1inch allocates $10m to buy Ethereum

The wallet associated with the DeFi project’s investment fund 1inch bought 6,088 ETH (about $10 million). Analysts at Lookonchain highlighted this.

The purchase price was $1,655.

On January 13, February 9 and March 14, the fund bought 17,076 ETH at an average of $1,569. The trades totaled about $26 million.

Around July 5, about 11,000 ETH were sold at $1,906, yielding a profit of roughly $3.7 million.

As of now the wallet holds 9,453 ETH worth about $15 million. Overall the address holds digital assets worth roughly ~$80 million.

Between 2021 and 2022, the parent company of the OnlyFans content-subscription service invested $19.9 million in Ethereum.