Skate (SKATE)

Social Signals

Social Signals On 2025-06-19

Bullish Signals:

• Skate Chain is hosting an AMA event with Gate on June 19, 2025, alongside Z and ZoRobotics, showcasing its active engagement with the community and collaboration with other projects.
• The ongoing Yapper Airdrop for $SKATE tokens is distributing $240,000 worth of tokens across three epochs, with $80,000 still available in Epoch 3 until June 30th, incentivizing user participation and engagement.
• Skate Chain's Multi VMs technology enables seamless app deployment across multiple blockchains like Ethereum and Solana, enhancing interoperability and positioning itself as a game-changer for DeFi applications.

Bearish Signals:

• The pre-boost staking for $SKATE ended with 4,867,777 tokens staked and an APY of 241%, which may lead to reduced staking incentives moving forward.
• Despite Skate Chain's innovative AMM and cross-chain liquidity solutions, the complexity of its swap process may deter less experienced users from engaging with the platform.
• Skate Chain faces competition from other DeFi projects like Novastro and Defidotapp, which are also distributing significant rewards to their communities, potentially diverting user attention.

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Social Signals On 2025-06-18

Bullish Signals:

• Skate Season 2 introduces dual farming with 100% protocol fees paid to stakers and a buyback model that purchases $SKATE from the market, alongside additional rewards through collaboration with Eigenlayer and grants from the Eigen Foundation.
• Skate chain connects major blockchains like Solana, Ethereum, and TON into one cross-chain layer, achieving $1.2B+ volume, 43K daily users, and weekly buybacks of $SKATE to reward stakers.
• The staking volume of $SKATE is approximately 20% of its market cap, indicating strong user confidence despite its current undervaluation.

Bearish Signals:

• The official Skate chain team and CEO have been criticized for lack of interaction with the community, which may negatively impact user trust and engagement.
• Despite the project's completeness, $SKATE's market cap of $6.3M is perceived as underperforming compared to other projects, such as $ULTI, which has a higher cap despite negative rumors.
• Concerns have been raised about the lack of activity in farming and engagement within the Skate community, potentially affecting the project's growth and adoption.

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Social Signals On 2025-06-17

Bullish Signals:

• Skate Season 2 introduces dual farming, where stakers receive 100% of protocol fees through a buyback model and additional rewards from collaborations with Eigenlayer, supported by a grant from the Eigen Foundation.
• The staking volume for $SKATE is approximately 20% of its market cap, indicating strong user confidence and positive sentiment towards the project.
• The @skate_chain leaderboard is showing increased activity, suggesting growing engagement and momentum within the community.

Bearish Signals:

• The official @skate_chain page and CEO have been criticized for lack of interaction with the community, which may negatively impact user trust and engagement.
• Despite the project's completeness, $SKATE's market cap of $6.3 million is perceived as undervalued compared to other projects, raising concerns about its market performance.
• The snapshot for active accounts to receive free $SKATE excludes inactive users, potentially alienating less engaged members of the community.

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Social Signals On 2025-06-15

Bullish Signals:

• SKATE has entered a strategic security partnership with NethermindEth, focusing on onchain contract audits and offchain infrastructure, including DVN support and future off-chain executor policy enforcement.
• SKATE's aggregated open interest (OI) has shown consistent increases across Binance futures, Bybit futures, and Bitget futures, with notable additions of $533,378.10, $552,964.18, and $551,449.11 in separate intervals.
• The SKATE team has been operating at full throttle since its token generation event (TGE), demonstrating strong community engagement and execution without downtime.

Bearish Signals:

• SKATE's aggregated open interest (OI) has experienced significant decreases, with reductions of -$641,905.33 and -$779,863.22 on Binance futures and Bitget futures.
• A KAITO staker expressed dissatisfaction with the $4 fee required to claim a $5 allocation in SKATE, raising concerns about the practicality of the fee structure.
• SKATE is noted as the lowest market cap contract coin on Binance, which may indicate limited market traction compared to other coins.

