1inch Mutual Fund's crypto wallet purchased a significant amount of Ether. Analysis by Lookonchain revealed that the wallet received 6,088 ETH at an average price of $1,655, and the wallet associated with the DEX aggregator spent over $10 million. 📈

Blockchain data shows that 1inch's wallet purchased a total of 17 thousand ETH on January 13, February 9, and March 14. Ether worth $26.8 million was obtained through these transactions. The wallet sold 11,000 ETH on July 5 when the Ether price rose to $1,906, generating approximately $21 million and making a profit of $3.7 million. 💰

Currently, the wallet in question holds over $80 million worth of crypto assets such as USDT, UNI, USDC, DAI, in addition to Ether. This move comes just a month after completing dollar cost averaging (DCA) transactions in early 2023.

On the other hand, Ether has been in a downward trend since the second week of July. The recent market decline has further fueled the altcoin's decline and led to significant accumulation among retail investors. According to Glassnode's latest alert, retail investors holding at least 10 ETH are collecting the token at current levels, and this group has reached a 4-week high.

Alongside retail accumulation, Ether's whale activity has also surged to a 16-week high. According to Santiment's analysis, addresses holding between 10 and 10,000 ETH rose to 355,000 as the price struggled below $1,700.