SKYAI Price Spikes 49.7% After Derivatives Surge

Sky AI (SKYAI), a blockchain-native AI infrastructure project providing real-time on-chain data access for AI agents, surged 49.7% in the past 24 hours to trade at $0.1098 as of April 11, 2026, according to CoinGecko, driven primarily by a sharp rise in futures positioning and contract activity. The move reflects aggressive derivatives market participation rather than a single project announcement, with momentum building rapidly across AI-linked tokens.

What’s Behind the SKYAI Price Move?

Sky AI’s rally stems directly from a surge in derivatives activity, where open positions across futures markets expanded sharply within hours. Lookonchain reported that total contract positioning jumped from approximately $427 million to $537 million within 24 hours, signaling aggressive trader participation, with the update surfaced via CoinGecko’s news feed. This rapid increase in leveraged exposure typically amplifies short-term price moves as liquidity concentrates in directional bets.

CoinGlass data further confirms this trend, showing perpetual futures open interest reaching $78.47 million, with earlier metrics indicating a 93% increase in related derivatives activity.

Alongside this, broader sector momentum in AI-focused crypto assets contributed to the move, as traders rotated capital into high-beta “AI narrative” tokens. CoinMarketCap project data also highlights SKYAI’s positioning as a data infrastructure layer for AI models, which aligns with ongoing interest in AI-blockchain integrations, despite no new partnership or announcement driving today’s spike.

Key Data Points

Sky AI recorded $55.56 million in 24-hour trading volume, according to CoinGecko, compared to low single-digit millions earlier in April, indicating a sharp influx of liquidity.

The token’s market capitalization now stands near $109.6 million, placing it around rank #258 on CoinGecko, while CoinMarketCap data shows a similar range near $108.5 million to $111 million. Open interest climbed to $78.47 million, reflecting strong derivatives demand, while funding rate visibility remains limited on CoinGlass. No significant whale transactions emerged in the past 24 hours, and no DeFiLlama-tracked TVL data exists due to its infrastructure-focused design.