LookOnchain analysts have noticed that the DeFi investment fund affiliated wallet 1inch spent ~$10 million to purchase 6,088 ETH on January 13, 2021; at an average price of $1,655 per ETH.
Further acquisitions by the fund on February 9 and March 14 brought 17,076 ETH into the wallet, costing ~$26 million.
A sale on July 5 of 11,000 ETH at an average price of $1,906 generated a profit of ~$3.7 million for the wallet.
Currently, the wallet owns 9,453 ETH valued at $15 million, bringing total digital assets owned to ~$80 million.
Previously, the parent company of the content subscription service OnlyFans invested $19.9 million in Ethereum in 2021–2022.
