Data: A giant whale sold $7.39 million worth of INJ tokens, potentially triggering a 7.7% price drop

CoinVoice has recently learned that Spot On Chain monitoring shows 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, leading to a price drop of 7.7%.

This giant whale accumulated most of the INJ at an average price of $10.92 between February 2021 and July 2022, and sold it 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. [Original link]