According to @EmberCN, SkyEcosystem (formerly MakerDAO) cofounder @RuneKek claimed 1.77 million ENA from the Ethena vesting contract about 40 minutes ago and swapped it on-chain for 16.38 million SKY within roughly the same window. Source: @EmberCN on X. According to @EmberCN, the ENA tranche was described as investment proceeds, transferred from the Ethena vesting contract to the address used for SKY buybacks, and then sold to acquire SKY. Source: @EmberCN on X. According to @EmberCN, the reported sizes imply an effective swap of approximately 9.26 SKY per ENA based on 16.38 million SKY for 1.77 million ENA. Source: @EmberCN on X. According to @EmberCN, the post identifies SkyEcosystem as the rebrand of MakerDAO and attributes the transactions to @RuneKek’s buyback activity. Source: @EmberCN on X.

According to @EmberCN, SkyEcosystem (formerly MakerDAO) co-founder @RuneKek's address repurchased 4.33 million SKY tokens (worth $330,000) in the past two days using staking rewards. SkyEcosystem recently launched a program where staking SKY tokens yields USDS rewards. RuneKek's address has staked 3.16 billion SKY (valued at $229 million), currently earning approximately 100,000 USDS daily. Over two recent reward claims, RuneKek collected a total of 330,000 USDS in staking rewards, which were then used to buy back SKY tokens. This significant buyback activity by a major insider signals strong confidence in the SKY token and has triggered increased trading volume and bullish sentiment among traders, making SKY a key altcoin to watch for short-term price momentum. (Source: @EmberCN on Twitter, June 6, 2025)