$1INCH 1inch Team Withdraws Nearly 60 Million Tokens to Wallet After Buyback Campaign
Amidst the fiery red market, the development team of 1inch is quietly executing a large-scale token buyback and accumulation strategy, sending a strong signal of confidence in the project.
🔸 The investment fund affiliated with the 1inch group just executed a large withdrawal from the Binance exchange 2 hours ago. Specifically, they withdrew 20,000,000 $1INCH, equivalent to a value of approximately $1.86 million USD.
🔸 This action is not impulsive but part of a long-term plan. In November of last year, this fund deposited 5,000,000 USDC onto Binance to prepare "ammunition."
🔸 Over the past nearly 3 months, they have continuously purchased and withdrawn a total of 58,660,000 1INCH from the Binance exchange. The total value of tokens withdrawn to cold storage amounts to $5.53 million USD.
🔸 The move to use $5 million to buy back their own token indicates the 1inch team currently values the token at an attractive price.
The Dev Team is spending $5 million of their own money to buy back tokens and move them to cold storage. Do you see this as a long-term Bullish signal or merely a temporary price-supporting action?
News is for reference, not investment advice. Please read carefully before making a decision.
Amidst the fiery red market, the development team of 1inch is quietly executing a large-scale token buyback and accumulation strategy, sending a strong signal of confidence in the project.
🔸 The investment fund affiliated with the 1inch group just executed a large withdrawal from the Binance exchange 2 hours ago. Specifically, they withdrew 20,000,000 $1INCH, equivalent to a value of approximately $1.86 million USD.
🔸 This action is not impulsive but part of a long-term plan. In November of last year, this fund deposited 5,000,000 USDC onto Binance to prepare "ammunition."
🔸 Over the past nearly 3 months, they have continuously purchased and withdrawn a total of 58,660,000 1INCH from the Binance exchange. The total value of tokens withdrawn to cold storage amounts to $5.53 million USD.
🔸 The move to use $5 million to buy back their own token indicates the 1inch team currently values the token at an attractive price.
The Dev Team is spending $5 million of their own money to buy back tokens and move them to cold storage. Do you see this as a long-term Bullish signal or merely a temporary price-supporting action?
News is for reference, not investment advice. Please read carefully before making a decision.
