1inch Team Fund Withdraws $3.71 Million in Tokens from Binance
The 1inch Team’s latest withdrawal of 7.56 million tokens raises its holdings to 119 million 1INCH, worth $21.74M, underscoring sustained commitment to its native asset.
1INCH
Summary
On February 17, 2025, the 1inch Team Investment Fund withdrew 7.56 million 1INCH tokens valued at $1.37 million from Binance. This transaction increased their total holdings to 119 million 1INCH tokens, now worth $21.74 million. The move marks continued confidence in their native token and follows earlier significant withdrawals to manage liquidity.
Terms & Concepts
- 1INCH: A governance and utility token for the 1inch decentralized exchange aggregator, used for voting and protocol operations.
- Binance: A global cryptocurrency exchange platform offering trading for a wide range of digital assets.