The 1inch team has spent a total of 6.648 million USDC to buy 33.19 million 1INCH this period, at an average price of $0.2.

According to news from CoinWorld, on-chain analyst Yu Jin monitored that since July 6, the 1inch team investment fund has spent a total of $4.4 million to purchase 22.99 million 1INCH, which has led to a 14% increase in 1INCH (from $0.18 to $0.206). The 1inch team investment fund transferred $3 million USDC to Binance yesterday, and then withdrew 4.746 million 1INCH (worth $962,000) three hours ago. The USDC transferred to Binance has not all been used to buy 1INCH for the withdrawal address, meaning their purchases are still ongoing. Including the 1INCH purchased by the team from February to April, they have spent a total of $6.648 million USDC to buy 33.19 million 1INCH this period, at an average price of $0.2.