Whale Cashes Chips, Dumps 50M $SKY After Riding a 58% Pump

On-chain sleuths have spotted a classic case of buy-the-rumor, sell-the-news, as one deep-pocketed degen decided to take some profit off the table. This savvy (or lucky) whale quietly scooped up a staggering 97.13 million $SKY tokens from Binance back in November 2025, managing to nail the local bottom with an average entry price of just $0.048 per token—a move that would make any contrarian portfolio manager weep with envy.

As $SKY decided to defy gravity and pump, the whale's paper hands turned to diamond, with the position ballooning to an unrealized gain of roughly 58%. That paper profit of about $2.72 million was apparently too tempting to just HODL, leading to a classic "send it" moment. The whale proceeded to ship 50 million $SKY, worth approximately $3.8 million at the time, back to Binance to cash out at around $0.076 per token—because why let profits remain theoretical when you can convert them into a fresh Lambo down payment?

Currently, $SKY is changing hands at $0.07099, nursing a 9.8% haircut over the last 24 hours. For the uninitiated, this token didn't just appear out of thin air; it was minted the old-fashioned way by converting MKR into $SKY. Remember, this intel is for your entertainment and education, not a signal to ape in or rug pull your own bags.