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    Pantera Capital Dumps 1INCH on Coinbase, Boosts ONDO Holdings

    Latest News

    • Pantera Capital deposits $3.52M in 1INCH tokens to Coinbase amid worth decline since July 24.  
    • Pantera holds $223.647M in crypto, with ONDO making up 15.89% of its portfolio.  
    • Pantera’s 1INCH deposits complete 34.91M tokens, valued at $11.8M, throughout a market downtrend.  

    Pantera Capital has not too long ago executed important transactions involving the cryptocurrency 1INCH. In accordance with knowledge from the blockchain analytics platform, Spot On Chain, Pantera Capital deposited a complete of 12.95 million 1INCH tokens, valued at roughly $3.52 million, into Coinbase Prime simply seven hours in the past. This newest transaction is a part of a broader technique that noticed the agency start transferring 1INCH tokens to Coinbase beginning July 24, because the token’s worth confirmed indicators of decline.

    From 2021 to 2023, Pantera Capital was an energetic investor in 1INCH, vesting a considerable 104.6 million tokens. The latest knowledge signifies that since July 24, Pantera has deposited a cumulative complete of 34.91 million 1INCH tokens, price round $11.8 million, to the centralized alternate (CEX) at a mean worth of roughly $0.338 every.

    This collection of deposits coincides with a noticeable downtrend within the token’s market worth, which dipped from about $0.40 to simply beneath $0.35, although with a minor restoration towards the top of the noticed interval.

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    A preview of Pantera Capital’s present cryptocurrency holdings shows a diversified asset distribution totaling $223.647 million. The most important share of the portfolio is held in ONDO tokens, which symbolize 15.89% of the full steadiness, equal to about $35.513 million.

    Supply: Spot On Chain

    Pantera’s method highlights a big reliance on ONDO, possible as a consequence of its promising return potential or strategic match with the agency’s broader funding philosophy.

    Moreover ONDO, which is at present buying and selling at $0.7615 with a worth decline of  -0.22% within the final 24 hours and -4.05% previously 7 days, Pantera holds drastic investments in different crypto property, together with 1INCH, with 69.694 million tokens valued at $19.036 million, and ARB tokens, numbering 29.769 million and valued at $16.887 million.

    Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version isn’t answerable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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