The 1inch Investment Fund wallet has carefully bought more Ethereum (ETH) in recent months. Recently, a wallet invested 5 million USDT (Tether) at $1,625 per ETH to buy 3,076 Ethereum (ETH) units. The transaction increases their Ethereum holdings to 12,529 ETH, worth $20.46 million, with a balance of 26.8 million US Dollars. The recent acquisition fits the 1inch investing Fund wallet’s strategic investing pattern. The company strategically bought 6,088 ETH at $1,655 per ETH six hours before the current transaction for $10 million. This investment boosts their Ethereum market presence.
1inch Investment Fund Wallet Nets $3.7 Million Profit from Ethereum Sale
Analysis of the last months shows that the wallet has consistently accumulated Ethereum. In January, February, and March, the individual or corporation purchased 17,000 Ethereum (ETH) units worth $26.8 million. These buys averaged $1,569 per ETH. They used the market’s positive momentum, proving their strategy works.
On July 5, the wallet liquidated 11,000 ETH valued at $21 million at $1,906 per ETH. The investment fund made approximately $3.7 million from the sale.
The 1inch Investment Fund wallet exemplifies the crypto industry trend. Whales have been hoarding Ethereum since August 18. Ethereum’s growth has coincided with favourable ecosystem improvements, including scalability studies.
Top Ethereum Addresses Now Control 35.26% of Supply
Santiment, a blockchain intelligence tracker, found that the top addresses now own 35.26% of Ethereum (ETH) supply, up from 34.89% on August 18. The value increase indicates a discrepancy between renowned addresses’ assets and exchange platform supply. Ethereum (ETH) stored on regulated exchanges decreased by 2% over this time.
A dip in Ethereum (ETH) held on cryptocurrency exchanges suggests a drop in the tendency to sell, which positively impacts Ethereum’s price. The continued acquisition of ETH by notable wallet investors supports the idea that Ethereum’s price will rise.
Ethereum’s Binance worth is $1,624.20. The cryptocurrency industry closely monitors the impact of big investors like the 1inch Investment Fund wallet on Ethereum’s development.
