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Sky Founder will sell $1.29 million worth of ENA to buy back an equivalent amount of SKY

By: theblockbeats.news|2025/08/17 13:22:02

BlockBeats News, August 17th, Sky (formerly MakerDAO) co-founder @RuneKek used investment to buy back 16.38 million SKY with 1.77 million ENA (worth $1.29 million) in the past 40 minutes.

He claimed the 1.77 million ENA from the Ethena vesting contract that should have been derived from the investment 40 minutes ago, then transferred it to an address he used to repurchase SKY, exchanging it for 16 million SKY.

Since early June, he has used the proceeds from staking SKY (USDS and SPK) to repurchase 122 million SKY with today's ENA, totaling $10.21 million, at an average price of $0.0836.

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