After the 1inch team’s investment fund transferred $5 million USDC to Binance, 1INCH surged nearly 29%.

GateNews
1INCH-2,09%

Odaily Planet Daily reports that on-chain analyst Ember (@EmberCN) monitored that the 1inch team’s investment fund transferred $5 million USDC to Binance eight hours ago. Following this, the price of 1INCH rapidly surged from $0.152 to $0.196, an increase of approximately 29%. Data shows that over the past two years, the fund has repeatedly accumulated 1INCH at low prices and sold at higher prices, achieving multiple swing profits. Last year, they bought at $0.24 and sold at $0.53; this year, they bought at $0.25 and sold around $0.28 in August.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

EdgeX recently transferred 50 million USDC to market makers.

Gate News reports that on March 29, on-chain data shows that edgeX's treasury recently decreased by 50 million stablecoins, from $190 million to $140 million. On-chain tracking found that two wallets, including the market maker Amber Group, moved the corresponding 50 million.

GateNews5h ago

Gauntlet Update on Resolv Vulnerability Handling Progress: USDC Frontier has been de-risked and will gradually restart the treasury.

Gauntlet has updated the progress on resolving the vulnerability on platform X. The USDC Frontier (v1) on the Base network has been reallocated, eliminating bad debt risk. Deposits for v1 and v2 vaults are now reopened, and Morpho will remove the warning tomorrow. The mainnet USDC Frontier (v2) vault is being restarted, and more information will be provided based on subsequent fixes.

GateNews11h ago

Peter Schiff Warns: Crypto Collateral Mortgages May Drive Up Homebuying Costs and Increase Default Risk

Economist Peter Schiff warns that crypto asset mortgages may increase the cost of home purchases and the risk of default, as borrowers must take on both mortgage and crypto "second loan" interest. This model amplifies leverage levels, raising concerns.

GateNews15h ago

USDC and CCTP Are Coming to Morph, Advancing Settlement for Payments

[PRESS RELEASE – Singapore, Singapore, February 26th, 2026] Stablecoins have become a foundational layer for settlement, moving value across payments, remittances, and treasury operations worldwide. As

CryptoPotato03-28 16:27
Comment
0/400
No comments