Data: The 1inch team investment fund is suspected of conducting loss-cutting operations, selling approximately $4.34 million worth of WBTC and ETH

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the 1inch team investment fund sold 37.9 WBTC (approximately $3.28 million) at a price of $86,578 in the past hour, and sold 511 ETH (approximately $1.05 million) at a price of $2,072, suspected of conducting a loss-cutting operation.

On-chain data shows that the fund purchased WBTC, ETH, and 1INCH for a total of $44.22 million between February 2 and March 10, including:

• Purchased 11,198 ETH (approximately $28.85 million) at an average price of $2,577;
• Purchased 160.8 WBTC (approximately $14.21 million) at an average price of $88,395;
• Purchased 4.7 million 1INCH (approximately $1.15 million) at an average price of $0.245.

Currently, all these positions are in a state of unrealized loss.