According to blockchain tracker Lookonchain, the investment fund associated with decentralized exchange aggregator 1inch has suddenly acquired $10 million worth of Ethereum over the weekend. The same wallet also purchased 17,000 ETH worth $26.8 million between January and March of this year. On July 5th, the wallet sold 11,000 ETH for roughly $21 million at a profit of $3.7 million. Additionally, Lookonchain notes that a wallet known as dimethyltryptamine.eth spent 27 ETH worth $45,000 to purchase 50 billion Pepe on Sunday.
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1inch Investment Fund Abruptly Accumulates $10,000,000 in Ethereum Amid Market Downturn: On-Chain Data
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