BlockBeats news, on November 28, according to Spot On Chain monitoring, a long-term holder of INJ sold 243,699 INJ (about $7.39 million) through Bybit and CowSwap in the past 12 hours.
It is noteworthy that most of the whale's tokens were accumulated between February 2021 and July 2022, at an average price of about $10.92, and then sold at prices of about $35.9 during two peaks in 2023 and 2024.
This resulted in an expected total profit of $15.21 million (2.3 times return) over a period of 3.5 years.
