1inch Denies Involvement in $14M 1INCH Token Sale After Price Crash

Published at 2026-01-28 18:45:59

The 1inch team released an official statement on X on Jan. 28 denying any involvement in the sale of 14 million 1INCH tokens, a sell-off that drove the token to an all-time low on Tuesday, Jan. 27. The announcement rejects suggestions that the project or its operators orchestrated the $14 million dump, a move that triggered sharp price volatility and alarm among holders and traders.

As a prominent DeFi aggregator, 1inch’s distancing matters for market confidence: unexplained large sales can quickly erode trust in token distribution, vesting practices and liquidity stability. The episode is likely to prompt closer scrutiny from on-chain observers, exchanges and market participants seeking clearer disclosure and stronger safeguards to limit the impact of future abrupt dumps on tokenholders and the broader DeFi ecosystem.

Official Statement1INCHToken SaleMarket CrashDeFi

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