1inch’s Investment Fund has been actively acquiring major cryptocurrencies, purchasing a total of $25.44 million in assets over the past 20 hours. This aggressive move includes a substantial buy of 7,289 Ethereum ($ETH), valued at approximately $20.43 million, and 52.072 Wrapped Bitcoin ($WBTC), amounting to $5 million. The strategic purchases come as part of the fund’s continued bullish outlook on these digital assets, despite ongoing market fluctuations.
1inch’s Investment Fund bought 7,289 $ETH ($10.44M) and 52.072 $WBTC ($5M) in the past hour!
Over the past 20 hours, the fund has spent a total of $25.44M to buy:
• 7,289 $ETH at an average price of $2,804;
• 52.07 $WBTC at an average price of $96,021.The 1inch team is a… pic.twitter.com/IhyH76reJA
— Spot On Chain (@spotonchain) February 3, 2025
According to Spot On Chain,The 1inch Investment Fund made its purchases in two major transactions. The fund acquired 7,289 $ETH at an average price of $2,804 per token, totaling $20.43 million. Ethereum, being one of the largest cryptocurrencies by market capitalization, has consistently demonstrated strong market performance, making it a key asset for 1inch’s investment strategy.
Alongside Ethereum, the fund also bought 52.072 $WBTC at an average price of $96,021, valued at $5 million. Wrapped Bitcoin is a crucial token that allows Bitcoin (BTC) to be used on the Ethereum blockchain, increasing its utility in decentralized finance (DeFi) and providing liquidity in decentralized exchanges. The acquisition of $WBTC reflects the 1inch Fund’s diversified strategy, positioning itself in both Ethereum-based tokens and assets linked to Bitcoin.
1inch’s Confidence, Strategy, and Crypto Bet Outlook
The fund’s decision to allocate such a significant amount of capital in a short period speaks volumes about its confidence in the market’s long-term prospects. Over the past 24 hours, the crypto market has shown signs of volatility, but 1inch’s team continues to demonstrate its acumen in navigating the market’s ups and downs. The team has historically profited from their strategic positions in assets such as Ethereum, Uniswap ($UNI), and their proprietary token, $1INCH.
The market has seen fluctuating trends, as evidenced by the charts showing unrealized losses on the most recent purchases, particularly for Ethereum. As of the latest data, 1inch is sitting on an unrealized loss of $1.655 million on its Ethereum acquisition, although the outlook remains positive. Similarly, their $WBTC purchase is currently showing a minor unrealized loss of around $24.55K. While these short-term fluctuations are evident, the fund remains focused on long-term growth, positioning itself for future gains.
1inch’s approach to buying such significant amounts of Ethereum and Wrapped Bitcoin highlights the team’s adeptness at timing the market. The purchase of $WBTC, for example, comes at a critical moment in the ongoing debate over Bitcoin’s integration into the DeFi space. Additionally, their Ethereum buy occurs during a period of market consolidation, suggesting the fund is taking advantage of lower prices to secure a more substantial position.
With the market volatility in play, the next few days will be crucial in determining whether 1inch’s latest investments will yield returns. Traders and investors will be watching closely to see if the price of $ETH and $WBTC will recover in the short term, especially with the unrealized losses still in play. However, considering the market’s historical resilience, many believe the 1inch Investment Fund’s strategy will ultimately pay off in the long term.
