The 1inch team investment fund has sold 5,000 ETH and 6.45 million 1INCH

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the 1inch team investment fund has started selling the ETH and 1INCH they previously purchased on-chain to realize profits. They have currently sold 5,000 ETH at an average price of $4,215, converting it into 21.07 million USDC; and sold 6.45 million 1INCH at an average price of $0.28, converting it into 1.8 million USDC.

ETH was purchased in February for 28.85 million USDC at a price of $2,577 for 11,198 ETH; 1INCH was purchased in July for 15.65 million USDC at a price of $0.253 for 61.76 million 1INCH.

The portion of ETH and 1INCH sold today has realized a profit of $8.36 million for them.