TechFlow news, on November 28, according to Spot On Chain monitoring, a long-term holder of INJ dumped approximately 243,699 INJ worth around $7.39 million via Bybit and CowSwap within the past 12 hours, causing the price to drop by 7.7%.
This whale accumulated the majority of their INJ between February 2021 and July 2022 at an average price of $10.92, and previously sold portions at two peaks in 2023 and 2024 for about $35.90, realizing roughly $15.21 million in profit with a 2.3x return over a holding period of 3.5 years.
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