PANews reported on January 28th that 1inch issued a clarification statement regarding yesterday's market fluctuations. 1inch stated that no wallets controlled by its entities or teams, nor multi-signature accounts in its vaults, sold any 1INCH tokens. 1inch does not control tokens held by third parties or their trading decisions. Furthermore, 1inch Network plans to review its token economic model this year to further enhance its resilience during market downturns and periods of insufficient liquidity.

Yesterday , according to Lookonchain monitoring, three 1INCH investor wallets sold a total of 36,360,000 1INCH, cashing out approximately $5.04 million, causing the price of 1INCH to drop by 16.7%.