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1inch Investment Fund has purchased 6,088 ETH for $10 million, taking advantage of the Ethereum price dip.

In a transaction that has piqued market analysts' interest, the 1inch Investment Fund's wallet recently secured 6,088 Ethereum (ETH), valued at approximately $10 million. This acquisition was detected by Lookonchain, a blockchain analysis platform, and has led to increased scrutiny of the wallet's activities and potential impact on the broader cryptocurrency market.

The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio.

DEX aggregator 1Inch withdrew over $40 million worth of cryptocurrencies from its investment fund and purchased $10 million worth of Ethereum during the early hours of Aug. 28 at an average price of $1650, according to Etherscan data. A breakdown of the withdrawals showed that the DeFi platform withdrew 41.

If you are an avid crypto investor, you will want to mark your calendar for this week. According to Token Unlocks, a slew of tokens, including AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR and ACA are set for a massive unlock.

The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets.

The 1inch investment fund wallet made a noteworthy investment of $10 million, acquiring 6,088 units of Ethereum (ETH) at a price of $1,655.

Token Unlocks has revealed that a substantial unlocking event is set to take place this week.

The expansion to this new Coinbase-incubated blockchain is set to offer 1inch users access to deeper liquidity, lower transaction costs and higher speeds.

In a monumental and visionary step that has the potential to reshape the decentralized trading realm, the highly respected exchange aggregator, 1inch, and Coinbase's revolutionary Ethereum Layer 2 network, Base, have united in a strategic partnership. This landmark collaboration is poised to propel the trading experience across a spectrum of decentralized exchanges into a new era of efficiency and user-friendliness.

Base currently has over $191 million in TVL.

1inch network announced that its limit order protocol has been deployed on a Coinbase-backed Base with direct access to several DeFi projects like Uniswap V3, and Balancer V2, among others.

1inch Network has announced its expansion to Base, a Layer-2 Ethereum scaling solution incubated by renowned crypto exchange Coinbase. This strategic move aims to offer 1inch users access to deeper liquidity, lower transaction costs, and higher speeds, further enriching their trading experience.

In a major move that promises to reshape the decentralized finance (DeFi) landscape, 1inch Network has announced its strategic expansion on Base, the Layer-2 scalability solution for Ethereum developed by Coinbase, the popular cryptocurrency exchange.

Decentralized exchange (DEX) aggregator 1inch Network has announced the expansion of its operations to Coinbase's Ethereum layer 2 (L2) network, Base. 1inch's Aggregation And Limit Order Protocols Go Live On Base In a blog post published on Thursday, August 24, 1inch disclosed the deployment of its aggregation protocol and limit order protocol on the Coinbase-incubated Base network.

Base has reportedly surpassed more than 100,000 daily active users less than a month after its launch. This confirms that it is already on a robust growth trajectory

1inch Network is integrating its decentralized exchange (DEX) aggregation protocol on Ethereum's layer-2 solution, Base

1inch Network has deployed its 1inch Aggregation Protocol and 1inch Limit Order Protocol to the Layer 2 Ethereum scaling solution Base.

The decentralized exchange aggregator 1inch joins Uniswap and Sushiswap on Coinbase-incubated Base blockchain.

1inch has reportedly integrated with Klaytn's Kaikas wallet. Under this partnership, the 1inch Swap API will “power token swaps in Kaikas, a versatile wallet ensuring interaction with the Klaytn ecosystem.

Pantera Capital has recently issued a staggering 24.12 million 1INCH tokens, as reported by Spot On Chain.

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $30,000 level on Wednesday. Ethereum (CRYPTO: ETH), meanwhile, edged higher, trading above the key $1,900 mark this morning.

The software will enable the blockchain world to more easily and efficiently build upcoming decentralized products by taking advantage of 1Inch's API.

The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.