A certain INJ whale cashed out 7.39 million USD, causing a price drop of 7.7%, and made a profit of over 15 million USD in 3.5 years

On November 28, Spot On Chain monitoring showed that a long-term holder of Injective ($INJ), also known as a whale, sold 243,699 $INJ in the past 12 hours, worth about $7.39 million, causing the price to drop by 7.7%.

This whale accumulated most of its $INJ between February 2021 and July 2022 at an average price of $10.92 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 reaching up to twice or more than their initial investment over a holding period of three-and-a-half years.