In the world of cryptocurrency, we witness the strategic moves of altcoin teams. The profits obtained from selling cryptocurrencies bought at favorable prices draw attention. The latest example of this is the wallet of the 1inch team.
1inch Investment Fund, owned by the 1inch team, once again showcased their skills in the trading field with a series of strategic moves. Last week, the team sold 416,924 UNI for $2.13 million.
Later, the team spent $2.13 million to buy back 420,828 UNI at a price of $5.06. After the price increase, the team sold all 420,828 UNI for $6.29 just six hours ago.
This strategic move provided the team with a significant amount of profit. The profit from the sale of UNI cryptocurrency exceeded half a million dollars, with a net profit of approximately $516,000.
The calculated move by the wallet where the 1inch team sold their cryptocurrencies gained attention in the cryptocurrency world. Lookonchain, reporting this development, also provided the details of the moves and informed the cryptocurrency community about the subject.
The success of earning approximately $516,000 in profit emphasizes the team’s expertise in analyzing the market and adjusting the timing to maximize returns. This move by the 1inch team demonstrates that a well-planned move can yield positive results in the cryptocurrency market.