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TechFlow reports, according to on-chain analyst Yu Jin, the 1inch team address swapped 4,685 stETH for 8.54 million USDC in the past half hour, selling at an average price of $1,823 and realizing a profit of $900,000.
Previously, since August 28, the 1inch team has cumulatively used 15 million USDT and 2.56 million USDC to purchase 10,773 ETH at an average price of $1,630.
Over the past half hour, the 1inch team converted 4,685 stETH into 8.54 million USDC at an average selling price of $1,823, realizing a profit of $900,000. Previously, since August 28, the 1inch team had cumulatively used 15 million USDT and 2.56 million USDC to purchase 10,773 ETH at an average price of $1,630.
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