According to on-chain data, a cryptocurrency wallet belonging to the developers behind the Binance-linked BSC network purchased SKYAI tokens worth 75,000 dollars.
The organization’s token has an average buy out price recorded at 0.04634 dollars. At the time of writing this article, it is trading at 0.05021 dollars and has experienced an 11% increase in the last 24 hours.
The token operating on the BSC network currently has a total market value of around 50 million dollars. However, the token is not listed on Binance.
Interestingly, SKYAI has surpassed the Test (TST) token, which was previously promoted by Changpeng Zhao, the founder of the cryptocurrency exchange Binance, and has become the largest asset held by the BSC Foundation. The total amount of SKYAI held by the foundation is 2.16 million dollars, which corresponds to approximately 109 thousand dollars.
The other altcoins held by the foundation are listed as TST worth 47 thousand dollars, MUBARAK worth 35 thousand dollars, and BROCCOLI worth 29 thousand dollars. It is noteworthy that all these tokens are cryptocurrencies that Binance founder CZ mentioned at one point by name.
In addition, the BSC Foundation had also bought the AIOT token in the past.
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