An investor/team address on a certain 1-inch platform sold off 14 million 1-inch coins, causing the 1-inch price to drop by 7%.

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On January 27, according to on-chain analyst Yu Jin, a certain 1inch investor/team address just sold 14 million 1INCH (US$1.83 million) in a single on-chain transaction, causing 1INCH to drop by 7% (from US$0.1385 to US$0.129).

This address acquired 15 million 1INCH through ownership unlocking a year ago. Of these, 1 million were sold for $0.17 seven months ago, and the remaining 14 million were just sold off in one go for $0.13.

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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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