In this altcoin, developers have been selling heavily from their own tokens for three days in a row!

According to onchain data, the development team of a cryptocurrency seems to be selling their own altcoin for three consecutive days.

According to the data, sales from the 1inch (1INCH) developer wallets have continued for the third consecutive day. In the sales that started two days ago, a total of 5.2 million 1INCH tokens were sold for 2.8 million dollars on the first day. With the sales made today, the total amount of cryptocurrency sold by the developer team has reached 15.69 million 1INCH, which is equivalent to 8.38 million dollars at the current exchange rate.

The developer team recorded an average selling price of 0.533 dollars for their tokens. At the time of writing this article, 1INCH is trading at 0.534 dollars. The price of the token, which rose to 0.57 dollars during the day, showed a sharp decline with the revelation that developers made sales.

On the other hand, developers seem to have strategically planned their sales. The 1INCH token has experienced a surge of over 100% in the past month and has exhibited a similar price movement to other altcoins. However, the token is still trading at a level that is 93% lower than the all-time high price of 7.87 dollars.