Sky has completed its second token burn, destroying 7.37 million SKY tokens, which is approximately 2.6 times the amount burned in its first token burn event. This action is part of Sky's Stage 2 capital allocation framework, where 5% of the company's monthly net surplus is allocated for buying back and burning SKY tokens. Token burns reduce the total supply of tokens, potentially increasing their value by creating scarcity. This move signals Sky's ongoing commitment to managing token supply and supporting token value for holders.
Sky's second token burn destroyed 7.37 million SKY tokens, about 2.6 times the amount burned in its first event. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 14, 2026 15:21 WIB: out of 50 major cryptocurrencies, 15 rose and 34 fell. Notable movers include ONE at Rp31 with a 1-day change of -3.44% and a Pluang order activity of 54% Sell / 46% Buy, COTI at Rp224 with -3.42% change and 25% Sell / 75% Buy activity, and KSM at Rp83,698 with -3.02% change and 90% Sell / 10% Buy activity.
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