The 1inch team's investment fund has recently sold a significant portion of its holdings in both ETH and its native 1INCH token, generating a substantial profit. According to on-chain analyst EmberCN, the fund sold 5,000 ETH, which were acquired in February, for a total of 21.07 million USDC. In a separate transaction, the fund also divested 6.45 million 1INCH tokens, obtained in July, for 1.8 million USDC. This strategic sale resulted in an overall profit of $8.36 million for the 1inch team. This move highlights the dynamic nature of cryptocurrency investments and the potential for significant gains through strategic asset management in the DeFi space. The sale also raises questions about the fund's future investment strategies and its outlook on the market. ```

#ETH #USDC