Correction: The actual amount of ETH sold by the 1inch team is about 11,000, and the received DAI has been exchanged for the interest-bearing token CHAI.

According to DeBank data on July 6th, an address starting with 0x225d and labeled as "1inch: Investment Fund" removed two Uniswap V3 LP transactions about 5 hours ago, receiving approximately 11,000 ETH. Afterwards, the ETH was converted to WETH and exchanged for DAI in several transactions. As of 3 hours before the article was published, the exchange activity has stopped and it was verified by BlockBeats that about 11,000 ETH was actually sold. Currently, the address only holds 238 ETH. In addition, all the DAI exchanged by the address was further exchanged for CHAI, the interest-bearing token previously launched by MakerDAO, and the address currently holds approximately 26.78 million CHAI.