1INCH Token Surges 17.5% as 1inch Team Acquires 11.81 Million Tokens, Boosting Market Confidence

The recent surge in 1INCHUSDT’s price is primarily attributed to significant token acquisitions by the 1inch team, which purchased 11.81 million 1INCH tokens, raising their total holdings to 83.97 million. This aggressive accumulation by the team’s investment fund, including purchases on Binance, has driven strong bullish momentum and market confidence, resulting in a notable price rally and increased trading activity.

Currently, 1INCHUSDT is trading at $0.3317 on Binance, reflecting a 17.50% increase over the past 24 hours from an open of $0.2823, with the market capitalization around $256 million and a circulating supply of approximately 1.39 billion tokens; trading volumes and recent price action indicate heightened investor interest and volatility following the team’s acquisitions.