TechFlow news, July 13 — According to on-chain analyst Yujin, after transferring 2 million USDT into Binance yesterday afternoon, the 1inch team investment fund withdrew 6.334 million 1INCH one and a half hours ago.
Since July 6, they have used 3.43 million USDC on-chain to purchase 13.23 million 1INCH, and transferred 7.97 million USDT into Binance to buy 32.41 million 1INCH, which were then withdrawn back to their address.
During this period, the 1INCH price rose by 100% (from $0.18 to $0.36).
So far, since February, the 1inch team investment fund has spent a total of 13.64 million USD to acquire 55.85 million 1INCH at an average price of $0.244, currently holding an unrealized profit of $5.13 million.
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