SKYAI Price Skyrockets Following Bitget Listing, Traders Warn of Potential Risks

SKYAI (SKYAI) has been at the center of attention in the cryptocurrency market over the past 24 hours, experiencing an unprecedented level of price volatility. The listing of its spot trading pair on Bitget at 08:00 (UTC) on April 30, 2026, triggered a significant surge in the market, driving the price from $0.020 to $0.34442.

The extreme price swing has resulted in a substantial increase in trading volume, with approximately $123 million traded over the past day. This rapid influx of funds has raised concerns among analysts, who are warning of potential risks associated with the 'bull trap' scenario.

Despite these warnings, some traders remain optimistic about SKYAI's prospects, with many setting bullish targets above $0.35. However, others emphasize the importance of caution and monitoring key indicators such as RSI overbought levels and trading volume surges.