$1INCH - Is Smart Wallet 0xc377 exploiting the price difference between exchanges? 🤔

Data from iCrpto shows that the buying volume of $1INCH by a Smart Dex Trader has surged dramatically in the past 12 hours.

This volume was created by a single Smart Dex Trader buying 2.76M 1INCH ($1.22M) and depositing it onto #Binance

However, this wallet frequently has direct OTC trading activity with 1Inch's Project wallet (Gnosis Safe Proxy), so it could also be a wallet providing liquidity for the 1INCH project.

What do you guys think?

#DataFi #icrypto