1inch Network

<ul><li>1inch Network’s investment fund recently purchased $10 million worth of ETH at an average price of $1650.</li><li>The purchase came just hours after the DeFi protocol withdrew millions worth of crypto assets from Uniswap.</li><li>The protocol’s investment fund now holds 453 ETH worth more than $15 million.</li></ul>The investment fund of decentralized exchange (DEX) aggregator 1inch Network recently spent $10 million to purchase 6,060 ETH. The DeFi protocol reportedly acquired the Ether stash at an average price of $1650. Since the beginning of 2023, the investment fund has spent more than $26 million to buy up Ether.On-chain analytics platform Scope Protocol took to X (formerly Twitter) earlier today to share 1inch’s latest on-chain purchase:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cb19b536b5e043c8b74f85707f4c2896.png" />According to on-chain data gathered by Scope Protocol’s Scopescan, the 1inch team’s on-chain purchase of 6,060 ETH earlier today brought its total Ether holdings to 9,453 million worth more than $15.5 million. The investment fund’s latest purchase came just hours after it withdrew millions of dollars worth of crypto assets from the decentralized exchange Uniswap.The withdrawn crypto assets included a whopping 41.8 million Tether (USDT), 396 UNI ($1.85 million), 75,000 USD Coin, and 3,120 ETH ($5.18 million). Of this, approximately $10 million was used to fund the latest ETH purchase. 1inch’s investment fund address held 9,453 ETH and 31.7 million USDT at the time of writing.Fellow on-chain analytics platform Lookonchain <a href="https://twitter.com/lookonchain/status/1696054926831685999" rel="noopener noreferrer nofollow">highlighted</a> earlier today that 1inch’s team sold 11,000 ETH worth over $21 million at an average price of $1,906 on July 5. The sale made the investment fund a net profit of more than $3.7 million. Since the beginning of the year, the fund has spent $26.8 million to buy a total of 17,000 ETH spread across three separate purchases.Read full article at <a href="https://cryptotale.org/1inch-network-investment-fund-buys-eth-worth-10-million/" rel="noopener noreferrer nofollow">CryptoTale.</a>

1inch Network Investment Fund Buys ETH Worth $10 Million

CryptoTale

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