On-chain data analyst Ember Monitor pointed out that in the past 12 hours, the 1inch team address sold 1.76 million 1INCH for 814,000 USDT at a price of $0.46, and then spent 3.437 million USDT to buy 80.39 WBTC, with an average price of $42,760.
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The 1inch team address purchased 80.39 WBTC after selling 1.76 million 1INCH.
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