Pantera Capital Doubles Down on 1inch
Pantera Capital, a prominent venture capital firm, has once again shown its confidence in the 1inch Network. Just 7 hours ago, the firm further deposited 14.756 million 1INCH tokens, worth approximately $3.85 million, to Coinbase Prime.
This latest move adds to Pantera Capital's significant holdings in 1INCH. Here's a breakdown of their 1INCH journey:
Vesting Windfall: Between December 2, 2021, and July 22, 2023, Pantera Capital received a total of 104.6 million 1INCH tokens from the 1inch vesting contract at an average price of $1.286.
Coinbase Prime Accumulation: Since July 24, 2024, the firm has strategically deposited 64.26 million 1INCH to Coinbase Prime at an average price of $0.302, totaling $19.4 million.
Remaining Holdings: Pantera Capital still maintains a substantial position of 40.34 million 1INCH tokens, valued at approximately $10.5 million, spread across two addresses:
Address 1: 0xce451daf732bd439757c7202372812f77cff9a79
Address 2: 0x8dad53cbd205fc71982739905fdcb565b0ebdba3
Pantera Capital's continued investment in 1INCH highlights the firm's belief in the long-term potential of the decentralized exchange aggregator.
As 1INCH continues to gain traction and expand its offerings, Pantera Capital's strategic moves could further solidify its position in the DeFi landscape.
