On August 28, a crypto wallet associated with 1inch Investment Fund, “0x225d3822de44e58ee935440e0c0b829c4232086e”, bought 6,088 Ether (ETH) at $1,655 spending $10 million on the trade, data from Lookonchain, a blockchain analysis platform, shows.

The fund is linked with 1inch Network, the decentralized exchange (DEX) aggregating protocol that is also one of the largest platforms by total value locked (TVL).

Big Players Buying ETH But Prices Under Pressure

1inch Investment fund has not laid down the reason behind their decision to buy Ethereum when prices generally appear depressed following losses roughly ten days ago. On August 17, ETH, like Bitcoin and the broader crypto market, dropped.

ETH lost roughly 15%, pulling back from around $1,800, and is yet to retest those levels …