- An address related to Alameda claimed 11 million 1INCH a few hours ago.
- The address previously made moves in December 2021 and in June 2022.
- 1INCH is currently trading at $0.4005 after a 0.08% increase in price.
The on-chain analysis platform known as Lookonchain took to Twitter earlier today to share some 1inch Network (1INCH) whale activity. According to the post, an address related to Alameda claimed 11 million 1INCH, which is worth about $4.45 million, around 16 hours ago.
1INCH whale transaction (Source: Lookonchain)
Back in December of 2021, the same address claimed 12.4 million 1INCH, of which 1.4 million 1INCH was transferred to Alameda, and the remaining 11 million 1INCH was transferred to FTX. Then again, the address claimed 12.4 million 1INCH and transferred it to FTX on June 2 and 3 of this year.
Looking at the price of the crypto after this, we see that 1INCH is currently trading at $0.4005 after a 0.08% increase in price over the last 24 hours, and after reaching a high of $0.4065 over the same time period. The crypto is also still in the green by 0.34% over the last week.
1INCH weakened against the crypto market leader, Bitcoin (BTC) by about 0.02% over the last day, but was able to strengthen against Ethereum (ETH) by about 0.08%.
Also in the green zone is 1INCH’s 24-hour trading volume which currently stands at $16,453,213 after a more than 61% increase since yesterday.
With its market cap of $312,658,403, 1INCH is currently the 85th biggest crypto in terms of market capitalization. This places it right behind EthereumPoW (ETHW) in the 84th position and in front of ImmutableX (IMX) which is ranked 86th on the list of the biggest cryptos.
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