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1inch team spends 6.648 million USDC to buy 33.19 million 1INCH tokens at an average price of $0.2

Summary: According to Chainalysis, since July 6, the 1inch team investment fund has spent $4.4 million to purchase 22.99 million 1INCH tokens, causing a 14% increase in 1INCH price (from $0.18 to $0.206). The team transferred $3 million USDC to Binance yesterday, and then withdrew 4.746 million 1INCH tokens ($962,000) 3 hours ago. The USDC transferred ...

According to Chainalysis, since July 6, the 1inch team investment fund has spent $4.4 million to purchase 22.99 million 1INCH tokens, causing a 14% increase in 1INCH price (from $0.18 to $0.206). The team transferred $3 million USDC to Binance yesterday, and then withdrew 4.746 million 1INCH tokens ($962,000) 3 hours ago. The USDC transferred to Binance has not yet been fully converted to 1INCH for withdrawal, indicating their ongoing purchases. Including previous purchases from April to May, the team has spent a total of 6.648 million USDC to buy 33.19 million 1INCH tokens at an average price of $0.2 in this period.

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