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A certain 1inch investor/team's address conducted a 14 million 1INCH token sell-off causing a 7% drop in 1INCH price
BlockBeats News, January 27th, according to on-chain analyst Wu Jinyu's monitoring, a certain 1inch investor/team address just now conducted an on-chain liquidation selling 14 million 1INCH (1.83 million USD), causing a 7% drop in 1INCH price (from $0.1385 to $0.129).
This address obtained 15 million 1INCH through vested unlocking a year ago, where 1 million was sold 7 months ago at $0.17, and the remaining 14 million was liquidated just now at a price of $0.13.
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