1inch Team Withdraws 20 Million 1INCH Tokens from Binance
According to @EmberCN, the 1inch team has recently withdrawn 20 million 1INCH tokens (worth $1.86 million) from Binance back to on-chain. Previously, they transferred 5 million USDC into Binance in November last year, and over the past three months, they have steadily withdrawn a total of 58.66 million 1INCH tokens (worth $5.53 million) back to on-chain.
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In a surprising move amid the often volatile cryptocurrency landscape, the 1inch team investment fund has demonstrated ongoing activity by withdrawing 20 million 1INCH tokens, valued at approximately $1.86 million, from Binance back to the blockchain just two hours ago, according to crypto analyst @EmberCN on Twitter. This action highlights that not all altcoin projects are simply "lying flat" or giving up, as the tweet humorously notes. The fund initially deposited 5 million USDC into Binance in November last year, and over the past three months, it has cumulatively withdrawn 58.66 million 1INCH tokens worth about $5.53 million. This pattern suggests a strategic repositioning of assets, potentially signaling confidence in the project's future or preparations for liquidity events.
Analyzing 1INCH Token Movements and Trading Implications
From a trading perspective, these withdrawals could influence 1INCH's market dynamics significantly. The implied price from the recent withdrawal pegs 1INCH at around $0.093 per token, based on the $1.86 million valuation for 20 million tokens as reported on February 6, 2026. Over the three-month period, the average price appears stable at approximately $0.094 per token for the larger 58.66 million batch. Traders should monitor on-chain metrics closely, as such large transfers from centralized exchanges like Binance to on-chain wallets often precede increased decentralized exchange activity or token burns, which could bolster price support levels. Without real-time data, it's essential to consider historical patterns where similar team movements have correlated with bullish sentiment, potentially driving trading volumes higher in pairs like 1INCH/USDT and 1INCH/BTC.
Integrating this into broader market context, 1inch operates as a decentralized exchange aggregator, optimizing trades across multiple platforms for better rates. This withdrawal might indicate the team's intent to enhance protocol liquidity or fund development initiatives, especially in a market where DeFi tokens have faced pressure from regulatory scrutiny and macroeconomic factors. For crypto traders, this presents opportunities to watch for resistance levels; if 1INCH approaches $0.10, it could signal a breakout, particularly if Bitcoin maintains stability above $40,000. Conversely, a dip below $0.09 might test support, prompting short-term selling pressure. Institutional flows into DeFi could amplify this, as seen in past cycles where team activity boosted investor confidence.
Potential Trading Strategies for 1INCH in Current Crypto Market
Developing a trading strategy around this news involves focusing on key indicators. Traders might look at 24-hour trading volumes on major exchanges; elevated volumes post-withdrawal could indicate growing interest, potentially leading to a 5-10% price surge if correlated with positive on-chain data like increased wallet activity. Pairing this with Ethereum's performance is crucial, given 1inch's reliance on ETH for gas fees and liquidity. For instance, if ETH surges, 1INCH often follows with amplified gains due to its DeFi utility. Risk management is key—set stop-losses at recent lows around $0.085 to mitigate downside, while targeting profits at resistance points like $0.105. Long-term holders might view this as a buy signal, accumulating during dips for potential rallies driven by team-driven updates.
Overall, this development underscores resilience in the altcoin space, encouraging traders to stay vigilant. By analyzing these token movements alongside market sentiment, investors can identify cross-market opportunities, such as hedging with stablecoins or diversifying into related DeFi tokens. As the crypto market evolves, such insights from on-chain analytics provide a edge in navigating volatility and capitalizing on emerging trends.
余烬
@EmberCNAnalyst about On-chain Analysis