1inch Team Investment Fund Has Sold 5,000 ETH and 6.45 Million 1INCH

According to ChainCatcher, on-chain analyst Ember has monitored that the 1inch team’s investment fund has started selling the ETH and 1INCH tokens they previously purchased to realize profits. So far, they have sold 5,000 ETH at an average price of $4,215, exchanging them for 21.07 million USDC; and sold 6.45 million 1INCH at an average price of $0.28, exchanging them for 1.8 million USDC.

The ETH was originally purchased in February, when they spent 28.85 million USDC to buy 11,198 ETH at a price of $2,577 each; the 1INCH tokens were bought in July, when they spent 15.65 million USDC to acquire 61.76 million 1INCH at a price of $0.253 each.

The ETH and 1INCH sold today have generated a profit of $8.36 million for them.