Sky (SKY) Jumps 7.1% After Galaxy Digital Allocates $100M to sUSDS
- —SKY gained 7.10% to $0.0820569 in 24 hours
- —Galaxy Digital allocated $100M to sUSDS and approved it as collateral
- —Trading volume was 157.8% above the 30-day average
- —SKY is up 19.63% on the week but 98.69% below its $6.24 all-time high
Why it matters: Institutional capital flowing into sUSDS boosts the protocol's fee revenue and reinforces the RWA narrative, supporting demand for SKY.
Source: DiarioBitcoin