Standard Chartered initiated coverage of Sky’s SKY governance token with a forecast of $0.325 by end of 2028, about five times its current price. SKY traded at $0.06 with a market capitalization of $1.4 billion. The bank set intermediate targets at $0.080 for 2026 and $0.180 for 2027. Growth is driven by agents who have borrowed $5.9 billion since September 2024 and by increasing USDS supply projected to reach $20.6 billion in 2026. Sky bought back 18.6 million SKY tokens over the past 30 days and has deployed $120 million cumulatively into buybacks since February 2025.
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