Decoding if 1INCH could fall to sell pressure as whale transfers into exchange

On 12 February, a whale transferred $1.09 million worth of 1inch Network 1INCH into Binance, Lookonchain revealed. Usually, a transfer of this magnitude infers an intent to sell.

Timeline of 1inch

Key Points: 1inch Network, a DEX aggregator, provided a project data update on February 12. To date, 1inch Network reported that 1,507,992 INCH tokens have been granted to the parser incentive plan, amounting to more than $800,000 USD at the current pricing.

1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers.

Decentralized exchange (DEX) aggregator 1inch has announced the launch of its proprietary cold storage hardware wallet amidst the growing trend of self-custody of assets.  The team at 1inch has stated that the project is in its final stages of development and expects the wallet to go on sale later this year.

The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.

Just as the general crypto market stages a recovery after a long bear market, the 1inch Network (1INCH/USD) has unveiled its hardware wallet joining the other hardware crypto wallet providers of Ledger. The 1inch Hardware Wallet offers a cutting-edge solution for cold storage as crypto hacks become rampant.

Now that the cryptocurrency market is recovering, there is a resurgence of growth-centric partnership announcements. 1INCH Network's [1INCH] latest announcement suggested that it had gone down the same route.

According to TokenUnlock's calendar, vesting will release 1INCH network tokens worth over $111.5 million on December 30. According to the platform, more than $111.5 million represents approximately 222,187,500 1INCH or nearly 15% of its supply.

1inch, the largest decentralized exchange aggregator by daily volume, carried out a protocol upgrade called Fusion that offers DeFi users the ability to place custom swap orders at specific prices without having to pay gas fees — a feature usually missing on DEXs. The post 1inch upgrades to offer gasless custom swaps and MEV protection appeared first on The Block.

1inch Network has just revealed their new Fusion update for the 1inch Swap Engine, solidifying its position as one of the top decentralized finance aggregators. The network's Fusion upgrade seeks to provide crypto investors with dependable, safe and profitable exchanges at a lowered cost.

The 1inch Network has released a major upgrade, Fusion. The upgrade aims “to make swaps on 1inch yet more profitable and secure, setting new standards for cost-efficiency, security and user experience in the DeFi space.