Crypto Tycoon 'Market Protection War' Strikes! Former MakerDAO Co-founder Takes Action, Will ETH Experience the 'Butterfly Effect'?
While the market is still debating when BTC will break new highs, former MakerDAO core member Rune's 'flash buyback' suddenly shakes up the DeFi space! On August 17, he threw out $1.29 million ENA, quickly sweeping up 16.38 million SKY. This operation is quietly releasing three signals to the ETH ecosystem!
1. The DeFi Ambition Behind the 'Buyback Shadow War'
Rune's actions are strategically concealed:
Data Hard Logic: From June to now, a total of $10.21 million has been used to buy back 122 million SKY, with an average price firmly locked at $0.0836. Using a combination of 'staking rewards (USDS/SPK) + investment coins (ENA)', it not only supports the price but also exposes SKY's 'circulation contraction' strategy. By reclaiming tokens, it strengthens control over the market and attempts to regain a voice in the DeFi arena. Big Shot Endorsement Effect: As a former co-founder of MakerDAO, Rune's actions carry the attribute of an 'industry barometer.' The market will assume: 'Daring to deploy tens of millions for market protection, there must be undisclosed ecological assets behind SKY.'
2. Where is ETH's 'Chain Reaction Butterfly' Hidden? SKY is rooted in the ETH ecosystem, and this buyback's impact on ETH is far beyond imagination:
On-chain capital pulse: The gas fees from ENA selling and SKY buyback surge, directly boosting ETH demand in the short term (the more active on-chain transactions are, the more ETH is consumed); Ecological Narrative Activation: If SKY breaks out into an independent market due to the buyback, it will inversely stimulate the heat of ETH's DeFi ecosystem—funds will be more actively allocated to ETH-related projects, forming a 'SKY → DeFi Sector → ETH' transmission chain; Risk Undercurrent: Will ENA's selling pressure trigger a chain reaction sell-off? Can the buyback continuously support SKY? Once the logic breaks, ETH will also be impacted by emotional backlash.
3. Keep Up with the Tycoon, Grasp the ETH Market Code! Remember: The large operations of crypto tycoons are always **'Wealth Signal Flares'**. Now, focus on two key aspects:
@RuneKek's subsequent actions (Will there be more buybacks? Will there be a release of new SKY ecological plans?); ETH on-chain activity (DeFi transaction count, changes in gas fees, reflecting the true direction of funds).
