Sky Ecosystem Co-Founder Completes Sale Of 25 Million LDO Tokens

According to Odaily, on-chain analyst Yu Jin has reported that Rune, the co-founder of Sky Ecosystem (formerly MakerDAO), has completed the sale of 25 million LDO tokens. The sale process spanned nearly three years, with the majority of the proceeds being used to purchase MKR tokens. The 25 million LDO tokens were sold at an average price of $1.87, resulting in a substantial profit of $46.73 million, which represents a 221-fold return. Out of the total proceeds, $30.02 million was used to repurchase 36,000 MKR tokens at an average price of $833 each.