A multi-signature wallet is continuously purchasing SKY with 5 million USDC through the TWAP function of CoW Swap.

CoinFeed reported on April 8th that, according to on-chain analyst Yu Jin, an on-chain multi-signature wallet is continuously purchasing SKY with 5 million USDC using the TWAP (Time Weighted Average Price) function of CoW Swap. Two months ago, the 0x3d4 multi-signature wallet transferred 5 million USDC to the 0x18e multi-signature wallet and then set up a purchase of SKY at 1252 USDC per hour on CoW Swap. This purchase plan is currently halfway complete: 2.431 million USDC have been spent to buy 35.77 million SKY at an average price of $0.068.