The post 1inch Team Withdraws $3. 71 Millicom. In a surprising cryptocurrency development that’s catching investor attention, the 1inch team withdraws a massive $3. 71 million worth of 1INCH tokens from Binance. This significant movement raises important questions about the team’s strategy and what it means for the token’s future price action. What Does the 1inch Team Withdraw Mean for Investors? The 1inch team withdraws 20 million 1INCH tokens from one of the world’s largest exchanges over a 14-hour period. According to on-chain analyst ai_9684xtpa, this substantial transaction occurred at an average price of $0. 1856 per token. This move represents one of the largest single withdrawals by the team in recent months. When the 1inch team withdraws tokens from exchange custody, it typically signals several possible scenarios: Long-term holding strategy Moving tokens to cold storage Ecosystem development Preparing for upcoming projects Price confidence Belief in future appreciation Staking preparation Getting ready for network participation How Does This Impact the 1INCH Token Supply? Following this transaction, the 1inch team’s address now controls an impressive 111 million 1INCH tokens. This massive holding, valued at approximately $20. 34 million, represents a significant portion of the circulating supply. The team’s average acquisition price sits at $0. 184, very close to current market levels. The timing of when the 1inch team withdraws tokens often provides clues about market sentiment. Currently, 1INCH trades at $0. 1829, showing a minor 0. 11% decline over the past 24 hours. This stability despite the large withdrawal suggests market confidence in the team’s actions. Why Should Crypto Traders Monitor Team Movements? Smart investors always pay attention when a project team makes substantial moves. The decision by the 1inch team to withdraw millions of dollars worth of tokens from exchange custody demonstrates their commitment to the project’s long-term success. Such actions often precede important developments or indicate strong belief in.
