Sky Protocol's governance token, SKY, fell 12% as of Oct. 8, coinciding with a 13% drop in open interest on perpetual contracts and a shift to negative funding rates, indicating weaker leveraged demand and increased downside risk. Despite these signs, the data does not confirm further price declines. Sky Protocol reported strong on-chain activity with nearly $1 million in fees over 24 hours and $6 billion in total value locked, reflecting robust usage of its Ethereum-based platform. Later, SKY's price rebounded by over 9%, showing market volatility but no clear trend direction yet.
As of Oct 09, 2026 07:11 WIB, SKY trades at Rp1.367 on Pluang, down 4.67% in the last day with a market cap of Rp32,21 trillion. The platform shows a nearly balanced order activity with 46% selling and 54% buying, and investors typically hold SKY for about 15 days. This trading behavior follows the recent volatility and price fluctuations reported in the news. Notably, SKY's market cap remains substantial at Rp32,21 trillion.
SKY experienced a 12% price drop driven by increased whale activity and heavy selling pressure, causing significant losses for long traders compared to shorts. The perpetual market shows signs of further decline with a negative Funding Rate and a 13%...
Among the 89 largest cryptocurrencies, Jupiter (JUP) saw the biggest gain with a 14.22% increase to $0.378, while most major tokens declined over the 24 hours ending Oct. 8. Other notable gainers included Raydium (RAY) up 11.28% and Bitway (BTW) up 1...
Bitcoin fell 1.63% to $82,926 on October 8 amid a 4.44% decline in the total cryptocurrency market, which now stands at $2.83 trillion. Major tokens like Ether, XRP, Solana, and Dogecoin also saw losses, while BNB remained nearly flat. NEAR Protocol ...
Bitcoin (BTC) fell 2.41% to trade below $83,000 as the cryptocurrency market experienced a broad decline. The real-world asset (RWA) sector saw the steepest losses, dropping 6.73%, with tokens like Sky (SKY) and Ondo Finance (ONDO) falling 9.85% and ...
Raydium (RAY) surged 12.93% to $2.42, leading gains due to recent upgrades that improved its liquidity pools on the Solana platform. This highlights growing investor interest in decentralized finance (DeFi) projects that enhance user experience and l...
