1inch denies that the team and treasury are selling tokens and plans to review the token economic model this year

1inch released a clarification statement regarding market fluctuations, stating that wallets controlled by its entities or teams, as well as multi-signature accounts of its treasury, have not sold any 1INCH tokens. 1inch does not control the tokens held by third parties or their trading decisions.

In addition, 1inch Network plans to review its token economic model this year to further enhance its resilience during periods of market downturns and liquidity shortages.

According to news yesterday, monitoring by Lookonchain revealed that three 1INCH investor wallets collectively sold 36,360,000 1INCH tokens, cashing out approximately 5.04 million USD, resulting in a 16.7% drop in the price of 1INCH.