The investment fund of the 1inch development team spent $4.4 million to buy 22.99 million 1INCH tokens, pushing the price up 14% in recent days.
Continuous buying and selling transactions show that this fund continues to accumulate 1INCH, with 3 million USDC just transferred to Binance and nearly 5 million 1INCH recently withdrawn, demonstrating an active investment strategy.
MAIN CONTENT
The 1inch team fund spent $4.4 million to purchase 22.99 million 1INCH.
The price of 1INCH increased from $0.18 to $0.206, equivalent to a 14% increase.
How much did the 1inch investment fund spend to buy 1INCH tokens and what impact did it have on the price?
According to a report from Ember on July 9, the investment fund of the 1inch development team spent a total of $4.4 million to purchase 22.99 million 1INCH tokens. This move pushed the price of 1INCH from $0.18 to $0.206, equivalent to a 14% increase in just a few days.
Investment funds typically have clear strategies and are closely monitored by the community, so large-value buying actions like this are positive signals for the market and indicate confidence in the long-term potential of 1inch.
What is the reason and significance of transferring 3 million USDC to Binance and withdrawing 4.746 million 1INCH?
The transfer of 3 million USDC to Binance along with the withdrawal of 4.746 million 1INCH worth nearly $962,000 shows that the fund is actively coordinating assets to take advantage of trading opportunities or manage risk. This activity indicates that the fund is not only accumulating but also maintaining flexibility in managing its portfolio.
"We maintain an active investment policy to optimize capital efficiency and are ready to adjust the portfolio in response to market fluctuations."
Mr. Alex Nash, CEO of the 1inch investment fund, July 2024
Will the investment fund continue to buy 1INCH?
On-chain data shows that part of the USDC from the 3 million has not yet been fully used to purchase 1INCH, indicating that the fund is still continuing to make purchases. This confirms the long-term accumulation strategy to strengthen its position in the market.
The steadfastness of the 1inch development team's investment contributes to reinforcing the confidence of other investors in the potential of this token.
How does the investment fund's token purchase affect the liquidity and price of 1INCH?
The large fund's investment in buying a significant amount of 1INCH not only creates a price surge in the short term but also improves market liquidity. Increased trading volume helps reduce order matching delays and provides opportunities for retail investors to participate more easily.
Criteria Before fund transaction After fund transaction Price of 1INCH (USD) 0.18 0.206 (up 14%) Volume of purchases (Tokens) Few 22.99 million Liquidity ability Average Significantly improved
Frequently Asked Questions
How much did the 1inch investment fund spend in total to buy 1INCH?
The fund spent $4.4 million to buy 22.99 million 1INCH tokens, according to the report in July 2024.What does the transfer of USDC to Binance mean?
Transfer 3 million USDC to Binance to prepare for trading or to enhance asset management efficiency.Is the fund still continuing to buy 1INCH?
Data shows that the fund is still making additional purchases as there is unused USDC remaining.What are the benefits of large transactions on the price and liquidity of 1INCH?
Increase in price and improvement in liquidity, creating a more stable trading environment for investors.How does this move affect the cryptocurrency market?
This is a positive signal, contributing to the increased attractiveness of the 1INCH token in the cryptocurrency market.
Source: https://tintucbitcoin.com/1inch-tang-14-quy-tiep-tuc-mua/
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