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The 1inch team's investment fund has sold 5,000 ETH and 6.45 million 1INCH tokens.
BlockBeats News, August 11th, according to on-chain analyst Yu Jin's monitoring, the 1inch team's investment fund has started selling on-chain the ETH and 1INCH they previously purchased to take profits. They have currently sold 5,000 ETH at an average price of $4,215 to exchange for 21.07 million USDC; and sold 6.45 million 1INCH at an average price of $0.28 to exchange for 1.8 million USDC.
The ETH was purchased in February when they spent 28.85 million USDC to buy 11,198 ETH at a price of $2,577; the 1INCH was purchased in July when they spent 15.65 million USDC to buy 61.76 million 1INCH at a price of $0.253.
The sale of this portion of ETH and 1INCH today has realized a profit of $8.36 million for them.
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