$SKY 9th of April, after shouting in the square, basically | K线人生飞哥 on Binance Square

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K线人生飞哥

--・Top traders by profit in 30D

$SKY 9th of April, after shouting in the square, basically the trend has been steadily upward ever since. Up to now, the return is already about 50%. If you followed along and made money, give me a like so I can see 👍👍👍

My view back then was very simple: for projects that have real returns and can also feed value back to the Token, if the short-term token price isn’t moving up yet, you just need more patience for now. Of course, many people call SKY a garbage coin, but that’s still my opinion: before the price goes up, it’s trash; once the price starts rising, people who want to chase then don’t dare to chase.

For established DeFi protocols, we’re still at the stage of value discovery. I initially called out UNI and AAVE, and now it’s SKY. Next, there are some DeFi protocols whose value is clearly undervalued. Brothers, do you want to know which projects they are? If so, give a like. If there are enough people, I’ll summarize them and make a post 🎉🎉🎉

K线人生飞哥

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Recently I came across a pretty interesting $SKY operation.

The Whale 0x4bf’s idea is actually very simple: find Tokens with a revenue distribution mechanism, buy in at a low price, then stake them while earning both from price appreciation and staking rewards.

Four weeks ago, it bought 5.63 million SKY tokens at a cost of about $3.4143 million, and then staked the entire amount. Two weeks later, it unstaked and sold the whole position—counting the rewards as well—ultimately selling for about $4.0634 million. This round netted roughly $65,000.

Over the past week, this address bought another 23.267 million SKY tokens from Binance and Kraken, with an average cost of about $0.576, for a total investment of around $1.34 million. Then, once again, it staked the entire amount.

What I think is truly worth paying attention to is SKY’s Tokenomics: part of the protocol revenue is used to buy back and burn, and the other part is distributed to holders via the mechanism.

For projects that generate real yield and can feed value back to the Token—if the short-term coin price isn’t rising yet, I think you can be a bit more patient. Of course, many people call SKY a garbage coin; I still hold the view that it’s a garbage coin before the price goes up. And once the price starts rising, many people then don’t dare to chase it.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.