1inch Team Withdraws 6.01M 1INCH from Binance in 13 Hours
On November 23, on-chain analysis revealed that the 1inch Team Investment Fund withdrew 6.01 million 1INCH tokens from Binance over a 13-hour window at an average price of $0.1785 per token. The total value of this 1INCH withdrawal reached $1.072 million, boosting the fund’s on-chain holdings to $16.97 million. Despite this move, ETH remains the team’s largest holding at $26.6 million. This significant outflow suggests a portfolio rebalancing by the 1inch Team, potentially reducing exchange liquidity for 1INCH tokens. Traders should monitor exchange supply changes and fund allocation shifts, as they may influence short-term price volatility and longer-term tokenomics for 1INCH.
Neutral
This withdrawal appears to be a routine treasury rebalancing by the 1inch Team rather than a market sell-off. Moving 6.01 million 1INCH from Binance to self-custody reduces the available supply on exchanges, which can provide slight support for price, but does not signal immediate selling pressure. Similar past events—such as project teams consolidating tokens off-exchange—have often had minimal impact on short-term price movements. Traders should remain aware of potential liquidity shifts, but the action is more indicative of internal fund management than a directional market signal.