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

03-24

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According to ChainCatcher, based on on-chain analyst Yu Jin's monitoring, the 1INCH team's investment fund sold 37.9 WBTC (approximately $3.28 million) at a price of $86,578 and 511 ETH (approximately $1.05 million) at a price of $2,072 within the past hour, suspected to be a loss-cutting operation.

On-chain data shows that the fund had purchased WBTC, ETH, and 1INCH for a total of $44.22 million between February 2 and March 10, including:

Purchasing 11,198 ETH (approximately $28.85 million) at an average price of $2,577;
Purchasing 160.8 WBTC (approximately $14.21 million) at an average price of $88,395;
Purchasing 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.

Sector:

Spartan Group

AMM

Decentralized Exchange (DEX) Token

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.

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