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Another notable whale movement has occurred in the cryptocurrency market.
According to on-chain analysts’ data, an investor who made a large purchase of $SKY tokens began realizing profits by moving some of their assets to an exchange after making a significant profit.
The whale in question reportedly withdrew a total of 97.13 million $SKY tokens from Binance in November 2025, near the market’s lows, at an average price of $0.048. Following this strategic accumulation, the investor profited from their position as prices rose.
According to the latest data, the whale achieved an estimated 58% gain, resulting in a total of $2.72 million in unrealized profit. Following this development, the investor initiated the profit-taking process by transferring 50 million $SKY tokens (worth approximately $3.8 million) to Binance. The transfer reportedly took place at a price level of approximately $0.076.
At the time of writing, the $SKY token has experienced a 9.8% drop in the last 24 hours and is trading at $0.07099.
$SKY was recently created by converting MKR tokens into $SKY tokens.
*This is not investment advice.
beincrypto.com
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