---
title: "1inch Wallet Acquires $10 Million Worth of ETH: Data"
url: https://diffcoin.com/1inch-wallet-acquires-10-million-worth-of-eth-data/
description: "Ether's accumulation trend has been on a rise despite price hovering below $1,700."
published: 2023-08-29
updated: 2023-08-29
author: "Mila"
site: "Diffcoin"
---

# 1inch Wallet Acquires $10 Million Worth of ETH: Data

The 1inch Investment Fund’s crypto wallet has made a substantial purchase of Ether.

Lookonchain – the popular blockchain analysis platform – highlighted the transactions and revealed that the wallet acquired 6,088 ETH at an average price of $1,655. In doing so, the wallet associated with the DEX aggregator spent over $10 million.

- Blockchain [data](https://twitter.com/lookonchain/status/1696054926831685999) pointed out that 1inch’s wallet purchased a total of 17k ETH, worth 26.8 million, at an average price of $1,569 on three occasions – January 13, February 9, and March 14.
- It then sold 11k ETH, roughly amounting to $21 million, when the price of the largest altcoin surged to $1,906 on July 5 and made a profit of $3.7 million in the process.
- Currently, the wallet in question holds more than $80 million worth of crypto-assets such as USDT, UNI, USDC, DAI, etc., in addition to Ether.
- The move comes just a month after completing its dollar-cost averaging (DCA) transactions during the initial months of 2023.
- Ether, on the other hand, has been on a bearish streak since the second week of July. The recent market dump further extended the altcoin’s downside, which has prompted considerable accumulation among retail traders.
- According to a recent Glassnode alert, the retail investors – addresses holding at least 10 ETH – have been amassing the token at the current levels. As a result, this cohort just [reached](https://twitter.com/glassnodealerts/status/1695364274871242970) a 4-week high.
- In addition to retail accumulation, Ether’s whale activity has also spiked to its highest in 16 weeks.
- Santiment’s analysis found that addresses holding between 10 and 10,000 ETH surged to 355,000 even as the price struggles below $1,700.

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[Source link](https://cryptopotato.com/1inch-wallet-acquires-10-million-worth-of-eth-data/)