1inch Token Sees Strategic Surge: Team’s $6.65M Investment Unveiled
2025-07-09 18:23:59
Main Idea
The 1inch token has surged due to strategic acquisitions by its development team, with $6.65 million invested to purchase 33.19 million tokens, signaling strong confidence in the project's future.
Key Points
1. The 1inch team invested $4.4 million USDC to acquire 22.99 million 1INCH tokens starting July 6, driving the price up by 14%.
2. Including earlier acquisitions from February to April, the total investment in this cycle is $6.65 million for 33.19 million tokens at an average price of $0.20.
3. 1inch is a key decentralized exchange (DEX) aggregator, and this investment reinforces its position in the DeFi ecosystem.
4. Blockchain analysis by experts like @EmberCN highlights the importance of tracking 'smart money' movements for crypto investment strategies.
5. The team's investment reflects long-term confidence in the project, suggesting potential growth and undervaluation of the 1INCH token.
Description
In a significant move that has caught the attention of the cryptocurrency world, the 1inch token has recently experienced a notable surge, driven by strategic acquisitions from its own development team. This internal show of confidence isn’t just a ripple in the vast crypto ocean; it’s a powerful signal that could reshape perceptions and investment strategies surrounding one of the leading decentralized exchanges. Let’s dive deep into the on-chain data to uncover the full scope of this fascinati...
Latest News
- Crypto Regulation: Elizabeth Warren’s Alarming Warning on SEC Avoidance Loophole2025-07-09 23:01:01
- ZKSpace Targeted: A Shocking $4 Million DeFi Exploit Unveiled2025-07-09 22:49:02
- Bitcoin Breakthrough: H100’s Bold Move Fuels Swedish Corporate Crypto Adoption2025-07-09 22:37:51
- Trump Fed Rate: The Alarming Call for Change in US Monetary Policy2025-07-09 22:25:17
- GMX Exploiter’s Shocking $14.3M On-Chain Maneuvers Unveiled2025-07-09 22:24:39