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Sky (SKY) token drops 11.7% amid broad crypto market selloff with no specific catalyst.

Market News
07 Oct 2026
Coincu
View Source
Bearish
Sky (SKY) token drops 11.7% amid broad crypto market selloff with no specific catalyst.

Sky (SKY) token fell 11.7% on October 7, 2026, significantly more than the overall crypto market's 5.33% decline, driven by a broad market selloff and amplified by SKY's low liquidity. No specific project-related event or regulatory action caused the drop, making it a market-wide risk-off move. SKY's price is sensitive to Bitcoin's dominance, which currently limits altcoin liquidity. Investors should watch for any governance updates or volume changes that might signal a directional shift.

Sky (SKY) token is trading at Rp1.413 on Pluang, down 11.75% as of October 8, 2026, 04:04 WIB. The token's market cap stands at Rp33.29 trillion with a 24-hour trading volume of Rp836.35 million. Despite the sharp drop, Pluang order activity shows strong buying interest at 99%, while typical holding time remains 15 days, highlighting ongoing investor engagement amid the broader market selloff.

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Sky token (SKY) drops 4.07% in one hour, extending 24-hour loss to 11.33%.

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