According to BlockBeats On-chain Detection, the 1inch team investment fund has begun selling their previously acquired ETH and 1INCH tokens for profit. They have sold 5,000 ETH at an average price of $4,215, converting it into 21.07 million USDC. Additionally, they sold 6.45 million 1INCH tokens at an average price of $0.28, resulting in 1.8 million USDC.
The ETH was initially purchased in February for 28.85 million USDC at a price of $2,577 per ETH, totaling 11,198 ETH. The 1INCH tokens were bought in July for 15.65 million USDC at a price of $0.253 per token, totaling 61.76 million 1INCH.
The sales of ETH and 1INCH have generated a profit of $8.36 million for the 1inch team.
