The 1inch team’s investment fund caught the attention of on-chain analysts and crypto market watchers today by executing a significant sale. The fund converted a portion of its Bitcoin holdings into stablecoins. Blockchain data reveals that the fund sold 70.76 WBTC (Wrapped Bitcoin) for 6.676 million USDC. The sale happened just 30 minutes ago; the fund sold at a price of 94,346 dollars per WBTC. That’s a clear profit compared to the previous average buy-in price. This recent sale seems to be part of a larger effort to reweight or de-risk the fund’s portfolio. That’s especially pertinent as the market
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