Recent large transactions in the cryptocurrency market have drawn attention from analysts and market participants. The transfers of PUMP tokens and the activity of the 1inch team have sparked particular interest.
Transfers of PUMP Tokens
According to data gathered by crypto analyst AI Yi, the PUMP team's wallet transferred 20.15 billion PUMP tokens to various exchanges in the last two hours. The breakdown is as follows:
* Gate.io: 6.41 billion tokens (2.5 billion likely for Launchpad distribution) * Bybit: 5 billion tokens * Address believed to be Kraken: 7.5 billion tokens * Address named 2XQbX…iNrPm: 1.25 billion tokens
While ownership of the last two addresses has not yet been determined, they are likely owned by exchanges.
1inch Team Transactions
Today, the 1inch team's investment address deposited 2 million USDC to centralized exchanges. Previously, the team had withdrawn 6.33 million 1INCH tokens from exchanges. Since July 6th, they have spent 3.43 million USDC on-chain to purchase 13.23 million 1INCH and transferred 7.97 million USDT to Binance, directing 32.41 million 1INCH tokens to withdrawal addresses.
Market Dynamics of Tokens
Having spent a total of $13.64 million since February, the fund has acquired 55.85 million 1INCH at an average price of $0.244, generating a profit of $5.13 million, while the price of 1INCH increased by 100% from $0.18 to $0.36.
The situation in the token market continues to evolve, and large transactions warrant careful monitoring from both analysts and other market participants.
