The 1inch team sold 7.657 million 1INCH for 4.068 million USDC on-chain 9 hours ago
According to on-chain analyst Yu Jing, the 1inch team's investment fund address has started selling 1INCH: They sold 76.57 million 1INCH for 40.68 million USDC on-chain nine hours ago at a price of $0.531 per token. The 1inch team had previously bought in with $5.5 million for 224.5 million tokens between July and September, at an average price of $0.245.
Now the price of 1INCH has doubled compared to their buying price, resulting in a profit from this investment as high as $6.42 million (+128%). In addition to this successful operation with 1INCH, they have also made several profitable trades with ETH before.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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