SKY Governance Token Prediction

About SKY Governance Token (SKY)

SKY Governance Token is a large-cap governance asset on Ethereum with a $1.5B market cap and deep liquidity of $8.6M on Uniswap v2. The token exhibits extreme holder concentration with the top 10 wallets controlling 88% of supply, creating significant centralization risk despite its governance utility. Current market dynamics show heavy selling pressure with a 10:1 sell-to-buy transaction ratio, though the token maintains institutional-grade liquidity and a strong security profile.

Current price: $0.066715

Market cap: $1.54B

Liquidity: $8.62M

Holders: 11.9K

SKY Governance Token Price Prediction

SKY is experiencing notable selling pressure with a -4.55% decline over 24 hours and a heavily skewed sell transaction count (448 sells vs 44 buys). The 56.2% sell pressure combined with net outflows of approximately $85K suggests continued downward momentum in the immediate term.

Medium-term outlook remains uncertain given the extreme holder concentration (88% held by top 10 wallets) and declining holder count over 30 days (-107 holders). However, the $1.5B market cap and $8.6M liquidity provide some stability for a governance token of this scale.