Recently, the 1inch Foundation has launched a large-scale Token buyback plan again. According to on-chain data, in the past 5 hours, the foundation has invested 1,757,000 USDC to purchase 9,652,000 1INCH Tokens at a price of $0.18 each.

This is not the first time the 1inch Foundation has conducted a buyback of this scale. Since February of this year, the foundation has invested a total of 4.001 million USDC, repurchasing 19.85 million 1INCH Tokens at an average price of 0.2 USD.

Looking back at last year's operations, the 1inch Foundation invested 5.5 million USDC from July to September 2022 to purchase 22.45 million 1INCH at an average price of $0.245. Subsequently, at the end of the year, they sold 15.698 million 1INCH at an average price of $0.533, realizing a profit of approximately $4.52 million.

This series of buyback and trading operations has drawn the market's attention. Analysts believe that this may reflect the 1inch team's confidence in the future development of the project, and it may also be a strategic move to stabilize Token prices and support the ecosystem.

However, some viewpoints point out that frequent large transactions may cause short-term fluctuations in the market. When investors pay attention to such news, they need to comprehensively consider the long-term development prospects of the project and the overall market environment.

It is worth noting that these transactions all occurred at a specific address. Although the operations of the foundation are relatively transparent, investors should remain cautious, think independently, and not regard these actions as investment advice.