1inch Team Generates $8.36 Million Profit from ETH and 1INCH Sales

The 1inch team investment fund has concluded its initial sale of Ethereum (ETH) and 1INCH tokens, generating a profit of $8.36 million. The sales involved the conversion of 5,000 ETH at an average price of $4,215 to USDC and the disposal of 6.45 million 1INCH tokens at an average price of $0.28, resulting in USDC equivalent to $1.8 million. This move comes after they acquired these assets earlier, buying 11,198 ETH at a cost of 28.85 million USDC in February and 61.76 million 1INCH tokens for 15.65 million USDC in July.