- Pantera Capital has deposited $3.52 million in 1INCH tokens on Coinbase in a worth drop since July twenty fourth.
- Pantera holds $223.647 million in cryptocurrencies, with ONDO making up 15.89% of its portfolio.
- Pantera's 1INCH deposits a complete of 34.91 million tokens price $11.8 million in the course of the downtrend of the market.
Pantera Capital has lately made vital transactions involving the 1INCH cryptocurrency. In line with information from blockchain analytics platform Spot On Chain, Pantera Capital deposited a complete of 12.95 million 1INCH tokens on Coinbase Prime simply seven hours in the past, price roughly $3.52 million. This newest transaction is a part of a broader technique that has seen the agency start transferring 1INCH tokens to Coinbase since July 24 because the token's worth confirmed indicators of falling.
From 2021 to 2023, Pantera Capital was an energetic investor in 1INCH, placing in a considerable 104.6 million tokens. Latest information signifies that as of July 24, Pantera has deposited a cumulative complete of 34.91 million 1INCH tokens on the centralized trade (CEX), valued at roughly $11.8 million, at a mean worth of roughly $0.338 every.
This sequence of deposits coincides with a noticeable downward development available in the market worth of the token, which fell from round $0.40 to simply below $0.35, albeit with a minor restoration in direction of the tip of the interval below evaluate.
A take a look at Pantera Capital's present cryptocurrency holdings exhibits a diversified asset allocation totaling $223.647 million. The most important share of the portfolio is held in ONDO tokens, representing 15.89% of the entire steadiness, which is equal to roughly $35.513 million.
Supply: Place On the chain
Pantera's method highlights a big reliance on ONDO, probably as a consequence of its promising return potential or strategic alignment with the corporate's broader funding philosophy.
Aside from ONDO, which is at the moment buying and selling at $0.7615 with a worth lower of -0.22% within the final 24 hours and -4.05% within the final 7 days, Pantera holds drastic investments in different crypto belongings, together with 1INCH, with 69,694 million tokens price $19.036 million and ARB tokens price 29.769 million price $16.887 million.
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