The 1inch team sells the winning Bitcoin and holds the losers!
The 1inch investment fund sold approximately 70.76 WBTC for 6.676 million USDC at a price of $94,346 per coin — realizing strong profits!
From February 2 to March 10, they spent $44.22 million to buy WBTC, ETH, and 1INCH:
$28.85 million to purchase 11.198$ETH at an average price of $2,577.
$14.21 million to purchase 160.8$WBTC at an average price of $88,395.
$1.15 million to purchase 4.7 million 1 $INCH at a price of $0.245.
Currently, only the WBTC is making profits — which is exactly what they are selling!
Holding the losers and selling the winners... a familiar sight?
