1inch Team Denies Official Sell-off of Token Yesterday Leading to Price Drop, Plans to Review Tokenomics Later This Year

BlockBeats News, January 28th, 1inch official announcement: Yesterday, no 1INCH tokens were sold from wallets controlled by 1inch entities or the team, and the official team does not control third-party holdings or their trading decisions. Furthermore, 1inch Network plans to review various aspects of the tokenomics this year to further strengthen resilience during market downturns and periods of low liquidity.

Yesterday's report: Three 1INCH investor addresses sold 36.36 million 1INCH tokens ($5.04 million), causing a 16.7% price drop for 1INCH.