INJ Whale Sells Big: $7.39M Offloaded, Triggers 7.7% Price Drop
Author: Content Editor
A large INJ whale recently sold 243,699 INJ tokens, making a profit of $7.39 million in just 12 hours. This sudden sale put pressure on the market and caused a 7.7% drop in the price of INJ tokens. The whale had accumulated most of the tokens between February 2021 and July 2022 at an average price of $10.92, and began selling them in 2023 and 2024 at a price of $35.9. This sell-off highlights the impact that whale activity can have on the crypto market, and may influence the decisions of smaller investors. It also underscores the importance of monitoring on-chain activities for potential whale migration that could impact token prices.