A whale sold 243,699 $INJ tokens, pushing the INJ price down by 7.7%. Despite this, the network continues to see explosive growth, with a rise in DeFi usage and strong social mentions in the AI finance space.
Within a 12-hour window, one of the long-term INJ holders decided to cash out his 243,699 INJ tokens worth $7.39M on Bybit and CowSwap.
Most of these tokens were collected by the holder ‘0x41d’ between February 2021 and July 2022 at an average INJ price close to $10.92.
Eventually, tokens were sold in two market tops in 2023 and 2024, at an average price of $35.9 in the most recent sale.
The result was an estimated profit of $15.21 million, with a 2.3x return in 3.5 years. When this happened, INJ’s price dropped hard, by an astonishing 7.7%, which is how much provoked reactions on the part of influential market participants to withdraw their INJ.
The case serves as a reminder of substantial gains for strategic long-term holders and their ability to move token
We współpracy z: https://www.thecoinrepublic.com/2024/11/29/injective-growth-remains-unstoppable-despite-inj-price-pullback/
