A crypto wallet belonging to the 1inch Investment Fund recently bought 6,088 ETH at the price of $1,655, spending over $10 million on the purchase. This comes after the company cashed out and profited from its earlier moves on the ETH asset, spending around $26 million in total on three instances in January, February and March. When the price of Ether went up to $1,906 on July 5, the wallet sold around 11,000 ETH for a total of $21 million, resulting in a profit of $3.7 million from the Ether trades alone.Meanwhile, Fenix International, the parent company of subscription platform OnlyFans, bought $20 million in ETH back in 2022. However, by the end of November 2022, the investment was only worth around $8.5 million.On Aug. 18, a crypto whale dumped $41 million in ETH days before the recent market crash. The trader suffered around $1.7 million in losses but managed to avoid a potential $5 million loss.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Fenix International, Sam Bankman-Fried
Companies	OnlyFans, Fenix International, Binance, Lookonchain, 1inch Investment Fund
Currencies	ethereum, eth, btc, usd, bitcoin
Securities