Sky (SKY), previously known as MakerDAO, has announced a significant buyback of its native token. Last week, the company repurchased 17.32 million SKY tokens, spending approximately 1.39 million USDS. This buyback program aims to reduce the circulating supply of SKY, potentially increasing its value for existing holders. Token buybacks are often seen as a sign of confidence in the company's future prospects, as it indicates that management believes the token is undervalued. The recent SKY token buyback could attract new investors. Keep an eye on further updates from Sky regarding their treasury management and future buyback strategies. ```