1inch team withdraws $3.71M in 1INCH from Binance

An address associated with the team behind the decentralized exchange 1inch has withdrawn 20 million 1INCH, valued at approximately $3.71 million, from Binance over the past 14 hours, according to on-chain analyst ai_9684xtpa. The average price for the withdrawal was $0.1856. Following the transaction, the 1inch team's address now holds a total of 111 million 1INCH, worth around $20.34 million, with an average acquisition price of $0.184. According to CoinMarketCap, 1INCH is currently trading at $0.1829, down 0.11% over the past 24 hours.