000 isn’t much; the key is how they operate afterward. --- Seeing the project team so desperately buy back tokens, I actually feel a bit exhausted. --- If it were truly valuable, why go through so much trouble? --- Is the buyback mechanism transparent, or is this just another marketing stunt?

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MetaverseHomeless

· 18h ago

One billion dollars have been invested, how confident they must be in themselves. They really treat money like paper and burn it, I wonder if SKY can outperform the market later. Buyback... it's an old trick, I've seen too many such promises. No, can $1.9 million really move the market? I haven't seen it. How long do we have to hold on to break even? Sky's sincerity is there, but the coin price speaks for itself. By the way, continuously pouring money in, isn't there a big inflation pressure? There's something there, at least no intention of running away.

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