The 1inch team withdrew 6.334 million 1INCH from the CEX investment address, with the total position's unrealized gains exceeding $5 million.

BlockBeats News, July 13th. According to EmberCN's monitoring, following yesterday's transfer of 2 million USDT to Binance in the afternoon, the 1inch team's investment fund withdrew 6.334 million 1INCH tokens one and a half hours ago.

Since 7/6, they have used a total of 3.43 million USDC on-chain to purchase 13.23 million 1INCH tokens, and then transferred 7.97 million USDT to Binance to purchase and withdraw 32.41 million 1INCH tokens to an address. During this period, the price of 1INCH has risen by 100% ($0.18→$0.36).

Currently, the 1inch team's investment fund has spent a total of $13.64 million since February to acquire 55.85 million 1INCH tokens, at an average price of $0.244. The current unrealized gain is $5.13 million.