The 1inch team spent a total of 6,648,000 USDC this period to purchase 33,190,000 1INCH tokens at an average price of $0.20
According to Odaily Planet Daily, on-chain analyst Ember has monitored that since July 6, the 1inch team investment fund has spent a total of $4.4 million to purchase 22.99 million 1INCH tokens, resulting in a 14% increase in the price of 1INCH (from $0.18 to $0.206). Yesterday, the 1inch team investment fund transferred 3 million USDC to an exchange, and three hours ago withdrew 4.746 million 1INCH tokens (worth $962,000). The USDC transferred to the exchange has not yet been fully used to purchase 1INCH and withdraw to the address, indicating that their buying activity is still ongoing. Including the 1INCH tokens purchased by the team between February and April, they have used a total of 6.648 million USDC to buy 33.19 million 1INCH tokens during this cycle, at an average price of $0.20.
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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