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A multi-signature wallet is continuously purchasing SKY with 5 million USDC, having spent 2.43M USDC to buy 35.77 million SKY.
Golden Finance reports that on April 8, according to on-chain analyst Yu Jin monitoring, a certain on-chain multisig wallet is using CoWSwap’s TWAP (time-weighted average price) function to continuously buy SKY with 5 million USDC.
· Two months ago, the 0x3d4 multisig wallet transferred 5 million USDC to the 0x18e multisig wallet, and then on CoWSwap set up an hourly purchase of SKY using 1,252 USDC per buy.
· So far, this buying plan has already been executed halfway: 2.43M USDC has been spent to buy 35.77 million SKY, at an average price of $0.068.