CoinGape
CoinPedia
CoinDoo
The post 1Inch Token Balance on Centralized Exchanges Surges to $65M appeared first on Coinpedia Fintech News
The balance of 1INCH tokens held in wallets tied to centralized exchanges has surged by 50% in three days, according to data from Glassnode. The boost in exchange balance suggests that investors are moving coins to exchanges when intending to sell or deploy coins as a margin for trading derivatives. This is widely considered a precursor to price volatility. 1INCH fell by 10% to 36 cents on Tuesday, registering its biggest single-day drop since June 10. The decline has been attributed to profit-taking by a whale, according to Prithvir Jhaveri, co-founder and CEO of Loch Research.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks
