1inch Team Investment Fund Drives 14% Surge with $6.65M Buy of 33.19 Million 1INCH Tokens

On July 9, on-chain data analyst Yu Jin reported that since July 6, the 1inch team investment fund has allocated approximately $4.4 million to acquire 22.99 million 1INCH tokens. This strategic accumulation contributed to a 14% price increase, pushing 1INCH from $0.18 to $0.206. Additionally, the fund transferred 3 million USDC to Binance and subsequently withdrew 4.746 million 1INCH tokens, valued near $962,000, indicating ongoing active management of holdings. Notably, the entire purchased amount has not been moved to withdrawal addresses, suggesting that the buying activity remains in progress. In total, the 1inch investment fund has invested around $6.648 million to secure 33.19 million 1INCH tokens during this acquisition phase, averaging a purchase price of $0.20 per token. This data underscores a calculated approach by the fund to bolster its position amid current market conditions.