Sky Rises 9.24% in Four Hours to $0.09182 on Binance

Sky (SKY) climbed 9.24% in four hours to $0.09182 at 11:31 a.m. ET (15:31 UTC) Oct. 2, based on TokenPost’s collection of Binance spot market prices. The move puts the token 15.99% higher than its price 24 hours earlier.

SKY was at $0.08405 four hours before the latest reading. The quoted price is from Binance’s SKY/USDT spot market, where the pair trades Sky against Tether.

Liquidations across Binance, Bybit and OKX totaled $50,000 in the same one-hour period: $10,000 in long positions and $40,000 in short positions. Liquidations occur when exchanges close leveraged trades that can no longer meet margin requirements.

The supplied market data did not identify a confirmed cause for the move.