Investment firm ParaFi Capital has increased its holdings by acquiring an additional 56 million SKY tokens, valued at approximately $2.98 million, from Coinbase Prime. This move follows its earlier transaction in March, where it swapped 42,500 AAVE for 70 million SKY tokens. Currently, ParaFi Capital holds a total of 126 million SKY tokens, valued at around $6.64 million.
Despite the increased holdings, ParaFi Capital faces an unrealized loss of approximately $1.72 million, with the average purchase price of SKY tokens at $0.066. The firm's strategic accumulation of SKY tokens highlights its continued interest in the asset despite the current market valuation challenges.
ParaFi Capital Acquires Additional 56 Million SKY Tokens Amid Losses
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