Whale sold over 150,000 Injective (INJ) tokens worth over $3.29 million According to Lookonchain, whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million INJ price fell slightly, but LDO rose
Whale sold a significant number of Injective (INJ) and also bought Lido DAO (LDO) tokens.
On Wednesday, September 25th, Lookonchain shared on-chain details showing that the whale dumped 150,428 INJ worth $3.29 million. Whale traded INJ for 2.44 million LDO worth more than $3.05 million.
According to Lookonchain, Whale sold INJ as an LDO via crypto liquidity provider Cumberland.
Whale sold 150,428 INJ ($3.29 million) and bought 2.44 million $LDO ($3.05 million) via #Cumberland in the last 30 hours. https://t.co/4L8vFWcIng pic.twitter.com/ESXmWIGoFJ
— Lookonchain (@lookonchain) September 25, 2024
injection price
Injective (INJ) is a layer 1 blockchain decentralized financial application. The interoperable L1 blockchain, backed by Binance and Mark Cuban, currently ranks as the 49th largest cryptocurrency with a market cap of $2.1 billion.
Injective’s native token price fell 3% to trade around $21.24. INJ also traded lower, narrowing its weekly gain to about 14%, while Injective is down 1.4% over the past month. Notably, INJ reached a high of $22.70 on Tuesday, reaching a resistance level seen on August 24th.
However, INJ price reached $52.62 on March 14, 2024 and currently sits around 59% off that level.
Lido DAO price
With the acquisition of LDO, Whale has a bullish outlook on Lido. The growth of the decentralized finance platform, the market leader in Ethereum staking, could be a catalyst.
Lido DAO price rose 2.6% in the past 24 hours, hitting a high of $1.29 earlier in the day. LDO is one of the most rising tokens, registering +29.7% last week.
At the time of this writing, the price of LDO was $1.26.
