Hotspot Assets - 1INCH and the Blue-Chip DeFi Sector it Drives
Today's hot asset: 1INCH and the blue-chip DeFi sector it drives.
Heat Level: B-level (short-term heat).
Reasons for the rise:
1. During yesterday's market downturn, the 1inch team continued to buy 1INCH. Since July 5th, they have spent a total of $5.5 million to purchase 22.45 million pieces of 1INCH at an average price of $0.245.
2. In the past 24 hours, the overall trading volume of 1INCH has increased by 470% compared with that in previous period, and its price has risen by 23%. This also drove a rise of about10% in CRV and AAVE which are part of the same blue-chip DeFi sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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