The 1inch team's investment address has deposited 2 million USDC to a CEX, or may continue to accumulate 1INCH.

BlockBeats News, July 13th, according to EmberCN monitoring, the 1inch team's investment address deposited 2 million USDC to a CEX, potentially continuing to accumulate 1INCH.

Earlier today, the 1inch team's investment fund withdrew 6.334 million 1INCH from a CEX. Since 7/6, they have used a total of 3.43 million USDC on-chain to purchase 13.23 million 1INCH, and then transferred 7.97 million USDT to Binance to purchase 32.41 million 1INCH and withdrew to an address. During this period, the price of 1INCH has increased 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 at an average price of $0.244. The current unrealized gain is $5.13 million.