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1inch Team Invests $10M in ETH Amid Market Dip; Whale Buys 151.3 WBTC
Generated by AI AgentCoin World
Sunday, Feb 2, 2025 11:38 am ET1min read
The 1inch team has invested $10 million in Ethereum (ETH), purchasing 3,257 tokens during a recent market dip. This strategic move comes as the crypto market continues to show signs of bullish sentiment, with prominent whale investors also increasing their holdings of Wrapped Bitcoin (WBTC) and ETH.
Over the past two hours, a prominent whale investor has acquired 151.3 WBTC by investing $15 million in USDT at an average price of $99,124. Since December 2022, this whale has committed a total of $228.5 million in USDT towards purchasing BTC and ETH, yielding an impressive unrealized profit of approximately $93.89 million in USDT.
Notably, $178 million in USDT has been allocated for the purchase of 2,687 WBTC at an average entry cost of $66,570, while $49.63 million in USDT was directed towards acquiring 17,792 ETH at an average purchase price of $2,790. This strategic accumulation emphasizes the ongoing bullish sentiment within the crypto market.
The 1inch team's investment in ETH during the market dip aligns with the broader trend of whale investors increasing their holdings of BTC and ETH. This move suggests that the 1inch team has a positive outlook on the future of ETH and the crypto market as a whole.
As the crypto market continues to evolve, investors and teams like 1inch are positioning themselves for potential gains by accumulating assets during market dips. This strategic approach has proven successful for the whale investor mentioned earlier, who has realized a significant unrealized profit through their accumulation of WBTC and ETH.
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