According to on-chain data, the address marked as 1inch: Team Investment Fund Collection bought 3,076 $ETH for nearly $5 million over an hour ago at an average price of $1,625.
This is the second time within the last few days that the 1inch team bought $ETH. On August 28, 1inch bought 6,060 $ETH for around $10 million at an average price of $1,650. On July 5, the team sold 11k $ETH with an average price of $1,906 in exchange for $21 million.
Currently, the address holds more than $48.9 million worth of cryptocurrency, including around 26.8 million $USDT, 12,529 $ETH, 39.6k $UNI, and more.
Related: 1inch Sold 11,000 $ETH to Test Fusion Mode, Says Co-Founder
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