The 1inch development team continuously buys large amounts of 1INCH Tokens with a total investment value of over $10 million to strengthen the project.
Since the beginning of the year, the 1inch team has spent over $4 million to repurchase nearly 20 million Tokens, after earning $4.52 million in profit from the sale at the end of last year. This is a strategy to affirm the commitment to development and increase Token value.
MAIN CONTENT
The 1inch team has invested over $4 million to buy 19.85 million 1INCH Tokens since the beginning of 2024.
In Q3 and Q4 of last year, 22.45 million Tokens were purchased at an average price of $0.245/Token.
Sold 15.698 million Tokens at the end of 2023, generating a profit of about $4.52 million.
How has the 1inch team bought 1INCH Tokens in 2024?
According to the on-chain analysis report from Ember on July 6, 2024, the 1inch investment team spent $1.757 million USDC to buy 9.652 million 1INCH Tokens at a price of $0.18/Token in the previous 5 hours. Since February, the total investment amount has reached $4.001 million USDC for nearly 20 million Tokens at an average price of $0.2/Token.
The significance of buying back Tokens from the development team
The purchase of a large amount of Tokens demonstrates the strong commitment of the 1inch team to stabilize prices and enhance the long-term value of the project. This action also helps increase investor and community confidence in the growth potential of the 1inch ecosystem.
What Token buy and sell transactions has 1inch conducted in 2023?
From July to September 2023, the 1inch team bought 22.45 million 1INCH Tokens at an average price of $0.245/Token, with a total value of about $5.5 million. At the end of 2023, they sold 15.698 million Tokens at an average price of $0.533/Token, generating a profit of $4.52 million.
The buyback of 1INCH Tokens and the profitable sale is clear evidence of an effective financial management strategy, helping to maintain a sustainable project and increase value for investors.
Ember Analyst, On-chain report, July 2024
The impact of trading transactions on the 1INCH Token price
The large buy-in move by the team has gradually pushed the Token price above the average of $0.2, creating positive growth momentum. At the same time, selling at more than double the price also helps create additional financial resources to support project development and expand the ecosystem.
What specific benefits come from the 1inch Token trading strategy?
A reasonable Token trading strategy helps the 1inch team optimize capital, ensuring finances for technology development and product expansion. At the same time, it creates a positive market effect, enhancing the project's reputation in the global cryptocurrency community.
Time Quantity 1INCH Average Price (USD/Token) Total Value (Million USD) Notes July – September 2023 22.45 million 0.245 5.5 Buy-in End of 2023 15.698 million 0.533 8.37 Sale, profit $4.52 million February – July 2024 19.85 million 0.2 4 Token repurchase July 6, 2024 (5 hours ago) 9.652 million 0.18 1.757 Most recent purchase
Frequently asked questions
What has 1inch used the repurchased Tokens for? According to experts, the repurchased Tokens can be used for product development, increasing liquidity, or stabilizing prices, reinforcing market confidence. Is investing in buying back Tokens a positive signal? The team's move to buy Tokens often indicates confidence in the project's long-term value, supporting sustainable growth. Has 1INCH experienced strong price fluctuations after these transactions? Data shows that the price of 1INCH has steadily increased thanks to strategic buy and sell transactions and leveraging advantages from the on-chain network. Does the 1inch team plan to continue buying Tokens? According to recent analysis, the team is still continuing to buy additional Tokens to reinforce the project, showing a vision for stable development. What should investors pay attention to when monitoring this signal? Investors should combine on-chain signals with market analysis to decide on an appropriate trading strategy.
Source: https://tintucbitcoin.com/1inch-team-mua-them-965-trieu-1inch/
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