Pantera Capital Moves $3.55 Million in 1INCH to Coinbase Prime

IconCryptoNewsTerminal Staff20 Aug, 2024

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Pantera Capital Moves $3.55 Million in 1INCH to Coinbase Prime

Whale Alert tweeted on September 7, 2023, that an address associated with alleged crypto investment firm Pantera Capital deposited 13.65 million 1INCH tokens ($3.55 million) on Coinbase Prime two hours prior to the tweet.

The receiving address began accumulating 1INCH tokens on July 23, 2023, and has been gradually selling them since. So far, it has deposited 59.11 million 1INCH tokens ($17.87 million) on Coinbase Prime.

Currently, Pantera Capital manages over $1.5 billion in assets, with its main investment being Bitcoin. Its founder Dan Morehead recently claimed that Bitcoin would reach $500,000 by the end of 2023, and has been an advocate for Bitcoin investment during the crypto winter.

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