{"id":57927,"date":"2023-08-28T09:03:03","date_gmt":"2023-08-28T13:03:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=57927"},"modified":"2023-08-28T09:05:29","modified_gmt":"2023-08-28T13:05:29","slug":"1inch-investment-fund-wallet-buys-10m-worth-of-eth","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/1inch-investment-fund-wallet-buys-10m-worth-of-eth\/","title":{"rendered":"1inch Investment Fund Wallet Buys $10M Worth of ETH"},"content":{"rendered":"\n

A cryptocurrency portfolio of the 1inch Investment Fund<\/a> recently purchased 6,088 ETH at $1,655, spending over $10 million on the transaction and currently holding around $80 million in various digital assets.<\/p>\n\n\n\n

\"1inch
1inch Investment Fund Wallet Buys $10M Worth of ETH<\/figcaption><\/figure>\n\n\n\n

The transaction was flagged by the blockchain analysis platform Lookonchain, which tracks and publishes profitable intelligent trades. According to the company, the 1inch-affiliated wallet purchased 6,088 ETH at $1,655, spending over $10 million on the transaction.<\/p>\n\n\n\n

\n

1inch Investment Fund wallet spent $10M to buy 6,088 $ETH\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> at $1,655 6 hrs ago.

The wallet bought a total of 17K $ETH\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14.

Then sold 11K $ETH\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>($21M) at $1,906 on July 5, making ~$3.7M.https:\/\/t.co\/QhEm3M9Mm7<\/use><\/svg><\/span><\/a> pic.twitter.com\/JUxzA8hFom<\/use><\/svg><\/span><\/a><\/p>— Lookonchain (@lookonchain) August 28, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

This transaction occurred after the company cashed out and profited from its prior ETH investments<\/a>. According to blockchain data, the wallet purchased approximately 17,000 ETH three times at an average price of $1,569 on January 13, February 9, and March 14. <\/p>\n\n\n\n

The company spent roughly $26 million on the trades.<\/p>\n\n\n\n

On July 5, when the price of Ether rose to $1,906, the wallet sold approximately 11,000 ETH for $21 million. This results in a wallet profit of $3.7 million from Ether transactions alone. The portfolio currently contains digital assets worth a total of $80 million.<\/p>\n\n\n\n

A crypto whale<\/use><\/svg><\/span><\/a> unloaded $41 million worth of ETH on August 18, days before the recent market decline. Earlier this month, the trader deposited 22,341 ETH into the Binance exchange and withdrew approximately $41 million. The trader sustained losses of roughly $1.7 million but avoided a prospective loss of $5 million.<\/p>\n\n\n\n

In 2022, Fenix International, the parent company of the subscription platform OnlyFans, purchased $20 million worth of ETH. <\/p>\n\n\n\n

According to a filing with the United Kingdom's corporate registry, between 2021 and 2022, the corporation spent $20 million in ETH. At the end of November 2022, however, the investment was worth approximately $8.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

A cryptocurrency portfolio of the 1inch Investment Fund recently purchased 6,088 ETH at $1,655, spending over $10 million on the transaction and currently holding around $80 million in various digital assets. The transaction was flagged by the blockchain analysis platform Lookonchain, which tracks and publishes profitable intelligent trades. According to the company, the 1inch-affiliated wallet […]<\/p>\n","protected":false},"author":12,"featured_media":57934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73],"tags":[5643,16220,14232],"class_list":["post-57927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","tag-defi-2","tag-1inch-investment-fund","tag-1inch-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-100.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=57927"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/57934"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=57927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=57927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=57927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}