🐴Or did the horse lose its horseshoes 🧲or 📉 the 1inch team is selling its tokens: what is happening?🤔🙄
You built a castle, and then you started selling bricks. 🏰 This is roughly how the situation looks with the 1inch team, which sold over 15.6 million 1INCH tokens in three days and raised $8.38 million in USDC.
💰 What have they done in recent days?
• Last sale: 5.217 million tokens for $2.815 million.
• Average sale price — $0.533 per token.
• Since the beginning of December, they have sold off 15% of all tokens
📊 What is happening with the price?
• Currently, the 1INCH token is priced around 0.5295, and it has lost 3.22% in the last 24 hours.
• The price fluctuates: maximum — 0.5666, minimum — 0.5195.
When the token team starts actively selling its reserves, it raises many questions among investors:
1. Why are they doing this?
2. Will they crash the market?
📌I have many acquaintances who are invested in the coin. There’s even one who sold his Porsche and invested everything 🫡. Well... they don't let the people get rich, they don't let 💰💰
