TechFlow News, January 28: According to an official statement from 1inch, neither the 1inch entity, its team, nor its multi-signature treasury wallet sold any 1INCH tokens yesterday. The project stated it cannot control trading decisions made by third-party holders. Since 2019, 1inch’s total trading volume has approached $800 billion, sustaining hundreds of millions of dollars in daily trading volume even during bear markets.
The statement noted that the 1inch Network plans to review certain aspects of its tokenomics this year to enhance resilience during market downturns and periods of low liquidity. Currently, 1inch has become a core component of the decentralized finance (DeFi) ecosystem, with its global team of 170 engineers providing swap infrastructure for numerous leading wallets and applications. 1inch emphasized that its roadmap remains clear, its team focused, and its mission unchanged.
Earlier reports indicated that on-chain analysts observed a 1INCH investor/team address liquidating 14 million tokens—worth approximately $1.83 million—triggering a price drop of over 13%.
