Sky Foundation has used staking rewards to buy back 4.33 million SKY in the past 2 days.

Blockbeats

06-06

BlockBeats News, June 6th, according to on-chain data analyst Yu Jin's monitoring, Sky (formerly MakerDAO) co-founder Rune Christensen's address used staking rewards to buy back 4.33 million SKY tokens (approximately $330,000) in the past 2 days.

A few days ago, Sky launched staking SKY to earn USDS rewards. Rune's address staked 3.16 billion SKY tokens (approximately $229 million), currently earning about 100,000 USDS per day. On the 4th and early today, he claimed two staking rewards totaling 330,000 USDS and then bought back 4.33 million SKY tokens at a price of $0.076 per token.

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