PANews reported on December 6 that according to Ember’s monitoring, the 1inch team’s investment fund sold another 2.823 million 1INCH in the past 7 hours in exchange for 1.496 million USDC. So far, since the sell-off began yesterday, the team has sold a total of 10.48 million 1INCH, earning a total of 5.564 million USDC, with an average selling price of $0.53.
The 1inch team previously purchased 22.45 million 1INCH at a price of $5.5 million between July and September, with an average price of about $0.245. The current sales volume has covered its initial investment cost, and the remaining holdings are pure profit.
