After the 1inch team’s investment fund transferred $5 million USDC to Binance, 1INCH surged nearly 29%.

Odaily Planet Daily reports that on-chain analyst Ember (@EmberCN) monitored that the 1inch team’s investment fund transferred $5 million USDC to Binance eight hours ago. Following this, the price of 1INCH rapidly surged from $0.152 to $0.196, an increase of approximately 29%. Data shows that over the past two years, the fund has repeatedly accumulated 1INCH at low prices and sold at higher prices, achieving multiple swing profits. Last year, they bought at $0.24 and sold at $0.53; this year, they bought at $0.25 and sold around $0.28 in August.