BlockBeats news, on August 11, according to on-chain analyst Yu Jin's monitoring, the 1inch team investment fund has started selling the ETH and 1INCH they purchased earlier on-chain to realize profits. So far, they have sold 5,000 ETH at an average price of $4,215, exchanging it for 21.07 million USDC; they have sold 6.45 million 1INCH at an average price of $0.28, exchanging it for 1.8 million USDC.
ETH was purchased in February for 28.85 million USDC at a price of $2,577 for 11,198 ETH; 1INCH was purchased in July for 15.65 million USDC at a price of $0.253 for 61.76 million 1INCH.
The portion of ETH and 1INCH sold today has generated $8.36 million in profit for them.
