😱🚨The company has released a statement regarding the altcoin, which dropped by 20% in one week: "No tokens were sold."
Recent declines in 1inch, a veteran of the crypto world, have alarmed investors, prompting a statement from the company.
The statement from 1inch clarified that no sales were made in any of the wallets controlled by the company, and that interference with third-party wallets was impossible.
The company stated that there were no changes to its goals, summarizing as follows:
“Our mission and vision remain unchanged. Exchange volume on the protocol has exceeded $800 billion since 2019. We continue to remain strong even during bear seasons. We would also like to inform our community that this year we will be reviewing our token economy and creating a more resilient system. 1inch is a cornerstone of the DeFi ecosystem.”
The $1INCH 1inch token, which surpassed $8 during the 2021 bull market, has now fallen to an all-time low of $0.11.