Yesterday, the price of 1INCH saw a notable 12% increase, largely driven by purchases from the 1inch team itself. This surge in value highlights growing confidence from the project’s core team. However, this positive momentum is met with a significant counterforce: Pantera Capital, a major institutional investor, has been steadily offloading its 1INCH holdings. Just two hours ago, Pantera Capital transferred 13.65 million 1INCH, worth approximately $3.55 million, to Coinbase Prime. This move is part of a larger sell-off strategy that Pantera Capital began 28 days ago, on July 23. Over this period, the investment firm has transferred a total
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