Sky Protocol's governance token SKY is trading between $0.066 and $0.067, with a daily trading volume of $20 million to $40 million, and a market capitalization close to $1.5 billion. Technical analysts point out that SKY is forming a rounded bottom pattern, with a key neckline at $0.0778. The project has spent approximately $75 million on buybacks, removing 73 million tokens from circulation. On-chain data shows that the token has been accumulated again, with a wallet cluster holding about 1.04 billion SKY tokens, worth $68.5 million. Framework Ventures recently staked an additional 53.46 million tokens, bringing its total staked SKY to over 202 million tokens.