SKY Governance Coin priceSKY

According to OnchainLens monitoring data, a notable whale pulled assets from Kraken about seven hours ago, signaling meaningful on-chain activity and liquidity shifts. The exit included 2,218 ETH ($6.52 million), 37.1 million SKY ($2.36 million), and 4,772 AAVE ($7.3036 million). The same wallet previously received 519 ETH ($1.62 million) from Wintermute 19 days ago and now holds 2,738 ETH ($8.07 million) in aggregate, underlining a sizable on-chain reserve and potential liquidity influence.

BlockBeats News, December 29, according to OnchainLens monitoring, a whale withdrew 2,218 ETH ($6.52 million), 37.1 million SKY ($2.36 million), and 4,772 AAVE ($7.3036 million) from Kraken 7 hours ago. The wallet received 519 ETH ($1.62 million) from Wintermute 19 days ago and currently holds a total of 2,738 ETH ($8.07 million).

SKY - A governance token of the Sky Ecosystem Sky (SKY) is the governance token of the Sky Ecosystem and the technical and functional evolution of MKR. Importantly, all SKY holders can use their SKY tokens to participate directly in Sky Ecosystem Governance through a system of onchain voting, and/or to transfer the voting power of their SKY tokens to a recognized delegate or a contract that they own. Maker began in 2014, as a small community-governed project responsible for developing the Maker Protocol on the Ethereum blockchain. Maker quickly grew to find success with the development of its DAI stablecoin. DAI enabled the Maker Protocol to become the first decentralized finance (DeFi) liquidity protocol with a product-market fit. The Maker Protocol grew to such an extent that by 2021, effective governance by its monolithic community proved challenging.  While the complexity of Maker had been necessary to pursue the best opportunities in the market, the community felt that there existed scaling issues that ultimately held the project back. The rebrand of Maker to the Sky Ecosystem, in 2024, took the former Maker Protocol to the next level with technology that focuses on resilience and simplicity while remaining decentralized and non-custodial. In short, the Sky Protocol features products and tools, organizational restructuring, and token upgrades — i.e., USDS, the upgraded version of DAI; and SKY, the upgraded version of MKR. #sky $SKY

The Altcoin Season Index, closely followed by investors in the cryptocurrency market, revealed that the market still exhibits a Bitcoin-dominated appearance. According to current data, the index is at 15/100, which clearly indicates that the market is in Bitcoin Season. The Altcoin Season Index has failed to gain upward momentum recently. The index was measured at 17 yesterday, 19 last week, and 24 last month, indicating a weakening appetite for altcoins. The highest level recorded this year was 78 on September 20, 2025, during the “Altcoin Season,” while the lowest was 12 on April 26, 2025, again during the Bitcoin Season. The current situation reveals that the market has moved significantly away from its peak period this year. Related News The 15 Altcoins That Generated the Most Revenue During High Volatility Have Been Revealed - Here's the List However, among the top 100 assets, several altcoins have outperformed Bitcoin in the last 90 days. While Bitcoin lost 22.85% of its value in the last 90 days, BNB (-17.09%), TRX (-16.47%), LEO (-17.90%), NFT (-14.65%), and SKY (-6.28%) were among the assets that stood out in negative territory. However, some limited projects experienced remarkable gains. Low market cap assets like PIPPIN (+2105%) and BEAT (+2002%) saw sharp increases, while privacy-focused cryptocurrencies such as ZEC (+605%), DASH (+74%), and XMR (+52%) also showed positive divergence in the last 90 days. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!