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Successful Altcoin in Trade Makes a Heavy Purchase with Bitcoin Profit on Its Own Token! - Coin Bulletin
The 1inch Investment Fund directs the profit obtained from the sale of Bitcoin (BTC) to its own token 1INCH.
The investment fund of 1inch, one of the leading decentralized exchange protocols in the cryptocurrency world, has recently made a noteworthy strategic change. According to a report from Spot On Chain, the 1inch Investment Fund sold a significant amount of Wrapped Bitcoin (WBTC) over the past two days and invested the profits into its own native token 1INCH.
According to the report, the fund obtained 6.68 million USDC by selling 70.76 WBTC at an approximate unit price of 94,346 dollars. After this sale, the fund continued to hold 55.39 WBTC worth 5.15 million dollars, while generating a profit of approximately 421,000 dollars, which corresponds to 2.92%. With part of the obtained liquidity, the fund purchased 5.23 million 1INCH at an approximate price of 0.199 dollars and spent 1.05 million USDC for this purchase.
(# Successful trading history
1inch has a strong history in processing its own token. According to Spot On Chain data, the 1inch Investment Fund made purchases at a level of 0.245 dollars and sold at a level of 0.534 dollars in 2024, achieving an impressive profit of 118%. Additionally, in the previous transaction conducted by the fund in December 2024, the entire principal amount was recovered with 5.57 million dollars generated from the sale of 22.45 million 1INCH tokens collected during the July-September 2024 period.