An INJ long-term holder sold 243,000 INJs in the last 12 hours.

According to Spot On Chain, an investor who held INJ for a long time and made a profit of $15 million sold 243,699 INJ ($7.39 million) to Bybit and CowSwap in the past 12 hours, triggering a 7.7% price drop.
Notably, the whale amassed most of the tokens in the early days (February 2021 to July 2022), with an average price of around $10.92, and later sold them twice in 2023 and 2024 for around $35.90. This resulted in an estimated total profit of $15.21 million (2.3x return) over 3.5 years.