1inch Officially Addresses Token Dump Rumors
Recently, the decentralized exchange platform 1inch released an official statement addressing rumors of unusual token sales. The team clearly stated that neither core team members, associated entities, nor the treasury multisig accounts have sold any 1INCH tokens.
The team emphasized that 1inch does not control third-party holders or their transaction decisions. Therefore, any significant token sales observed recently were not initiated by official channels.
Investor Selling Triggers Market Fluctuation
According to data from on-chain analytics firm Lookonchain, on January 27, three investor wallet addresses dumped a total of 36.36 million 1INCH tokens, worth approximately $5.04 million. This large-scale sale directly caused a 16.7% price drop.
Plans to Review Tokenomics
Although this selling activity did not originate from the team, 1inch announced plans to review its tokenomic model this year. The goal is to strengthen the resilience of the token economy during market downturns and periods of low liquidity.
This move is seen as 1inch’s proactive response to the current market environment, indicating a growing focus on the long-term interests of token holders.