PANews reported on November 28 that Spot On Chain monitoring showed that a whale who had long held Injective ($INJ) sold 243,699 $INJ worth approximately US$7.39 million through Bybit and CowSwap in the past 12 hours, causing the price to drop by 7.7%.

This whale accumulated most of $INJ at an average price of $10.92 between February 2021 and July 2022, and sold it at two highs in 2023 and 2024 at around $35.9, realizing a total profit of approximately $15.21 million, a return rate of 2.3 times, and a holding period of 3.5 years.