1 year ago
The crypto wallet wallet linked to 1inch Investment Fund presently holds astir $80 cardinal successful assorted integer assets.
A crypto wallet belonging to the 1inch Investment Fund has bought immense amounts of Ether (ETH) a period aft precocious cashing retired connected its dollar-cost averaging (DCA) buys passim the archetypal 4th of 2023.
Blockchain investigation level Lookonchain, which follows and posts astute profitable trades, flagged the transaction. According to the firm, the 1inch-affiliated wallet bought a full of 6,088 ETH astatine the terms of $1,655, which means that the institution spent implicit $10 cardinal connected the purchase.
— Lookonchain (@lookonchain) August 28, 2023The commercialized comes aft the institution cashed retired and profited from its earlier moves connected the ETH asset. According to blockchain data, the wallet bought astir 17,000 Ether astatine an mean terms of $1,569 connected 3 instances which see Jan. 13, Feb. 9 and March 14. The institution spent astir $26 cardinal successful full connected the trades.
When the terms of Ether went up to $1,906 connected July 5, the wallet sold astir 11,000 ETH for a full of $21 million. This puts the nett of the wallet astatine $3.7 cardinal from the Ether trades alone. The wallet presently holds a full of $80 cardinal worthy of assorted integer assets.
Related: Whale reclaims $74M successful ETH locked successful ENS auction
On Aug. 18, a crypto whale dumped $41 cardinal successful ETH days earlier the caller marketplace crash. Earlier this month, the crypto trader deposited 22,341 ETH into the Binance speech and withdrew astir $41 cardinal afterward. The trader suffered astir $1.7 cardinal successful losses but managed to debar a imaginable $5 cardinal loss.
Meanwhile, Fenix International, the genitor institution of subscription level OnlyFans, bought $20 cardinal successful ETH backmost successful 2022. According to a filing to the United Kingdom firm registry, the institution spent $20 cardinal successful ETH betwixt 2021 and 2022. However, by the extremity of November 2022, the concern was lone worthy astir $8.5 million.
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