1INCH was the second most traded DeFi projects on the BNB chain in the last 24 hours. Market indicators and on-chain metrics were bearish and initiated the price decline. 1inch Network [1INCH] announced an update for its RabbitHole on 23 February. For the uninitiated, RabbitHole is a custom RPC feature that protects Metamask users from […]
, 1INCH’s price declined by 2% in the last 24 hours, and at the time of writing, it was trading at $0.6175 with a market capitalization of over $489 million. Not only the price but 1INCH’s volume also registered a decline of nearly 40% during the last day.revealed that 1INCH’s exchange reserve was increasing, which indicated high selling pressure.
The number of active addresses on 1INCH has also decreased, indicating fewer network users. The development activity of 1INCH has decreased over the last seven days, which is also a negative signal for a blockchain because it represented less effort by developers to improve the network.’s total supply held by top addresses went up slightly.
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