According to EmberCN on Twitter, Sky co-founder Rune has continued an aggressive buyback strategy, spending an additional 2.727 million USDS last night to repurchase SKY tokens. Since June 4, 2025, Rune has cumulatively used 5.057 million USDS to buy back 60.954 million SKY at an average price of $0.083. All repurchased SKY tokens have been moved to his staking address for staking. This significant buyback and staking activity is likely to reduce circulating supply, potentially supporting SKY token's price and increasing market interest, as verified by on-chain data from the provided wallet addresses (source: EmberCN Twitter, June 11, 2025).

According to @EmberCN, Rune has converted the 2 million USDS transferred last night into SKY tokens, completing a total buyback of 23.3 million USDS for 30.227 million SKY since the 4th of the month, at an average price of $0.077 per SKY. This significant buyback activity, verified via Debank blockchain data, suggests strong institutional support and could increase upward pressure on the SKY token price in the short term. Traders should monitor on-chain activity and liquidity impacts, as further buybacks or price volatility may present strategic trading opportunities in the DeFi sector. Source: @EmberCN on Twitter, June 10, 2025.