1inch Investment Fund’s wallet goes on a $10 million Ether shopping spree, smartly buying and selling while crypto enthusiasts stock up with confidence.
- 1inch Investment Fund’s wallet splurges over $10 million on Ether, making a shopping spree that’d impress even the savviest spender.
- They bought 6,088 ETH at $1,655 and later sold 11,000 ETH for a $3.7 million profit when Ether decided to do a price strut.
- The wallet’s got a $80 million treasure trove, a mix of crypto goodies like USDT, UNI, USDC, DAI, and Ether – talk about a diverse collection!
- Despite Ether’s moody dance, both retail investors and whales are stacking up, showing their confidence in the future value of the coin.
Imagine your crypto wallet making a splurge like it’s Black Friday! The 1inch Investment Fund’s wallet just did that – spending over $10 million on Ether. And guess what? It’s like they’ve got a crystal ball, as they’re not only buying but also selling smartly, raking in profits. Even though Ether’s been feeling a little down, these folks are stocking up for the future. Let’s dive into this crypto shopping adventure!
Hey, crypto enthusiasts! Ever had that feeling when you spot a tempting sale and your wallet suddenly feels like it’s doing a victory dance? Well, the 1inch Investment Fund’s wallet just did something similar in the crypto world. They made a grand entrance by scooping up a bunch of Ether – let’s call it their very own digital shopping spree!
1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago.
The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14.
Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom
— Lookonchain (@lookonchain) August 28, 2023
The Grand Ether Hunt
Imagine you’re at a candy store, but instead of candy, it’s Ether, and instead of you, it’s the 1inch wallet loading up the cart. This wallet recently went on a shopping rampage, buying a whopping 6,088 ETH at an average price of $1,655. Hold on to your hats – that’s more than $10 million spent on the shopping list! Who knew wallets could be such big spenders, right?
Smart Buying, Smarter Selling
But wait, the 1inch wallet isn’t just about buying – they’re rocking that savvy investor cap too! They’ve had not one, not two, but three rounds of Ether hauls. On January 13, February 9, and March 14, they added a cool 17,000 ETH to their collection, worth $26.8 million. And guess what they did next? When Ether decided to show off and strut around at $1,906, the wallet sold 11,000 ETH, making a sweet profit of $3.7 million. It’s like catching a rare Pokémon and selling it at just the right moment.
So, what’s the wallet’s current playground like? Well, it’s not just Ether they’re juggling – they’ve got a mix of goodies worth more than $80 million! Think of it as their treasure trove with digital coins like USDT, UNI, USDC, and DAI, all partying together. It’s like they invited all the cool kids to their crypto bash.
Retail Shoppers Love Ether
Even though Ether’s been having a bit of a moody moment, retail investors are treating it like a superstar sale item. Addresses holding at least 10 ETH (these are the “average Joe” investors) are stacking up, reaching a 4-week high. It’s like everyone’s raiding the shelves for that irresistible discount.
And speaking of big players, Ether’s whale activity is going through the roof! Those holding between 10 and 10,000 ETH (the crypto whales) have hit a 16-week high. Even though Ether’s doing a dance around $1,700, these big shots are showing mega-optimism. It’s like they’re giving the coin a virtual high-five and saying, “Hang in there, buddy!”
To Sum it All Up….
So, what’s the takeaway from this crypto shopping escapade? The 1inch Investment Fund’s wallet is like that smart shopper who knows when to splurge and when to score big profits. Even though Ether’s been acting a little shy lately, these crypto lovers are convinced it’s got a bright future. So, whether you’re a digital shopaholic or a cautious window shopper, remember – the crypto world is full of surprises and opportunities. Who knows, your wallet might just be the next one to make headlines in this electrifying adventure!
