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Worrying SKALE Trading Volume Hits $905M After 145% Surge

Worrying SKALE Trading Volume Hits $905M After 145% Surge
Worrying SKALE Trading Volume Hits $905M After 145% Surge

Key Points

  • SKALE price jumps 145% in August, hitting $0.054
  • ย Daily trading volume skyrockets to $905M from $10M average
  • ย CTO warns that bots may be inflating volume
  • ย Launch of โ€œIt Remainsโ€ project triggers speculative activity

SKALE (SKL) has suddenly become one of the most talked-about tokens in August, after an unexpected 145% price surge, taking it to $0.054, the highest level since February 2025.

But whatโ€™s catching more attention than the price is the SKALE trading volume, which has ballooned from an average of $10 million to an astonishing $905 million in a single day.

This massive movement is tied to the launch of It Remains, a dystopian transmedia franchise built on the SKALE Network. The project lets fans immerse themselves in a gas-free, Hollywood-level interactive universe,ย  and the crypto crowd took notice.

SKALE (SKL) Price Performance. Source: Techtoken

SKALE (SKL) Price Performance. Source: Techtoken

The SKALE Network, a gasless, modular blockchain composed of independent Layer 1 SKALE Chains, is specifically designed for high-speed, high-performance use cases like gaming, AI, and DeFi.

The successful deployment of It Remains seems to be a turning point after months of price decline in 2025.

This kind of strong movement isnโ€™t unique in the crypto world. Earlier this year, other big moves were driven by AI-related deals with Bitcoin miners (read more) and by shifting sentiments around macro events like the gold-to-Bitcoin correlation (read more).

But with SKALE, the excitement is now centered around its unique gas-free user experience, ย and the numbers are backing it up.

On August 14, SKL surged over 86% in one day, and trading volume crossed $900 million, with Binance and Bithumb contributing a significant share.

Experts Warn of Bots, Unsustainable Momentum

While the rally looks impressive on the surface, SKALEโ€™s CTO, Stan Kladko, isn’t celebrating just yet. He publicly raised concerns that much of this trading activity may be the work of bots, ย automated systems executing trades at high frequency to create the illusion of demand.

โ€œThis isn’t the kind of healthy growth we want to see long term,โ€ Kladko cautioned.

Heโ€™s not alone. Analysts have seen similar flash rallies in altcoins in the past, often followed by steep pullbacks once the speculative interest fades. This creates price instability, and in many cases, small retail investors get burned when bots exit at the top.

The situation is reminiscent of other market events where volume didnโ€™t reflect genuine user activity, such as when state-sponsored hacker groups manipulated on-chain flows to confuse market trends,ย  as seen in recent North Korean crypto operations (see details).

Currently, SKALEโ€™s trading volume remains high โ€” around $856 million at press time. But with no fundamental change in tokenomics or protocol updates besides It Remains, some fear this could be a short-lived pump.

Still, the networkโ€™s momentum might not end here. The team is gearing up for the launch of FAIR, a MEV-resistant Layer 1 blockchain built under the SKALE ecosystem. FAIR is now accepting waitlist applications and could become a next-gen blockchain model if it gains traction.

The success or failure of these developments may decide whether SKALEโ€™s growth is organic or artificial.

What This Means for SKALE Holders

If youโ€™re holding SKL or considering getting in, itโ€™s essential to look beyond the price chart.

SKALE has real potential. Its gas-free infrastructure, strong positioning in Web3 gaming, and now a foothold in entertainment via It Remains all contribute to a solid foundation. But what matters most is whether these partnerships lead to sustained user adoption, ย not just volume pumped by bots.

In fact, market behavior like this has recently come under scrutiny by governments and regulators.

In the U.S., Trumpโ€™s crypto stance and his calls for clearer enforcement policies have been a topic of debate, especially when it comes to market manipulation (more on that here).

If SKALEโ€™s rally turns out to be mostly driven by automated systems, regulators might take notice.

Meanwhile, traders are advised to stay cautious. Much like how Bitcoin and Ethereum options provide insight into institutional sentiment (read more), volume spikes like SKALEโ€™s need to be dissected for genuine market depth.

SKALE might be building the future of gasless, entertainment-powered blockchain networks, but whether this price jump is the start of a new trend or a temporary bubble, ย thatโ€™s the billion-dollar question.

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Abhijeet
Abhijeet is a Web3 and crypto writer who brings blockchain concepts to life with simple, engaging, and SEO-driven content. From DeFi and NFTs to emerging blockchain trends, he crafts stories that resonate with readers and build authority for Web3 brands.

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