- Pantera Capital has deposited $3.52 million in 1INCH tokens into Coinbase amid a worth drop since July 24.
- Pantera holds $223,647,000 value of cryptocurrencies, with ONDO making up 15.89% of the portfolio.
- Amid the market downturn, Pantera’s 1INCH deposits totaled 34.91 million tokens, valued at $11.8 million.
Pantera Capital lately carried out a major transaction involving the cryptocurrency 1INCH. In response to knowledge from blockchain analytics platform Spot On Chain, Pantera Capital deposited a complete of 12.95 million 1INCH tokens, value roughly $3.52 million, into Coinbase Prime simply seven hours in the past. This newest transaction is a part of a broader technique through which the agency started transferring 1INCH tokens to Coinbase on July 24 after the token worth confirmed indicators of declining.
From 2021 to 2023, Pantera Capital was an energetic investor in 1INCH, holding 104.6 million tokens. In response to the newest knowledge, since July 24, Pantera has deposited a cumulative 34.91 million 1INCH tokens, value roughly $11.8 million, into centralized exchanges (CEXs) at a median worth of roughly $0.338 per token.
This sequence of deposits coincided with a notable downward development within the token’s market worth, which dropped from round $0.40 to only under $0.35, earlier than recovering barely in the direction of the tip of the commentary interval.
A preview of Pantera Capital's present cryptocurrency holdings reveals a diversified asset allocation totaling $223,647,000.The biggest share of the portfolio is held in ONDO tokens, which make up 15.89% of the whole stability, equal to roughly $35,513,000.
sauce: Spot on Chain
Pantera's strategy highlights its heavy reliance on ONDO, seemingly because of its promising return potential and strategic match with the corporate's broader funding philosophy.
In addition to ONDO, which is at the moment buying and selling at $0.7615 with a worth drop of -0.22% up to now 24 hours and -4.05% up to now seven days, Pantera has additionally made daring investments in different crypto property comparable to 1INCH (69.694M tokens, value $19.036M) and ARB token (29.769M tokens, value $16.887M).
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