$INJ

A certain INJ whale cashing out 7.39 million dollars triggered a price drop of 7.7%, with profits exceeding 15 million dollars over 3.5 years.

PANews, November 28 - According to monitoring by Spot On Chain, a long-term holder of Injective ($INJ) sold 243,699 $INJ through Bybit and CowSwap in the past 12 hours, worth about 7.39 million dollars, leading to a price drop of 7.7%.

This whale accumulated most of the $INJ at an average price of 10.92 dollars between February 2021 and July 2022, and sold at approximately 35.9 dollars during two peaks in 2023 and 2024, achieving a total profit of about 15.21 million dollars, with a return rate of 2.3 times over a holding period of 3.5 years.