1inch team investment fund is suspected of selling WBTC and ETH worth about $4.34 million at a loss

avatar
ODAILY
03-24
This article is machine translated
Show original
According to @EmberCN monitoring, the 1INCH team investment fund sold 37.9 WBTC (approximately $3.28 million) at $86,578 and 511 ETH (approximately $1.05 million) at $2,072 within the past hour, seemingly conducting a loss-cutting operation. On-chain data shows that the fund previously purchased WBTC, ETH, and 1INCH between February 2 and March 10, totaling $44.22 million, including: 11,198 ETH (approximately $28.85 million) at an average price of $2,577; 160.8 WBTC (approximately $14.21 million) at an average price of $88,395; and 4.7 million 1INCH (approximately $1.15 million) at an average price of $0.245. Currently, all these positions are in a state of floating loss.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo