2025-12-16 23:40:28

#大户持仓变化 $SKY Spot Analysis | 20251216 23:00 UTC

Recently, SKY has been quite interesting. Over the past day, the price has surged significantly, supported by several driving forces worth analyzing.

**Ecosystem is gaining momentum**

Sky Protocol is expanding its RWA (Real World Asset) strategy, backed by support from the Solana ecosystem — just this investment alone has poured in $500 million. This level of funding injection has immediately boosted the project's market presence. Meanwhile, the protocol-level buyback program is also ongoing, having repurchased over 5.55% of the total SKY supply, equivalent to 92 million tokens. This deflationary design provides some support for the token price.

**Technical indicators are indeed showing some heat**

On the chart, SKY displays several bullish signals. EMA alignment, MACD crossing, and price breaking above the upper Bollinger Band — all point to an upward trend. The bullish momentum, based on short-term performance, is quite evident.

**But don’t get too optimistic**

The RSI is currently at 80.19, firmly in the overbought zone. This usually indicates a risk of short-term pullback or consolidation. Additionally, the trading volume in the past 24 hours is somewhat ambiguous, making it difficult to precisely judge the sustainability of the current volatility.

There’s some unusual activity on-chain — 34.55 million SKY tokens have recently been transferred to anonymous addresses by large holders, along with several other large transactions. These behaviors may indicate liquidity concentration issues that warrant attention.

**What the community is saying**

The overall discussion sentiment is bullish. People are talking about accumulation patterns, confirmed trend reversals, and the underlying technical fundamentals. This consensus provides emotional support for further upward movement.

SKY1.04%

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LightningAllInHero

· 12-19 05:44

RSI is already over 80 and still bullish, this rhythm is a bit dangerous Major holders fleeing to anonymous addresses, does it feel like someone is dumping? Spending 500 million doesn't necessarily mean the price will go up? No matter how good the ecological story is, it still depends on trading volume Buying back 92 million tokens sounds like a lot, but with such a large supply, can it really be deflationary? Wait, 34.55 million tokens transferred away, is this the night before someone is harvesting the gains? Breaking the Bollinger Bands to go long? It looks more like a trap to lure buyers The most frustrating part is the ambiguous trading volume. If you can't see the real situation clearly, how can you go all-in? The 500 million investment in Solana sounds intimidating, but has it actually been implemented? Bullish consensus is often the most dangerous thing

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not_your_keys

· 12-17 15:56

SKY this wave feels overly hyped, RSI is already over 80 and they're still praising it, a typical warning sign of a pump and dump.

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ProposalManiac

· 12-17 00:09

The move of large holders transferring to anonymous addresses is basically trying to concentrate liquidity. The historical lessons are right there—during the 2017 rally, many projects ended up losing everything because of this tactic. RSI over 80 bullish consensus sounds great, but from a mechanism design perspective, this is precisely the point most vulnerable to precise harvesting. We need to consider the issue of incentive compatibility.

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BlockchainRetirementHome

· 12-17 00:09

RSI 80 breaks the top, big players疯狂 selling, this wave of bulls is probably going to crash --- $500 million invested, what are you afraid of? Solana ecosystem endorsement is solid, sky is taking off and no escape --- What’s with the 34,455,000 tokens transferred to anonymous addresses? Feeling a bit uneasy --- Bollinger Bands breakout just started to hype, waiting for a pullback and then crying, old tricks indeed --- Buyback of 92 million tokens, this deflation tactic is really fierce, the coin price has a support bottom line --- Overbought zone still pushing upward? Bullish sentiment is爆炸, beware of a crash site --- Solana ecosystem + RWA strategy, I like this combo punch, but short-term consolidation is indeed needed --- Trading volume so vague, what’s the point of analysis? Data is unclear --- Community full of bullish comments, now is the time to be cautious, friends wake up --- EMA aligned with MACD crossover, these indicators are overplayed, real buying volume is the key

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SerNgmi

· 12-17 00:04

35.45 million transferred to anonymous address? That doesn't seem right, is someone running away? --- RSI is already at 80 and still chasing, this correction might hurt. --- Is it worth throwing 500 million on Solana? We'll see the true story in half a year. --- Rebuying 92 million tokens sounds great, but I'm afraid it's a smoke screen. --- Bullish technical signals piling up, easy to get crushed. --- Large holders transferring to anonymous addresses usually isn't a good sign, be cautious. --- Breaking the upper band of Bollinger Bands, is this really genuine or just another scam to collect trading fees? --- What is this vague trading volume? The data is too manipulated. --- The accumulation pattern is popular in the community, but the market will decide. --- RWA strategy sounds impressive, but I don't know if it can be implemented.

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ColdWalletGuardian

· 12-17 00:03

$500 million USD invested just to pump the market, the old tricks are so tired --- RSI is over 80 and you still dare to buy in? This is just big players boosting the price --- Big players secretly transfer to anonymous addresses, haha, this wave is probably a dump --- Community bullish consensus? I only see the rhythm of cutting leeks --- Breaking the Bollinger Bands has happened too many times, and then it crashes --- Buying back 92 million tokens sounds good, but is it really useful for the market --- The money in the Solana ecosystem is easy to scam, how long can Sky hold up this wave --- Technical indicators are hot, but on-chain big players' actions tell the real story --- Vague trading volume? This is just unclear upward movement --- Are people still buying in the overbought zone? I just don’t understand this move --- RWA strategy is so popular, but it feels like SKY token is increasingly becoming a financing tool --- The risk of a pullback is clearly written, yet the bottom comments are still shouting buy --- 34.55 million tokens transferred to anonymous addresses, is this signal clear enough

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DaisyUnicorn

· 12-16 23:43

Big whales secretly moving assets to black addresses, this flower is probably going to wither away.

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