The 1inch team's investment fund is suspected of conducting a loss-cutting operation, selling approximately $4.34 million worth of WBTC and ETH

According to @EmberCN's monitoring, the 1inch team's investment fund sold 37.9 WBTC at a price of $86,578 (about $3.28 million) and 511 ETH at a price of $2,072 (about $1.05 million) within the past hour, presumably carrying out loss-cutting operations.

On-chain data shows that from February 2nd to March 10th, this fund had purchased WBTC, ETH and 1INCH for a total of $44.22 million USD which includes:

Purchasing 11,198 ETH at an average price of $2,577 (approximately $28.85 million);

Buying 160.8 WBTC at an average price of $88,395 (approximately $14.21 million);

Acquiring 4.7 million pieces of 1INCH at an average price of $.245 each(approximately$1.15million). Currently all these positions are in floating loss status.