A whale recently sold a large amount of Injective (INJ) tokens and used the proceeds to purchase Lido DAO (LDO) tokens. The whale sold 150,428 INJ, valued at $3.29 million, and bought 2.44 million LDO, valued at over $3.05 million. The transaction was conducted through crypto liquidity provider Cumberland. The price of INJ fell 3% after the sale, trading near $21.24, but LDO's price rose 2.6% to reach highs of $1.29. The whale's decision to buy LDO indicates their bullish outlook on the decentralized finance platform, which is a market leader in Ethereum staking.



Other News from Today