Sky Protocol Crypto has spent $ 75 million in the past six months on a plan to restore a distinctive symbol, which strengthened its price by 8 % since February.
Sky, which was renamed from a maker in August 2024, He said On Monday, in August, 5.5 million Stablecoin used on its platform, USDS, to buy 73 million Sky (Sky) icons.
He added that it had raised the total repurchase spending to $ 75 million since the start of the plan, which started in late February.
Re -purchasing operations It is a famous mechanism that uses encryption projects to increase the prices of the distinctive symbol because it removes symbols from trading, restricting the supply and making them more valuable.
Sky 8 % since the start of the re -purchase
The process of re -purchasing Sky began on February 24, where the platform spends $ 4.28 million this month on its program, according to what it said Data From its own dashboard.
At that time, Sky was a slightly higher trading than 6.3 cents, and it has since gained 8.1 % until it is now trading more than 6.85 cents, Coingecko He appears.
Sky reached a height of 9.6 cents in late July, about 10 cents peak in December. He then slipped alongside the broader market in late July, but failed to follow a wider recovery in mid -August.
Compared, the distinctive symbols of similar platforms (uniswap (Uni(AAVE)ghostIn a row, you gained 6 % and 25.8 % since Sky began to rebuild, with both seeing a recovery in mid -August.
World Liberty Financial, Pump.fun joined the repurchase plans
TROMPS, World Liberty Financial, too A symbolic re -purchase process Burn to its community on Monday.
The project suggested using all protocol fees to decline and destroy its international symbol (WLFI), which has a self -title, which decreased in value amid its release on secondary exchanges.
WLFI has decreased more than 16 % to 23 cents since it started circulating nearly 18 hours ago, but the first investors who bought the distinctive symbol at 1.5 cents will continue to wear a profit more than 1,400 %.
In mid -July, the MEMECOIN POMP.fun’s creation platform is also The distinctive code re -purchasing scheme started For her symbol, pump.fun (pump), using her revenues, which spent $ 66.5 million on Tuesday.
It seems that its purchase plan is working so far, as it has gained approximately 30 % over the past month, and increased by almost 70 % from its lowest level ever on July 29, per Co RINingCko.
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