1inch Team Sells 904,000 Tokens at $0.33 Each
- Investment team oversees 904,000 token sale, affecting market prices.
- Recent 2 million USDC transfer observed.
- Token volatility continues amidst buying and selling patterns.
The sale demonstrates strategic fund management by 1inch, affecting token price and elevating market interest in its trading patterns.
The 1inch team’s sale of 904,000 tokens at $0.33 each generated approximately 298,000 USDC. This event comes on the heels of significant token purchases, reflecting strategic trading efforts by the team. The sale followed a transfer of 2 million USDC to Binance from the investment address. This move has drawn attention from on-chain analytics entities such as EmberCN, with trading actions being closely scrutinized. Prior to this, the team had accumulated over 38 million 1INCH tokens. Market participants are looking at project implications due to these trading patterns.
The 1inch sale did not directly affect ETH, BTC, or other major cryptocurrencies. However, the transaction emphasizes 1INCH’s market role and its potential effects on related trading assets. The absence of major executive commentary or external regulatory response further headlines the internal decision-making process. Additionally, these activities highlight market dynamics within the 1inch network. On-chain analysis by experts like Yu Jin flags future moves, suggesting no immediate broader market disruption.
“20 minutes ago, the 1inch team’s investment fund sold 904,000 1INCH tokens on-chain at a price of $0.33 each, exchanging them for 298,000 USDC. Three hours earlier, they had also transferred 2 million USDC to a certain exchange. It is worth monitoring whether they will continue to sell 1INCH tokens withdrawn from the exchange in the near future.” – Yu Jin, On-Chain Analyst
The incident reflects strategic fund management patterns observed across major token sales in the cryptocurrency space.
With no official statements from key market leaders, the sale remains under close watch by analysts. Historical data, such as prior 1inch buybacks and price fluctuations, provides insight into market reactions, hinting at possible continuation of these patterns. As the observed transaction unfolds, market watchers remain focused on the potential impact across cryptocurrency landscapes.
