The investment fund of the 1inch team has once again demonstrated its expertise in cryptocurrency trading.
Nine hours ago, the team sold 7.657 million 1INCH tokens on-chain, exchanging them for 4.068 million USDC at a rate of $0.531 per token.
Between July and September, the 1inch team had purchased 22.45 million 1INCH tokens for $5.5 million, with an average price of $0.245 per token. With the token’s price now more than doubling since their acquisition, this latest sale has yielded a remarkable $6.42 million profit—a 128% return on investment.
The 1inch team’s track record of successful trades extends beyond 1INCH. They have previously secured notable profits through Ethereum (ETH) trades, further cementing their reputation as skilled participants in the crypto market.
In addition to their trading prowess, 1inch is making waves in decentralized finance (DeFi) with their new Fusion+ tool. Designed to revolutionize cross-chain swaps, Fusion+ delivers faster, safer, and more user-friendly transactions. Powered by atomic swaps, MEV protection, and Dutch auctions, the tool ensures seamless, trustless interactions across multiple blockchains.
Since its launch, Fusion+ has processed millions of dollars in transaction volume, offering DeFi users an efficient and streamlined solution for cross-chain asset swaps. By simplifying the process, Fusion+ is setting a new standard for how users navigate the complexities of decentralized exchanges.
With a keen eye for trading opportunities and continuous innovation in DeFi technology, the 1inch team is proving to be a formidable force in the crypto industry. Both their financial success and their cutting-edge tools highlight their influence in shaping the future of decentralized finance.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.