Data: After the 1inch team investment fund transferred 5 million USDC to Binance, 1INCH surged nearly 29%

According to on-chain analyst Yu Jin (@EmberCN), the 1inch team investment fund transferred 5 million USDC to Binance today, and subsequently, the price of 1INCH rapidly increased from $0.152 to $0.196, a rise of about 29%. Data shows that the fund has repeatedly accumulated 1INCH at low prices and sold at high prices over the past two years, achieving multiple profitable trades. Last year, it bought at $0.24 and sold at $0.53; this year, it bought at $0.25 and sold around $0.28 in August.