According to on-chain analyst Ember (@EmberCN), an on-chain multisig wallet is continuously purchasing $SKY via CoW Swap’s time-weighted average price (TWAP) function at a rate of 1,252 USDC per hour, with a total planned amount of 5 million USDC. The plan has so far executed approximately half of its target, spending a cumulative 2.431 million USDC to acquire 357.7 million SKY tokens at an average price of approximately $0.068.
A multisig wallet purchases 50 million USDC worth of SKY via CoW Swap's TWAP.
TechFlowShare
Summary
A multisig wallet is purchasing $SKY with 50M USDC via CoW Swap's TWAP at a rate of 1,252 USDC per hour. So far, 2.431M USDC has been used to acquire 35.77M SKY at an average price of $0.068. SKY is among the altcoins to watch, as crypto price movements indicate increased on-chain activity. The purchase is approximately halfway complete, with steady inflows reported.
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