Giant Altcoin Whale Sends 2 Million 1INCH to Binance

According to information obtained from on-chain data, an altcoin whale made a large transfer to the cryptocurrency exchange Binance. The whale in question recently sent 2 million 1inch Network (1INCH) tokens to Binance.

It is also observed that the same whale sent 2 million tokens to Binance in August 2022. At the time of the transfer in August, the 1INCH price was at $ 0.75. At the time of this writing, 1INCH price is trading at $0.54.

However, after the emergence of the whale movement, a slight decrease was observed in the price of the 1INCH altcoin. When the wallet of the whale address in question is examined, it is observed that at the time of this writing, it still holds approximately 6 million 1INCH tokens. Other altcoins in the whale wallet include $10 million CoinLoan (CLT), $8 million Graph Token (GRT), $2 million Chainlink (LINK), $350,000 Wrapped Bitcoin (wBTC).

1inch Network was founded by Sergej Kunz and Anton Bukov during the ETHGlobal New York hackathon in May 2019. The two had previously met on Kunz’s YouTube channel (CryptoManiacs) livestream and won a prize by entering hackathons together. Prior to 1inch, Sergej Kunz worked as a senior developer at product price aggregator Commerce Connector, wrote code at communications agency Herzog, managed projects under Mimacom consulting, and then worked full-time at Porsche in both DevOps and cybersecurity. Anton Bukov has worked in software development since 2002 and in decentralized finance (DeFi) since 2017. His resume includes gDAI.io and NEAR Protocol, among other projects.