According to @OnchainLens, SkyEcosystem (formerly MakerDAO) converted 5,120 MKR into 121.76 million SKY valued at 6.73 million USD and locked the tokens in the SKY Staking Pool, with activity recorded at address 0x867ef23c482b1c41fa2336fa239ba14e4af68d1f; source: @OnchainLens citing Nansen on-chain data. This lockup increases the SKY staking pool balance by 121.76 million SKY and removes that amount from immediate circulation at the referenced address, a factor traders can use to assess short-term liquidity conditions; source: @OnchainLens citing Nansen on-chain data, address 0x867ef23c482b1c41fa2336fa239ba14e4af68d1f. The implied conversion ratio is approximately 23,785 SKY per MKR based on the reported figures, offering a concrete reference for MKR to SKY relative valuation; source: @OnchainLens citing Nansen on-chain data. Traders may monitor SKY staking pool metrics and MKR and SKY order books for liquidity and volatility shifts following this on-chain allocation, derived from the reported transaction; source: @OnchainLens citing Nansen on-chain data, address 0x867ef23c482b1c41fa2336fa239ba14e4af68d1f.

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 @MilkRoadDaily, while Bitcoin (BTC) continues to dominate market attention, both SKY and Maker (MKR) have emerged as standout performers in 2025, delivering significant returns for traders. The SkyEcosystem's ongoing development and strong ecosystem growth are cited as key drivers behind SKY's remarkable performance, positioning it among the top annual gainers. This trend is drawing increased trading volume and interest from investors seeking high-growth alternative cryptocurrencies, as noted by @MilkRoadDaily.

According to Milk Road (@MilkRoadDaily), since February 24th, SkyEcosystem has been conducting daily buybacks averaging $600,000 worth of $SKY tokens, creating consistent buying pressure. This aggressive buyback program has resulted in a 48% increase in $SKY's price since the announcement, signaling strong bullish momentum and attracting increased trading volume. Traders are closely monitoring the ongoing buybacks as a key factor influencing $SKY's liquidity and potential for further upward price action (source: Milk Road Twitter, June 16, 2025).

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.