The investment fund of the 1inch team has once again demonstrated its expertise in cryptocurrency trading.
1inch Team Investment Fund Sells 7.66M $1INCH for $4.07M Profit
Over the past 15 hours, the #1INCH Team Investment Fund sold 7.657M 1INCH for 4.068M USDC at an average price of $0.531.Previously, the team purchased 22.45M 1INCH for $5.5M (using USDC and USDT) pic.twitter.com/jQGgJRrw42
— EyeOnChain 🔶 (@EyeOnChain) December 5, 2024
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.
1inch 项目方开始发货了😣
过去十小时 1inch 团队投资地址在链上直接以均价 $0.5454 抛售了 948 万枚 $1INCH，价值 517 万美金；该举动或助推币价下跌 9%（$0.5472 > $0.5016）📉
钱包地址 https://t.co/PYhxpEtanu pic.twitter.com/A1thMkUS0S
— Ai 姨 (@ai_9684xtpa) December 5, 2024
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.
1inch 团队的投资基金地址开始卖出 1INCH 了：他们 9 小时前在链上出售了 765.7 万枚 1INCH 换成 406.8 万 USDC，卖出价格 $0.531。
1inch 团队此前是在 7-9 月份花费 550 万 U 买进了 2245 万枚 1INCH，均价 $0.245。
现在 1INCH 价格相较他们的买入已经翻倍，他们这次投资的利润高达 $642 万… https://t.co/Okesz3Slsu pic.twitter.com/hQ5QfXR8GR— 余烬 (@EmberCN) December 5, 2024
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.
. @1inch's new Fusion+ tool is redefining #crosschainswaps with faster, safer, and easier transactions. Powered by atomic #swaps, MEV protection, and Dutch auctions, Fusion+ offers a seamless, trustless experience across multiple blockchains—already processing millions in volume! pic.twitter.com/OBanhdslAd
— Bitcoin.com News (@BTCTN) December 5, 2024
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.