Ramazan Eles 
A notable development has occurred in the cryptocurrency world. Pantera has conducted a suspicious large Altcoin transfer transaction involving an altcoin according to onchain data. This move has caused significant buzz in the crypto community and led to various speculations among investors. Stay tuned for more information and detailed analysis on Pantera’s transfer!
Pantera Capital Executes Major Transfer to Coinbase: $3.52 Million Worth of 1INCH Tokens Moved
Cryptocurrency investment firm Pantera Capital has recently conducted a notable transaction, according to on-chain data. The company transferred 12.95 million 1inch Network (1INCH) tokens, valued at $3.52 million, to Coinbase.
Pantera Capital’s 1INCH Investments and Transfer Details
Pantera Capital was one of the early investors in 1inch Network between 2021 and 2023. During this period, token developers locked 104.6 million 1INCH tokens with the firm. The recent transfer to Coinbase, which began on July 24, coincided with a significant drop in the token’s price.
Over the past 17 days, Pantera Capital has moved a total of 34.91 million 1INCH tokens to Coinbase at an average price of $0.338 each, amounting to a total value of $11.8 million. The firm still holds 69.69 million 1INCH Altcoin tokens, valued at $19 million.
Price Decline in Tokens
As of the writing of this article, the price of 1INCH tokens stands at $0.2709. Prior to the transfer, the token price was around $0.40. This price decline mirrors the broader downtrend in the cryptocurrency market.
Note: This information is not investment advice.