TechFlow news, on August 11, according to monitoring by analyst Yujin, the 1inch team's investment fund has started selling on-chain the ETH and 1INCH tokens it previously purchased to realize profits. It has already sold 5,000 ETH at an average price of $4,215, exchanging them for 21.07 million USDC, and sold 6.45 million 1INCH tokens at an average price of $0.28, exchanging them for 1.8 million USDC.
The ETH was bought in February when they spent 28.85 million USDC to purchase 11,198 ETH at $2,577 per ETH; the 1INCH tokens were bought in July when they spent 15.65 million USDC to purchase 61.76 million 1INCH tokens at $0.253 per token.
The portion of ETH and 1INCH sold today has generated a profit of $8.36 million for them.
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