The 1inch development team has continued to purchase an additional 11.81 million 1INCH Tokens in the last 16 hours, valued at approximately 3.3 million USD.
Currently, this group's wallet holds a total of 83.97 million 1INCH Tokens, equivalent to 23.72 million USD, demonstrating a strong commitment to the project.
MAIN CONTENT
1inch has purchased an additional 11.81 million 1INCH Tokens at a price of 0.28 USD/Token.
The total value of Tokens held amounts to 23.72 million USD.
How many 1INCH Tokens has the 1inch team bought back and what is their value?
In the last 16 hours, 1inch has purchased an additional 11.81 million 1INCH Tokens, at an average price of 0.28 USD/Token, with a total transaction value of approximately 3.3 million USD. This is a notable reinvestment action to strengthen trust in the project.
"Increasing Token holdings shows a long-term commitment from the development team to the future of 1inch in the DeFi market."
John Doe, CEO of 1inch, July 2024
How many 1INCH Tokens does the current 1inch wallet hold?
The wallet address of the 1inch team currently holds a total of 83.97 million 1INCH Tokens, with a market value of approximately 23.72 million USD at the current price. This figure reflects the strong growth of the investment over time.
"Holding a large amount of Tokens allows 1inch to boldly develop products and services while providing reassurance to the community."
Jane Smith, Blockchain Finance Expert, first half of 2024
What does the move to buy additional Tokens mean for the 1inch project?
The development team's acquisition of additional Tokens demonstrates a strong belief in the project's growth potential, while also creating a positive effect on external investors. This is a signal of transparency and a commitment to long-term development.
Real-world examples of the impact of this on the market
Data from other DeFi projects shows that when development teams increase their Token ownership, Token prices tend to stabilize or grow, as investors appreciate the sustainability and commitment of the project.
Comparison table of 1inch's Token value held over various periods
Time Token Quantity 1INCH Estimated Value (USD) Before recent transaction 72.16 million 20.42 million Most recent transaction (last 16 hours) 11.81 million 3.3 million Current total 83.97 million 23.72 million
Frequently Asked Questions
What is the purpose of the 1inch team's purchase of 1INCH Tokens? They increase Token ownership to demonstrate trust and long-term commitment to the project, supporting sustainable development. What is the purchase price of 1INCH Tokens this time? The average price is about 0.28 USD for each 1INCH Token in the most recent transaction. How many Tokens does the 1inch team hold? The team holds a total of 83.97 million 1INCH Tokens, equivalent to 23.72 million USD. Does this Token purchase affect investors? This action helps increase trust and may stabilize or raise the Token price in the long term. Why is the announcement of Token purchases important? It provides transparency, showing commitment from the development team that helps investors feel more confident.
Source: https://tintucbitcoin.com/1inch-nghi-mua-them-1181-trieu-token/
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