1INCH Surges 30% to $0.20 After $5M USDC Influx on Binance
On November 6, the 1inch team’s investment fund moved $5 million USDC to Binance. This stablecoin injection propelled the 1INCH token from $0.152 to a peak of $0.196—over a 29% surge within eight hours, briefly topping $0.20. It’s the fund’s third intervention, following previous buy-low, sell-high moves at $0.24/$0.53 and $0.25/$0.28. The influx boosted trading volume and short-term bullish momentum for 1INCH. However, historical profit-taking patterns may lead to sharp corrections. Traders should watch for follow-on orders, rebalancing moves, and broader market trends to manage risk.
Bullish
The $5M USDC inflow marked the third intervention by the 1inch team, immediately lifting 1INCH by over 29% and driving higher trading volume. This stablecoin injection demonstrates clear buying pressure and supports short-term bullish momentum for 1INCH. Yet, prior interventions ended with significant profit-taking, so traders should anticipate possible pullbacks and increased volatility after the rally.