According to Lookonchain, the 1inch Team recently spent 1.75 million USDC to purchase 7.96 million $1INCH tokens at $0.22 each. Since July 5, the team has accumulated a total of 22.4 million $1INCH, investing approximately $5.49 million at an average price of $0.25 per token. This consistent buying activity suggests a strong confidence in the future of $1INCH.