1inch Investment Fund Makes Strategic ETH Investment, Profits $10M
1Inch Investment Fund has been buying and accumulating massive amounts of ETH since January this year.
They have made a profit of $3.7 million by selling 11,000 ETH tokens at an average price of $1,906.
They have spent another $10 million this week, on another 6,088 ETH at an average price of $1,655.
Ethereum is currently sitting on the $1,640 support, which 1Inch believes to be a fairly strong support.
1-Inch may be betting on Ethereum consolidating for a while at $1,640 and then travelling further upwards from here.
1-Inch, the decentralized crypto exchange (much like Uniswap) has been making some pretty big moves lately, in the Ethereum space this year.