1inch Team Sells WBTC and ETH Amid Losses

According to Odaily, monitoring by @EmberCN reveals that the 1inch team investment fund recently sold 37.9 WBTC for $86,578 each, totaling approximately $3.28 million, and 511 ETH for $2,072 each, totaling around $1.05 million. This move is suspected to be a loss-cutting strategy. On-chain data indicates that between February 2 and March 10, the fund purchased WBTC, ETH, and 1INCH for a total of $44.22 million. This included buying 11,198 ETH at an average price of $2,577, totaling about $28.85 million; 160.8 WBTC at an average price of $88,395, totaling approximately $14.21 million; and 4.7 million 1INCH at an average price of $0.245, totaling around $1.15 million. Currently, these positions are in an unrealized loss state.