Sky (SKY) - Savings Rate Decrease - 24 Mar 2025
Sky Governance has decided to lower the saving rate to 4.5%. When saving rates drop, it often leads to selling pressure because the asset seems less attractive to hold. Investors looking for higher returns might move their funds elsewhere. This can result in a price drop. However, if Sky has strong fundamentals or a visionary roadmap, it might dampen negative impacts. Hence, this event could signal serious daily price movements as the community reacts to earning fewer returns on their holdings. Investors will need to watch market sentiment closely. sourceSky Governance has approved a decrease in the Sky Savings Rate to 4.5%, scheduled for execution on March 24th at 14:00 UTC.