1inch Foundation allegedly sells 6 million 1INCH tokens through market maker GSR
According to on-chain analyst Yu Jin, as reported by Jinse Finance, the 1inch Foundation's multisignature address transferred 6 million 1INCH tokens (worth about $2.52 million) to market maker GSR's wallet address three hours ago. GSR then transferred 1.55 million 1INCH tokens ($0.65 million) to multiple exchanges including Binance, OKEx, Gate.io, Bybit, and Crypto.com.
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