CoinVoice has learned that according to on-chain analyst Yu Jin's monitoring, since July 6, the 1inch team investment fund has spent a total of 4.4 million USD to purchase 22.99 million 1INCH, causing 1INCH to increase by 14% (from 0.18 to 0.206 USD).
The 1inch team investment fund transferred 3 million USDC to Binance yesterday, and then withdrew 4.746 million 1INCH (worth 962,000 USD) 3 hours ago. The USDC transferred to Binance has not all been converted to 1INCH for the withdrawal address, which means 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, with an average price of 0.2 USD. [Original link]
