The 1inch Investment Fund has carried out several strategic trades during the recent couple of days. As per Spot On Chain, 1inch Investment Fund has sold 10.48M $1INCH coins for $5.57M, effectively getting a 114% profit on its 5-month investment which started in July. The on-chain analytics provider took to social media to provide the details of this development.
1inch Investment Fund Gets a Massive $6.28M by $1INCH Transactions after a 5-Month Investment
Spot On Chain revealed that 1inch Investment Fund executed these trades at $0.531 as an average price to get $6.28M. The respective profit denotes a significant milestone for the platform in the case of its 5-month investment venture. In this respect, 1inch efficiently recovered the principal amount it utilized to initially acquire 22.45M $1INCH from July to September.
The latest moves of the fund highlight a calculated approach to leverage the market opportunities. The platform reportedly spent nearly $5.5M to amass $22.45M $1INCH coins. In this respect, it frequently bought the market dips. The respective disciplined strategy permitted the fund to substantially boost the holdings thereof at promising price points. On the 2nd of September, the fund displayed an analogous tactical move. It spent up to $1.75M to get 7.96M $1INCH coins amid the market bottom.
1inch Still Possesses 22.36M $INCH Tokens, Showing Its Confidence in $1INCH’s Prospects
After the recent sales, the wallet of 1inch Investment Fund still possesses an enormous 22.365M $INCH coins at the value of $11.7M at present market prices. This points toward its confidence in the long-term prospects of the token to capitalize on the next market opportunities. According to Spot On Chain, the fund’s buy-low, sell-high strategy reflects the efficient market timing, boosting its status as a prominent player in the DeFi sector. While $1INCH keeps gaining traction, its precise moves can potentially inspire other investors looking to capitalize on such opportunities.
Source: https://blockchainreporter.net/1inch-investment-fund-records-114-gains-on-latest-1inch-trades/