TechFlow news, on December 5, according to on-chain analyst烬 monitoring, the investment fund address of the 1inch team has started selling 1INCH. Nine hours ago, they sold 7.657 million 1INCH tokens on-chain for 4.068 million USDC at a price of $0.531 per token.
Previously, between July and September, the 1inch team spent $5.5 million to purchase 22.45 million 1INCH tokens at an average price of $0.245. The current 1INCH price has more than doubled compared to their purchase price, resulting in a profit of $6.42 million (+128%) from this investment.
Jin mentioned that apart from this 1INCH transaction, they have also previously realized gains multiple times through tactical trading on ETH.
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