COINOTAG News reported on December 22 that Sky Protocol disclosed via social channels that it repurchased 32.3 million SKY tokens using 1.9 million USDS in the prior week. The repurchase is part of an ongoing program aimed at tightening tokenomics and reinforcing treasury discipline.

Since the launch of the program, the cumulative USDS spend on buybacks has exceeded 94 million, underscoring the platform’s commitment to capital management and shareholder-like value creation for SKY holders. The cadence and size of these operations provide visible cues about treasury strategy and risk controls.

Market observers will watch for continued execution and any changes to the program’s terms, as ongoing buybacks can affect liquidity, price discovery, and investor confidence. For readers, monitoring official Sky Protocol updates remains essential to assess SKY token economics and long-term value proposition.