Why Did 1inch (1INCH) Price Rise? - 04.09.2024

1inch is a platform that compares the best prices across decentralized exchanges (DEXs) to provide its users with the best trading opportunities. The platform provides a one-stop shop for prices across different exchanges, allowing users to choose the most favorable rates. The 1INCH token is used as the platform's governance tool; token holders can vote on the platform's development and governance decisions and receive various rewards.

Up 3.59% in the last 24 hours and at the time of writing, 1INCH is among the day's risers. The 1inch (1INCH) team attracted attention by buying again on September 3. According to the data, the team bought 7.96 million 1INCH shares worth $1.75 million at $0.22. This stands out as part of the team's recent purchases. It has also bought 22.4 million 1INCH tokens worth a total of $5.49 million since July 5. The purchases may have positively affected the price.