Back

1inch Fund Transfers $5M USDC to Binance as Token Surges 29%

Eight hours before a 29% jump in $1INCH’s price, 1inch’s investment fund moved $5 million USDC to Binance, reflecting its ongoing strategy of timely market entries and exits.

USDC
1INCH

Summary

An on-chain report indicates 1inch’s investment fund sent 5 million USDC to Binance approximately eight hours before 1INCH’s price rose 29%, from $0.152 to $0.196. The fund has a history of successful low-buy, high-sell trading patterns over the past two years, consistently timing market moves for profit.

Terms & Concepts
  • USDC: A stablecoin pegged to the U.S. dollar, issued by Circle, commonly used for trading and transfers in cryptocurrency markets.
  • On-chain analyst: A researcher who examines blockchain transaction data to identify trends or significant movements of assets.
  • Binance: A major global cryptocurrency exchange offering trading of digital assets and derivatives.