According to on-chain analyst Ember (@EmberCN), a 1inch investor/team address recently dumped 14 million 1INCH tokens (worth about $1.83 million) in a single on-chain transaction, causing the price of 1INCH to drop by 7%, from $0.1385 to $0.129. The address received 15 million 1INCH tokens through vesting one year ago. Of these, 1 million were sold seven months ago at $0.17, and the remaining 14 million were just fully liquidated at $0.13.
1INCH Investor/Team Address Sells 14M Tokens for $1.83M, Price Drops 7%
TechFlowShare
Summary
Investor sentiment shifted as a 1INCH team/investor address sold 14 million tokens for $1.83 million, pushing the crypto price down 7%. The token dropped from $0.1385 to $0.129. The address had previously unlocked 15 million tokens a year ago, selling 1 million at $0.17 seven months ago and the rest recently at $0.13.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.