2 million USDC was transferred to Binance again 10 minutes ago, purchases are still ongoing.
余烬Ember
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After transferring 2 million USDT to Binance yesterday afternoon, the 1inch team investment fund withdrew 6.334 million 1INCH about an hour and a half ago.
Since July 6, they have purchased a total of 13.23 million 1INCH on-chain using 3.43 million USDC and transferred 7.97 million USDT to Binance to buy 32.41 million 1INCH back to their address. During this period, the price of $1INCH has increased by 100% ($0.18→$0.36).
Now, since February, the 1inch team investment fund has spent a total of 13.64 million U to acquire 55.85 million 1INCH at an average price of $0.244. Currently, there is an unrealized profit of $5.13 million.