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Social Signals On 2025-06-13

Bullish Signals:

• SKATE has successfully distributed an additional 409 SKATE tokens as part of its airdrop campaign, showcasing strategic rollout backed by major listings and Binance Alpha inclusion.
• The SKATE airdrop is live with a gasless claim option via centralized exchanges and an on-chain alternative coming soon, indicating a structured approach to early momentum.

Bearish Signals:

• SKATE's aggregated open interest decreased by -6.08% in the last 15 minutes across Binance and Bitget futures, with over -$533,588.36 removed from the market.
• Concerns have been raised about SKATE being a potential scam or rug pull, with users questioning its operational management and price control.
• SKATE's price trajectory has been described as a 'downward rocket,' with users expressing uncertainty about finding a bottom.

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Social Signals On 2025-06-12

Bullish Signals:

• SKATE is listed as a trending token on Gate Alpha, allowing direct trading with USDT without the need for wallet setup or bridging.
• SKATE token claims have gone live on Kaito, providing users with opportunities to engage and earn rewards within the ecosystem.
• SKATE is powering Claude AI integration for text-based operations, showcasing its utility in AI-driven applications.

Bearish Signals:

• Concerns have been raised about SKATE's trading performance, with mentions of its token value plummeting and being below RSI levels.
• There is speculation about how low SKATE's price can go, indicating uncertainty in its market outlook.
• A significant number of SKATE holders appear to have sold their tokens, suggesting potential lack of confidence among investors.

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Social Signals On 2025-06-10

Bullish Signals:

• SKATE has launched multiple airdrop campaigns, including a $50,000 free airdrop and rewards for KAITO stakers, with some users receiving allocations worth thousands of dollars.
• SKATE token distribution is designed to incentivize community-driven growth, with 45.5% allocated for user rewards, developer funding, and governance support, and additional staking rewards of up to 30%.
• SKATE is listed on major exchanges such as Bybit, MEXC, Gate, and Kucoin, with a fully diluted valuation of $58M, indicating strong market accessibility.
• SKATE is actively engaging users through competitions, such as a $10K prize pool for traders with the highest PNL over a 7-day period.

Bearish Signals:

• Some SKATE airdrops have been criticized for being too small, with users reporting allocations worth as little as $8 despite significant staking investments.
• SKATE's market cap ranks 1,112th at $61M, which is relatively low compared to other TGE projects, potentially limiting its competitive edge.
• The APY on SKATE-related staking has dropped, and users are showing reduced interest in chasing yield, indicating waning enthusiasm in the staking ecosystem.
• Concerns have been raised about the cost-effectiveness of staking KAITO for SKATE rewards, with users questioning the return on investment given the small airdrop amounts.

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Social Signals On 2025-06-09

Bullish Signals:

• Binance has announced it will be the first platform to list SKATE for spot and contract trading starting June 9, 2025, with an airdrop of 800 SKATE tokens for users holding at least 236 Alpha Points.
• SKATE has been listed on multiple major exchanges, including KuCoin, XT, Bybit, and MEXC, with trading pairs like SKATE/USDT and support for high-leverage futures trading up to 50x.
• SKATE will adopt LayerZero's Omnichain Fungible Token (OFT) standard, enabling seamless cross-chain functionality across Solana, Ethereum, BNB Chain, and Arbitrum from Day 1.
• The SKATE tokenomics model has been officially released, with a fixed supply of 1 billion tokens allocated to team (10%), investors/advisors (15%), community (45.5%), ecosystem reserve (18%), initial airdrop (10%), and public sale (1.5%).
• KuCoin is celebrating SKATE's listing with a 450,000 SKATE giveaway, highlighting strong community engagement and promotional efforts.

Bearish Signals:

• SKATE's trading price dropped below its ICO price, with last-minute tokenomics changes and adjusted airdrop distribution cited as contributing factors.
• Binance Alpha listing led to a 60% immediate price drop for SKATE, raising concerns about market saturation and token performance.
• SKATE's public sale allocation is only 1.5%, which may limit accessibility and create challenges for broader adoption.
• Some users expressed disappointment with SKATE's performance, citing its inability to meet pre-sale expectations and concerns about its long-term viability.
• The market is reportedly overloaded with tokens, including SKATE, leading to skepticism about its ability to sustain value amidst competition.