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In the active world of cryptocurrencies, sometimes we witness strategic moves of altcoin teams. The profits obtained from selling cryptocurrencies bought at favorable prices have drawn attention. The latest example of this is the wallet of the 1inch team, called 1inch <a href="https://en.coin-turk.com/crypto-market-swings-amidst-regulatory-rifts-in-the-us/”>Investment Fund.
The Team’s Strategic Altcoin Moves
1inch Investment Fund, owned by the 1inch team, once again showcased its skill in the trading arena with a series of strategic moves. The team sold 416,924 UNI for $2.13 million a week ago on November 17.
The team then spent $2.13 million to buy back 420,828 UNI at a price of $5.06. After that, due to the increase in price, the team sold all 420,828 UNI just 6 hours ago at $6.29.
This strategic move by the team also resulted in a significant amount of profit. Accordingly, the team’s profit from the sale of this cryptocurrency, UNI, exceeded half a million dollars. The net profit amounted to approximately $516,000.
Strategic Sales for Significant Profits
The calculated move of a wallet owned by the 1inch team, which sold its cryptocurrencies, attracted attention in the cryptocurrency world. Lookonchain, which reported the development, also provided a breakdown of the movements. It also informed the cryptocurrency community about the matter.
The achievement of earning approximately $516,000 in profit following this clever maneuver highlights the team’s expertise in navigating the market and making well-timed transactions to maximize returns.
The meticulous cryptocurrency transactions of a wallet owned by the 1inch team exemplify a sharp understanding of market dynamics. It not only showcases profitable selling strategies but also demonstrates masterful reinvestment tactics.
Investors and enthusiasts who want to be one step ahead in the cryptocurrency trading field can undoubtedly be inspired by the team’s sensitivity to navigating the volatile cryptocurrency environment. By following their next strategic maneuvers, they can also carve a path for themselves. This move by the 1inch team also demonstrates that a planned move can yield positive results in the cryptocurrency market in a short period of time.