According to Odaily Planet Daily, on-chain analyst Ember's monitoring shows that the decentralized trading protocol 1inch team has once again massively increased its holdings of its native token 1INCH.

In the past hour or so, the team used 1.673 million USDT to purchase 6.694 million 1INCH.

Since July 5, the 1inch team has invested a total of 2.993 million USDT and purchased a total of 11.454 million 1INCH, with an average purchase price of US$0.26.