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The 1inch project party has been quite active recently. In the past two days, they have accumulated a total of 478.5 million USD worth of 1INCH Tokens, with an average purchase cost of 0.184 USD.
Just 14 hours ago, the Team Investment Fund wallet withdrew 20 million Tokens from a major exchange, costing around 3.713 million dollars, at a unit price of 0.1856 dollars. Now this address has accumulated a total of 111 million 1INCH, with a market value exceeding 20 million dollars at the current price.
The project party continues to increase their holdings, either because they are optimistic about the future market or they are preparing for some big moves. In any case, the on-chain data is there for everyone to analyze.
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Wait, is the cost price of 0.184 losing money now? Or has it already turned around?
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111 million pieces, that requires a lot of confidence... or maybe it's just the prelude to playing people for suckers, haha.
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On-chain data doesn’t lie, but who can guess the project party's intentions?
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Looking at this rhythm, it feels like it's not just a simple increase the position; something must be brewing behind the scenes.
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Hoarding so much, it indicates there won't be dumping in the short term, right? But then again...
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3.71 million for 20 million pieces, averaging 0.1856, this cost is even lower than before.
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The project is buying the bills, how can small investors compete... this is why on-chain data is important.