According to ChainCatcher, a chain-on analyst named Yujin monitored that a 1inch investor/team address (0x38c...b12) dumped 14 million 1INCH tokens on-chain in a single transaction, worth $1.83 million, causing the price of 1INCH to drop from $0.1385 to $0.129. This address received 15 million 1INCH tokens through vesting one year ago. Out of these, 1 million were sold seven months ago at a price of $0.17, and the remaining 14 million were liquidated today at $0.13.
1inch Investor/Team Address Sells 14M 1INCH Tokens, Price Drops 7%
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Summary
A 1inch investor/team address (0x38c...b12) sold 14 million 1INCH tokens in a single on-chain transaction, valued at $1.83 million, pushing the crypto price down today from $0.1385 to $0.129. The address had unlocked 15 million tokens a year ago, selling 1 million at $0.17 seven months ago and liquidating the remaining 14 million at $0.13 today. The move reflects shifting investor sentiment in the market.
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