According to TechFlow TechFlow, on January 27th, on-chain analyst EmberCN monitored a 1inch investor/team address that sold 14 million 1INCH (approximately $1.83 million) in a single on-chain transaction, causing the price of 1INCH to drop by 7%, from $0.1385 to $0.129. This address acquired 15 million 1INCH through vesting a year ago, of which 1 million were sold seven months ago at $0.17, and the remaining 14 million were just sold off at $0.13.
One 1INCH investor/team address liquidated 14 million tokens, approximately $1.83 million.
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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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