1inch Network

1INCH, the native token of the DeFi exchange aggregator 1inch, had a very volatile ride over the past week. The token gained and lost double digits within a matter of days, all due to alleged manipulation from a crypto whale who executed significant 1INCH orders.Prithvir Jhaveri, co-founder, and CEO of blockchain analytics platform Loch took to Twitter earlier today to share his analysis of the 1INCH’s price action:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/61fc46ed4db34e358cc48e0b011202ac.png" />Data from <a href="https://coinmarketcap.com/currencies/1inch/" rel="noopener noreferrer nofollow">CoinMarketCap</a> showed that 1INCH’s price catapulted 41%, going from $0.41 to $0.58. The rally caused the token’s market capitalization to go from $280 million all the way up to $545 million. However, the rally was cut short after 1INCH’s price reached a two-month high of $0.58 on July 17, 2023.The following 24 hours saw the token take a nosedive, reaching as low as $0.37 after a 36% decline, leaving crypto investors confused. According to Loch founder Prithvir Jhaveri, the massive volatility in 1INCH’s price was caused by the trading activities of a single crypto whale. As per data gathered by Jhaveri, the whale held 102 million tokens before the pump.Read full article at <a href="https://cryptotale.org/1inch-whale-causes-massive-fluctuation-in-native-tokens-price/" rel="noopener noreferrer nofollow">CryptoTale.</a>

1Inch Whale Causes Massive Fluctuation in Native Token’s Price

CryptoTale

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