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The 1inch team sold part of their ETH and 1INCH from the investment fund, realizing a profit of 8.36 million dollars.
PANews August 11 news, according to on-chain analyst Yu Jin's monitoring, the 1inch team's investment fund has started selling ETH and 1INCH previously purchased on-chain. Currently, they have sold 5,000 ETH at an average price of $4,215, converting it into 21.07 million USDC; they have sold 6.45 million 1INCH at an average price of $0.28, converting it into 1.8 million USDC. The portion of ETH and 1INCH sold today has realized a profit of 8.36 million USD. ETH is the 11,198 ETH purchased for 28.85 million USDC at a price of $2,577 in February. 1INCH was purchased in July for 15.65 million USDC at a price of 0.253 USD for a total of 61.76 million 1INCH.