On February 2nd, COINOTAG News reported that the 1inch team’s investment fund demonstrated a strategic move by capitalizing on the recent price dip of Ethereum (ETH). According to data collected by EmberCN, the fund allocated 10 million USDC for an acquisition of 3,257 ETH within a brief window of 20 minutes, achieving an average purchase price of $3,070 per token. This decisive action indicates the growing confidence among institutional investors in the underlying fundamentals of Ethereum. Analysts suggest that such purchases can potentially influence market sentiment positively, as major stakeholders continue to position themselves favorably amidst current market fluctuations. Observers are paying close attention to the implications of this buy-in and its potential role in shaping future price movements for ETH.
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