On-chain data shows that 1INCH token holders distributed tokens as the price dropped by 15%.
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According to CoinWorld, on-chain data shows that on Tuesday, a whale holding a large amount of 1INCH tokens sold approximately 36.36 million tokens, worth about $5 million, through the CoW protocol. This sale accounted for about 2.6% of the circulating supply and 8% of the day's trading volume, and was accompanied by a sharp drop in the token price by 15% to 17% that day, falling to around $0.115 to $0.118, further exacerbating the already fragile market liquidity pressure.
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