Data: A certain whale sold 7.39 million dollars worth of INJ tokens, which may trigger a price drop of 7.7%

ChainCatcher news, Spot On Chain monitoring shows that a long-term holder of Injective (INJ) has sold 243,699 INJ through Bybit and CowSwap in the past 12 hours, worth approximately 7.39 million USD, causing a price drop of 7.7%.

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