The 1inch Investment Fund has initiated a capital reallocation—this time relocating from Bitcoin-backed assets into 1INCH tokens. When it comes to what this might mean, there seem to be two potentially significant takeaways: 1. The fund might believe 1INCH is undervalued. 2. If the fund otherwise believes in the value of WBTC, this capital reallocation could be interpreted as a transition to a careful profit-taking phase. Data from the blockchain shows that the 1inch Investment Fund recently sold off 70.76 WBTC, which is worth about $6.68 million. And they sold it at an average price of around $94,346. And they

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The 1inch team’s investment fund caught the attention of on-chain analysts and crypto market watchers today by executing a significant sale. The fund converted a portion of its Bitcoin holdings into stablecoins. Blockchain data reveals that the fund sold 70.76 WBTC (Wrapped Bitcoin) for 6.676 million USDC. The sale happened just 30 minutes ago; the fund sold at a price of 94,346 dollars per WBTC. That’s a clear profit compared to the previous average buy-in price. This recent sale seems to be part of a larger effort to reweight or de-risk the fund’s portfolio. That’s especially pertinent as the market

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1inch has teamed up with the Bruce Lee Family Company for the “Take crypto seriousLee” campaign, merging DeFi and Lee’s legacy to shift public perception of cryptocurrencies.

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1inch claims that the feature has built-in security against maximal extractable value (MEV) attacks. 

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The white paper comes shortly after Polygon Labs and Ethereum co-founder Vitalik Buterin revealed new cross-chain interoperability solutions.

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The 1inch team has been strategically maneuvering within the crypto market, recently executing a significant buyback of its 1INCH token. According to recent data, the team spent 1.751 million USDC to repurchase 7.961 million 1INCH tokens at an average price of $0.22. This buyback is part of a broader strategy that began on July 5, 2024, during which the team has invested a total of $5.5 million in USDC and USDT to purchase 22.45 million 1INCH tokens at an average price of $0.245, capitalizing on market lows. This calculated approach follows a period between March 1, 2023, and January 14,

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Yesterday, the price of 1INCH saw a notable 12% increase, largely driven by purchases from the 1inch team itself. This surge in value highlights growing confidence from the project’s core team. However, this positive momentum is met with a significant counterforce: Pantera Capital, a major institutional investor, has been steadily offloading its 1INCH holdings. Just two hours ago, Pantera Capital transferred 13.65 million 1INCH, worth approximately $3.55 million, to Coinbase Prime. This move is part of a larger sell-off strategy that Pantera Capital began 28 days ago, on July 23. Over this period, the investment firm has transferred a total

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Blockaid CEO Ido Ben-Natan told Cointelegraph that the product allows developers to integrate the solution through an API, avoiding the need to develop security measures from scratch.

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