A long-term INJ holder sold about $7.39 million INJ in the past 12 hours, causing a price drop of 7.7%

According to Foresight News, monitored by SpotOnChain, a long-term INJ holder sold 243,699 INJ (approximately $7.39 million) through Bybit and CowSwap in the past 12 hours, causing a price drop of about 7.7%.

This giant whale accumulated most of the tokens in the early period (from February 2021 to July 2022) at an average price of about $10.92, and later sold at two peaks in 2023 and 2024 for about $35.9, resulting in a total profit of $15.21 million (2.3 times return) over three and a half years.