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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/1inch-token-balance-on-centralized-exchanges-surges-to-65m/">1Inch Token Balance on Centralized Exchanges Surges to $65M</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The balance of 1INCH tokens held in wallets tied to centralized exchanges has surged by 50% in three days, according to data from Glassnode. The boost in exchange balance suggests that investors are moving coins to exchanges when intending to sell or deploy coins as a margin for trading derivatives. This is widely considered a precursor to price volatility. 1INCH fell by 10% to 36 cents on Tuesday, registering its biggest single-day drop since June 10. The decline has been attributed to profit-taking by a whale, according to Prithvir Jhaveri, co-founder and CEO of Loch Research.</p>

1Inch Token Balance on Centralized Exchanges Surges to $65M

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