BlockBeats News, July 13th. According to EmberCN's monitoring, following yesterday's transfer of 2 million USDT to Binance in the afternoon, the 1inch team's investment fund withdrew 6.334 million 1INCH tokens one and a half hours ago.
Since 7/6, they have used a total of 3.43 million USDC on-chain to purchase 13.23 million 1INCH tokens, and then transferred 7.97 million USDT to Binance to purchase and withdraw 32.41 million 1INCH tokens to an address. During this period, the price of 1INCH has risen by 100% ($0.18→$0.36).
Currently, the 1inch team's investment fund has spent a total of $13.64 million since February to acquire 55.85 million 1INCH tokens, at an average price of $0.244. The current unrealized gain is $5.13 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.