SKYAI nears October 2025 lows as manipulation concerns weigh on sentiment
In mid-June, SkyAI (SKYAI) experienced a brief rally of 216%, surging from $0.151 to $0.479. However, it has since plummeted 92% from that peak. On-chain researchers, citing data from Nansen and Bubblemaps, allege the price action is consistent with market manipulation—where a concentrated supply held by a few wallets was distributed to retail investors during hype, leading to a violent dump. The token has broken key support at $0.146 and is rapidly approaching its October 2025 lows near $0.007. Although a recent spike in trading volume and open interest briefly pushed the price to $0.05, this bounce quickly reversed into another sell-off. With ongoing manipulation concerns and fading retail interest, the recovery outlook for SKYAI remains highly uncertain.
ambcrypto07/10 01:33
