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 The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets. 
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<div class="cointelegraph">
 A crypto wallet belonging to the 1inch Investment Fund has bought huge amounts of Ether (ETH) a month after recently cashing out on its dollar-cost averaging (DCA) buys throughout the first quarter of 2023.&nbsp;
 Blockchain analysis platform Lookonchain, which follows and posts smart profitable trades, flagged the transaction. According to the firm, the 1inch-affiliated wallet bought a total of 6,088 ETH at the price of $1,655, which means that the company spent over $10 million on the purchase. 
 <blockquote class="twitter-tweet">
 <a rel="dofollow" title="1inch" href="https://thebittimes.com/tag/1inch.html">1inch</a> Investment Fund <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago. The <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14. Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom— Lookonchain (@lookonchain) August 28, 2023
 </blockquote> 
 The trade comes after the company cashed out and <a rel="dofollow" title="profit" href="https://thebittimes.com/tag/profit.html">profit</a>ed from its earlier moves on the ETH asset. According to blockchain data, the <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> bought around 17,000 ETH at an average price of $1,569 on three instances — on Jan. 13, Feb. 9 and March 14. The company spent around $26 million in total on the trades.&nbsp;
 When the price of Ether went up to $1,906 on July 5, the <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> sold around 11,000 ETH for a total of $21 million. This puts the <a rel="dofollow" title="profit" href="https://thebittimes.com/tag/profit.html">profit</a> of the <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> at $3.7 million from the Ether trades alone. The <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> currently holds a total of $80 million worth of various digital assets. 
 Related: Whale reclaims $74M in ETH locked in ENS auction
 On Aug. 18, a crypto whale dumped $41 million of ETH days before the recent market downturn. Earlier this month, the crypto trader deposited 22,341 ETH into the Binance exchange and withdrew around $41 million afterward. The trader suffered around $1.7 million in losses but managed to avoid a potential $5-million loss. 
 Meanwhile, Fenix International, the parent company of subscription platform OnlyFans, bought $20 million of ETH back in 2022. According to a filing to the United Kingdom corporate registry, the company spent $20 million in ETH between 2021 and 2022. However, by the end of November 2022, the investment was only worth around $8.5 million. 
 Magazine: Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20–26
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/1inch-wallet-buys-10m-in-eth-following-a-3-7m-profit-streak-in-july-tbt60638.html">https://thebittimes.com/1inch-wallet-buys-10m-in-eth-following-a-3-7m-profit-streak-in-july-tbt60638.html</a>

1inch wallet buys $10M in ETH following a $3.7M profit streak in July

TheBitTimes

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