An INJ whale cashes out $7.39 million, triggering a 7.7% price drop, with profits exceeding $15 million over 3.5 years.

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

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