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1inch Investor/Team Address Sells 14M 1INCH Tokens, Causing 7% Price Drop

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1INCH
$0.09298-5.38%
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On-chain data shows that a 1inch investor/team address sold 14 million 1INCH tokens ($1.83 million) on January 27, pushing the price down 7% to $0.129. The address had unlocked 15 million tokens a year ago, selling 1 million at $0.17 seven months ago and the remaining 14 million in the latest transaction. Investor sentiment appears shaken as the token's value drops to a new low following the large-scale sell-off.

BlockBeats news: On January 27, according to on-chain analyst Yujin's monitoring, a 1inch investor/team address just dumped 14 million 1INCH tokens (worth $1.83 million) on-chain, causing the price of 1INCH to drop by 7% (from $0.1385 to $0.129).


This address obtained 15 million 1INCH tokens through a vesting unlock one year ago. Out of these, 1 million were sold 7 months ago at $0.17 each, and the remaining 14 million were just liquidated at once at a price of $0.13.

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