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)

According to @MilkRoadDaily, $MKR is considered highly undervalued at an $800 million FDV, as the @SkyEcosystem stablecoin supply nearly doubled to $8.2 billion in January 2025. The stablecoin offers a 12.5% yield and can be self-custodied, positioning it as an attractive trading asset.

According to @dydxfoundation, the dYdX community has successfully voted to add DAI from the SkyEcosystem to the dYdX platform. This decision could potentially impact trading volumes and liquidity for DAI on dYdX.