According to on-chain data, the address marked as <a target="_blank" href="https://tokeninsight.com/en/coins/1inch/overview">1inch</a>: Team Investment Fund Collection bought 3,076 <a target="_blank" href="https://tokeninsight.com/en/coins/ethereum/overview">$ETH</a> for nearly $5 million over an hour ago at an average price of $1,625.
This is the second time within the last few days that the 1inch team bought $ETH. On August 28, 1inch bought 6,060 $ETH for around $10 million at an average price of $1,650. On July 5, the team sold 11k $ETH with an average price of $1,906 in exchange for $21 million.
Currently, the address holds more than $48.9 million worth of cryptocurrency, including around 26.8 million $USDT, 12,529 $ETH, 39.6k $UNI, and more.
Related: <a target="_blank" href="https://tokeninsight.com/en/news/1inch-sold-11-000-eth-to-test-fusion-mode-says-co-founder">1inch Sold 11,000 $ETH to Test Fusion Mode, Says Co-Founder</a>
<img src="https://s2.tokeninsight.com/static/calendar/img202309050639214dd752ff-d550-4384-aa4b-7d29e759fda1.jpg">
<ul>
 <li>Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a></li>
 <li>Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a></li>
 <li>If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a></li>
</ul>

1inch Bought Another 3,076 $ETH for $5M

TokenInsight

Other articles published on Sep 5, 2023

Cardano’s Transaction Volume Skyrockets by 1,700% Since January Despite Market Stagnation

Visa Expands USDC Settlement Pilot to Solana Blockchain

Analyst Says If History Repeats, Bitcoin Price Will Rocket After Hitting This Exact Target

Australian Crypto Exchange Lists Shiba Inu’s BONE Token

Ethereum Futures Market Faces Sell-off; Bearish Sentiment Rises

Cambridge Unveils Revised Bitcoin Energy Consumption Data, Debunks Previous Overestimates

Join our free newsletter for daily crypto updates!