Denies Token Dump After $1INCH Hits Record Low
The 1inch team has denied selling 14 million $1INCH tokens after the asset crashed to a new all-time low on January 27. In an official statement, the team clarified that no tokens were sold from wallets linked to 1inch, its team members, or treasury multisig accounts.
The sell-off, worth around $1.83 million, triggered panic and pushed $1INCH down to $0.1127 before a brief rebound. After the clarification, the token showed mild recovery and is currently trading near $0.116.
On-chain data traced the transaction to a wallet that received tokens from a vesting unlock roughly a year ago, suggesting the sale came from a third party.
1inch also announced plans to review its tokenomics in 2026 to improve resilience during periods of low liquidity. Despite recent volatility, the team highlighted its long-term growth, with nearly $800 billion in total swap volume since 2019.
This content is for educational purposes only. Not financial advice.#1inch #FedWatch #VIRBNB #Write2Earn
