The long-running SEC-XRP lawsuit was concluded in favor of Ripple last week, and there were good rises in Bitcoin and altcoins, especially in XRP.
While the Ripple victory and the rise of XRP continued to be talked about, the decentralized exchange (DEX) 1inch Network's native token 1INCH caught the attention with its rise.
According to CoinMarketCap data, 1INCH, which has experienced a huge rise over the weekend and today, has experienced an 80% rise as of July 15.
At this point, 1INCH became the most bullish altcoin, with a 16% rise in the last 24 hours.
1INCH, which is based on the $ 0.60 limit with its rise, continues to trade at $ 0.4734 with its pullback.
Behind this rise was the increasing trade volume in the South Korean stock markets. 1INCH has seen a surge in trading volume on South Korea's largest cryptocurrency exchange, Upbit. Accordingly, 1INCH was among the top five altcoins with the most trading volume on Upbit.
While 1INCH has attracted the attention of investors with this rise, Lookonchain said that a 1INCH investor has invested 7 million 1INCH in Binance.
Accordingly, this investor deposited 7 million 1NCH worth $3.88 million on Binance right after the 1INCH price went up.
“Note that a 1INCH trader deposited $3.88 million worth of 7 million 1INCH on Binance right after the price went up.”
Note that a #1INCH investor deposited 7M #1INCH ($3.88M) into #Binance just now after the price of #1INCH rose.https://t.co/evi8W1swDw pic.twitter.com/WzlhogyO2q
— Lookonchain (@lookonchain) July 17, 2023
*Not investment advice.
