- Lookonchain reported that the 1inch Investment Fund made a large profit trading UNI over the past few days.
- On November 17, 1inch bought 420,828 UNI at $5.06 but sold these tokens today for $6.29 per token.
- UNI saw its price dip by 0.36% over the past 24 hours, which left it trading at $6.18 at press time.
The on-chain analysis platform, Lookonchain, shared in an X post today that the 1inch Investment Fund secured a $516,000 profit from trading Uniswap (UNI) over the past few days.
According to an earlier post by the platform, last February, 1inch spent 2 million USDC to purchase 299,848 UNI tokens at a price of $6.67 per token. By November 17, the 1inch Investment Foundation sold 416,924 UNI for 2.13 million USDC, when UNI was valued at around $5.11 per token. 1inch then spent the 2.13 million USDC to buy 420,828 UNI back at a price of $5.06 per token.
Today, Lookonchain disclosed that the 1inch Investment Foundation sold all 420,828 UNI tokens a few hours ago. The tokens were sold for 2.65 million USDC at a rate of $6.29 per token. As a result, the transaction generated a profit of approximately $516,000.
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