en.bitcoinsistemi.com
According to Onchain data, developers of a cryptocurrency project added their own tokens to their wallets with the decline.
In onchain data provided by crypto analyst Ember, it was observed that the 1inch developer team started purchasing $1INCH tokens again. The developers purchased 6.69 million $1INCH by paying $1.67 million.
However, since July 5, developers have purchased 11.45 million $1INCH tokens for a total of $2.99 million at an average price of $0.26.
The $1INCH price is trading at $0.2472 at the time of writing. The altcoin's price has lost approximately 32% in the last month. The loss rate over the last year has remained relatively constant at 1.88%. On the other hand, the altcoin's price has climbed to $0.68 over the last year.
On the other hand, it is noteworthy that the purchase in question came at a time when the cryptocurrency market was in a downturn. Bitcoin price has lost 4% in the last 24 hours and is trading at $59,036, below $60,000 at the time of writing.
*This is not investment advice.