According to @EmberCN, the Sky treasury company (SDEV) has been identified holding $SKY tokens across seven blockchain wallets. These wallets collectively contain 2.135 billion $SKY tokens, valued at approximately $156 million, including 31.6 million $SKY tokens earned from staking. This discovery highlights SDEV's significant asset management strategy in the $SKY ecosystem, providing insights into their on-chain token holdings.

According to Milk Road (@MilkRoadDaily), since February 24th, SkyEcosystem has been conducting daily buybacks averaging $600,000 worth of $SKY tokens, creating consistent buying pressure. This aggressive buyback program has resulted in a 48% increase in $SKY's price since the announcement, signaling strong bullish momentum and attracting increased trading volume. Traders are closely monitoring the ongoing buybacks as a key factor influencing $SKY's liquidity and potential for further upward price action (source: Milk Road Twitter, June 16, 2025).