According to Odaily, on-chain analyst Yu Jin has reported that the 1inch team has spent $728,000 to purchase 2.91 million 1INCH tokens in the past five hours. Including their acquisition on July 5, the team has spent a total of $1.32 million over the past six weeks to buy 4.76 million 1INCH tokens at an average price of $0.277 per token. This marks the first time the 1inch team has repurchased 1INCH tokens, as they have previously been observed trading ETH with high success rates and selling 1INCH.