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This DeFi Trader Got $27.5 Million in 1INCH Token Airdrop

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4 years ago

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This DeFi Trader Got $27.5 Million in 1INCH Token Airdrop
1Inch Exchange

As all of you know that on 25th Dec 1INCH released its governance and utility token. As a part of the launch, the platform airdropped almost 90 million 1INCH tokens to the eligible users who previously traded on the exchange.

In order to qualify for the airdrop, a trader must have completed a transaction on the platform before September 15th 2020. Also, the trader who traded at least $20 in total in four trades before Dec 24th were eligible.

According to the data from Dune Analytics, a total of 26,174 wallets have claimed 1INCH token till now. The total value of 1INCH claimed till now is 67,172,592 worth $1INCH and also 75% of $1INCH airdrop has been claimed.

Also according to this on-chain analytics provider, the DeFi trader with the highest recipient of free 1INCH token airdrop received almost 9,749,686.003 worth $27.5 million at the peak price of $2.8 1INCH per token.

After the 1INCH token goes live, Binance announces listing it and then the price skyrockets from $0.20 to $2.60 within hours.

At press time the price of 1INCH token is $1.72 USD as per CoinMarketCap and the price is down by -34.94% from the last 24 hrs. The market cap and 24 h trading volume for 1INCH are $44,718,914 USD and $389,233,204 USD respectively.

The circulating supply and total Supply of 1INCH token are 25,972,246 1INCH and 1,500,000,000 1INCH respectively.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.