A month after reaping profits from its DCA strategies, the crypto portfolio associated with the investment fund 1inch has made a massive investment in Ethereum, acquiring 6,088 ETH at a price of $1,655. This transaction, totaling a staggering $10 million, was tracked and reported by the blockchain analysis platform mest.io, which monitors lucrative trading activities. Prior to this latest move, the portfolio was in a buying frenzy, accumulating approximately 17,000 ETH for around $26 million on three occasions—January 13, February 9, and March 14—at an average price of $1,569.
From Liquidation to Capital Influx: The Diverse Portfolio of 1inch
This recent acquisition follows the tactical sale of ETH by the portfolio, liquidating around 11,000 ETH for a total of $21 million when the price of Ether rose to $1,906 on July 5. This skillful trading resulted in a net profit of $3.7 million, solely from Ether transactions. Currently, the 1inch-affiliated portfolio holds digital assets worth approximately $80 million, demonstrating both the breadth and depth of its holdings.
