The 1inch team has been strategically maneuvering within the crypto market, recently executing a significant buyback of its 1INCH token. According to recent data, the team spent 1.751 million USDC to repurchase 7.961 million 1INCH tokens at an average price of $0.22. This buyback is part of a broader strategy that began on July 5, 2024, during which the team has invested a total of $5.5 million in USDC and USDT to purchase 22.45 million 1INCH tokens at an average price of $0.245, capitalizing on market lows. This calculated approach follows a period between March 1, 2023, and January 14,
The post 1inch Team Executes Strategic Token Buyback, Accumulates 34.7M 1INCH appeared first on The Merkle News.
