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1inch Team Acquires 9.65 Million 1INCH Tokens for $1.76 Million

The recent purchase of 1INCH tokens by the 1inch team suggests ongoing confidence in the token's market potential and possible further investments.

USDT
1INCH

Summary

The 1inch team has purchased 4.12 million 1INCH tokens for $880,000, transferring them to a designated address. Additionally, they moved 2 million USDT to Binance, indicating potential further purchases of 1INCH tokens as they continue to engage with the market.

Terms & Concepts
  • 1INCH: The native utility token of the 1inch decentralized exchange aggregator, used for governance and transaction fee discounts.
  • Token Acquisition: The process of purchasing cryptocurrency tokens, often as part of a strategic investment or operational decision.
  • Decentralized Exchange (DEX): A cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading of digital assets.