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  <p class="is-style-lead">1inch Network’s native token,&nbsp;<a target="_blank" href="https://crypto.news/price/1inch/" rel="noopener noreferrer nofollow">1INCH</a>, is down 34% in the past 24 hours, making it the biggest loser among the top 100 assets ranked by market capitalization.&nbsp;</p> 
  <p>Consequently, market participants appear to be selling due to the decline, heaping more pressure as the token crashed below multiple support levels to around the $0.37 zone.</p> 
  <p> You might also like: <a href="https://crypto.news/1inch-network-unveils-new-hardware-wallet/" rel="noopener noreferrer nofollow"> 1inch Network unveils new hardware wallet </a> </p> 
  <p>1INCH is correcting less than a week after a market-wide rally sparked by Judge Analisa Torres’&nbsp;<a target="_blank" href="https://crypto.news/xrp-is-not-a-security-us-judge-rules/" rel="noopener noreferrer nofollow">ruling</a>&nbsp;in the Ripple vs. United States Securities and Exchange Commission (SEC) legal battle. The market interpreted the order positively, lifting Bitcoin and altcoins, including 1INCH.</p> 
  <p>Before then, 1INCH had been consolidating between $0.30 and $0.34 for two weeks before its upsurge on July 13. The rally brought it to a high of $0.5935 by July 17, marking an 89% increase in four days.</p> 
  <figure class="wp-block-image size-large"> 
   <img decoding="async" width="1024" height="546" src="https://crypto.news/app/uploads/2023/07/1INCH-price-July-18-1024x546.png" alt="1INCH plunges 34% days after Ripple-SEC ruling - 1" class="wp-image-14179043"> 
   <figcaption class="wp-element-caption">
     1INCH price – July 18 | Source: Trading View 
   </figcaption> 
  </figure> 
  <p>Within this timeframe, 1INCH experienced a significant increase in trade volume due to a surge in investor interest in capitalizing on the rally. Notably, the token became the second-most traded asset on Upbit, South Korea’s largest exchange, on July 17.</p> 
  <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
   <div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="Introducing 1inch Fusion | Nick Kozlov, 1inch | Pit Hacker House, ETHDenver 2023" width="1020" height="574" src="https://www.youtube.com/embed/uBVpuoN2SlY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
   </div> 
  </figure> 
  <p>According to <a href="https://www.coinlore.com/coin/1inch" target="_blank" rel="noopener noreferrer nofollow">trackers</a>, on July 17, 1INCH’s 24-hour trade volume stood at $112.5 million. However, the market-wide run saw the upward momentum fall. </p> 
  <p>Bears forced 1INCH lower to $0.4029, a 6.16% correction from $0.5935 posted on July 17. These losses spilled over, triggering even more losses on July 18.</p> 
  <p> Read more: <a href="https://crypto.news/crypto-influencers-firms-must-add-disclaimers-to-meme-promos-fca-says/" rel="noopener noreferrer nofollow"> Crypto influencers, firms must add disclaimers to meme promos, FCA says </a> </p>
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1INCH plunges 34% days after Ripple-SEC ruling

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