1inch (1INCH) Price Action Torn Between Buying From the Project's Team and Selling From Pantera Capital

1inch 团队购买影响，$1INCH 在昨天上涨 12%。不过 1inch 的投资机构 Pantera Capital 却在最近出售 1INCH：2 小时前，Pantera Capital 将 1365 万枚 1INCH ($3.55M) 转入 Coinbase Prime。

A recent analysis by on-chain data trackers has revealed contrasting actions by the 1inch team and major institutional investor Pantera Capital, impacting the price of 1INCH.

On August 21, as noted by crypto sleuths, Pantera Capital transferred 13.65 million 1INCH, valued at $3.55 million, to Coinbase Prime. This move is part of a larger sell-off strategy, as Pantera began selling its 1INCH holdings 28 days ago, on July 23. Over this period, the investment firm has transferred a total of 59.11 million 1INCH, valued at $17.87 million, to Coinbase Prime.

Meanwhile, the 1inch team has been heavily purchasing 1INCH from the market, notably contributing to a 12% increase in the token's price yesterday. This surge in value is largely driven by these purchases, highlighting growing confidence from the project’s core team in the token's potential.

Pantera Initially Acquired 96.5 Million 1INCH

Pantera Capital initially acquired 96.5 million 1INCH as part of their investment in the decentralized exchange aggregator project. The recent sales, therefore, represent a significant portion of their holdings, signaling a potential shift in their long-term outlook on the token.

The institutional investor’s move and the rationale behind it have sparked discussion within the crypto community. While the reasons for Pantera's decision to sell are yet to be disclosed, their actions introduce a countervailing force in the market, even as the 1inch team's purchases attempt to bolster the token's value.

The contrasting actions of these two influential entities—one buying and the other selling—create a mixed outlook for 1INCH in the short term. On one hand, the support from the 1inch team suggests confidence in the project's future. On the other hand, Pantera Capital's continued sell-off may indicate a more cautious or bearish stance.

As the market digests these developments, the future trajectory of 1INCH remains uncertain, with traders and investors watching closely for any further moves by either the 1inch team or Pantera Capital.

The abovementioned analysis is based on on-chain data and observations, and it serves to highlight the contrasting actions undertaken by the 1inch team and Pantera Capital, which have a تأثير on the price of 1INCH.

However, it's crucial to note that this analysis and the included鏈上 data are for informational purposes only and should not be construed as financial or trading advice. Always conduct your independent research, exercise caution, and consult a qualified professional before making any investment or engaging in any cryptocurrency-related activities. Stay informed on the latest crypto news andوضوعات ساخنة by following The Merkle Hash on Twitter.

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