The sale of 904,000 1INCH tokens by the 1inch team has attracted the attention of the cryptocurrency community and analytics experts. This transaction has impacted trading conditions in the market.
Sale of 1inch Tokens
The 1inch team sold 904,000 tokens at a price of $0.33 each, generating approximately 298,000 USDC. This sale occurred after a significant transfer of 2 million USDC to Binance, drawing attention from analysts and market observers.
Market Impact
While the sale did not directly affect major cryptocurrencies such as ETH or BTC, it underscored the role of 1INCH in the market and its potential impacts on related assets. With no official statements from leadership, experts are closely monitoring the unfolding events.
Analysis and Forecasts
Analysts like Yu Jin are providing forecasts on future actions of the 1inch team, suggesting a need to watch for possible further token sales. '20 minutes ago, the 1inch team’s investment fund sold 904,000 tokens on-chain for 298,000 USDC,' noted Yu Jin, an on-chain analyst.
This token sale by 1inch highlights the strategic operations of the team and its market influence. Interest in the team's actions may grow, and observers remain vigilant regarding future steps.
