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1inch investors/team addresses liquidate and sell 14 million 1INCH tokens, causing the price to drop by 7%
Odaily Planet Daily reported that on-chain analyst Yu Jin monitored an address of an investor/team of 1inch (0x38c…b12). The address sold off 14 million 1INCH tokens, worth $1.83 million, causing the price of 1INCH to drop from $0.1385 to $0.129. The address had acquired 15 million 1INCH through vesting unlocks a year ago, of which 1 million was sold 7 months ago at a price of $0.17, and the remaining 14 million was fully sold today at a price of $0.13.