1INCH (1inch) 24-hour increase of 11.47%

Gate News Bot Message, February 02, According to CoinMarketCap data, at the time of press, 1INCH (1inch) is trading at $0.12, up 11.47% in the past 24 hours, reaching a high of $0.14 and a low of $0.10. The 24-hour trading volume is $68.3 million. The current market cap is approximately $164 million, an increase of $16.9 million from yesterday.

1inch is a DEX aggregator and DeFi trading platform, evolving from the first DEX aggregator into a comprehensive ecosystem supporting intent-based cross-chain transactions. The platform has completed over $752 million in trading volume, attracted 219 million transactions, and connected over 25 million wallets. 1inch offers cross-network asset transfer without bridges across more than 13 networks, integrating products such as Swap, Portfolio, Wallet, and Card. It also provides security features like MEV protection, wallet scanning, and risk scoring to ensure cutting-edge operational security and asset safety for users.

Recent Important News about 1INCH:

1️⃣ Team and Treasury Clarify Rumors of Token Sale, Market Confidence Gradually Restores

The official 1inch team clarified recent market fluctuations, stating that wallets controlled by the entity, team, and multi-signature accounts associated with the treasury have not sold any 1INCH tokens. This effectively alleviated concerns about large-scale official sell-offs and positively impacted investor confidence. Following the clarification, 1INCH’s price rebounded from lows to $0.12, recording an 11.47% 24-hour increase, reflecting positive market response to the official statement.

2️⃣ Tokenomics Review Plan Enhances Long-term Resilience Expectations

1inch announced it will review its tokenomics model this year to further strengthen resilience during market downturns and liquidity shortages. This proactive measure indicates the project team is actively optimizing incentive mechanisms and token distribution structures, aiming to improve long-term token value support and ecosystem stability, providing investors with institutional reform expectations.

3️⃣ Investor Position Adjustments Release Liquidity, Price Fluctuations Gradually Absorbed

Recently, multiple 1inch investor wallets have transferred and disposed of tokens, involving on-chain activity worth tens of millions of tokens. Although these position adjustments caused short-term price fluctuations, the market has now gradually absorbed such liquidity releases, maintaining prices within a reasonable range. The ongoing adjustments by investors suggest the market is entering a natural supply-demand balance process, and the rebound in 1inch’s price indicates fundamental support and market bottom consensus formation.

This message is not investment advice. Investors should be aware of market volatility risks.