The SKYAI token jumped 40% on May 4, 2026, a move that propelled the altcoin into the top 100 cryptocurrencies by market capitalization for the first time.
The token’s entry into the top ranks reflects significant speculative interest, with data from CoinGecko confirming its new market cap position as of 18:00 UTC. The surge extends a period of extreme strength for the token, which is associated with the fast-growing artificial intelligence narrative in the crypto space.
This latest daily gain builds on a powerful 290% price rocket in April 2026. SKYAI’s performance stands in sharp contrast to the broader market, which saw its total capitalization fall by 1.09% to $2.53 trillion over the past 24 hours. Bitcoin, the market leader, has entered a “sell-on-rally” phase, while other altcoins like Aave and The Graph posted losses of over 5 percent.
The sharp upward movement suggests a potential for continued volatility. While the entry into the top 100 may attract new buyers driven by fear of missing out, it could also prompt early investors to take profits, leading to a sharp correction. The token's trajectory represents a high-velocity narrative play, distinct from legacy meme coins like Dogecoin (DOGE) which has seen more modest gains.
This article is for informational purposes only and does not constitute investment advice.
