1inch Team Sells $6.67 Million in WBTC, Impacting Crypto Trading Strategies

The 1inch team recently executed a significant transaction by selling 70.76 Wrapped Bitcoin (WBTC) at a price of $94,346 each, generating a sale worth approximately $6.67 million USDC. This move has sparked interest and discussion within the crypto community, raising questions about its potential implications for market dynamics and trading strategies. The sale of WBTC, which represents Bitcoin on the Ethereum blockchain, could indicate a shift in the 1inch team’s investment strategy or a response to current market conditions.