1inch Foundation’s $1.69M Binance Deposit Triggers Market Drop
The cryptocurrency market saw a sharp downturn after the 1inch Foundation’s Multisig wallet deposited 3.2 million 1INCH tokens, valued at approximately $1.69 million, into Binance. This significant transaction coincided with a steep decline in the price of 1INCH, raising concerns about potential market manipulation or a sell-off by major holders. Before the market plummeted, #1inch…