Developers of 1INCH have sold 15.69 million tokens worth 8.38 million USD

Sales involved 15.69 million tokens: Over three consecutive days, the 1INCH development team sold 15.69 million tokens. The total revenue generated from these sales amounted to approximately 8.38 million USD, indicating aggressive market maneuvers by the developers.

Initial sales generated 2.8 million USD: The first day’s sales included 5.2 million 1INCH tokens, yielding about 2.8 million USD at an average sale price of 0.533 USD per token. This indicates significant cash FLOW from initial transactions.

Current price is significantly low: Despite reaching a daily HIGH of 0.57 USD, the current trading price for 1INCH is 0.534 USD. It’s essential to recognize that the token is still 93% below its peak price of 7.87 USD.