- Whale sold over 150,000 INJ (injectable) tokens worth over $3.29 million.
- According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million.
- INJ prices fell slightly, while LDO rose.
The whale sold a significant number of Injectives (INJ) and purchased more Lido DAO (LDO) tokens.
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 for LDO through cryptocurrency liquidity provider Cumberland.
150,428 whales were sold. $INJ($3.29 million), purchased $2.44 million. $LDO(USD 3.05 million) #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 finance application. The interoperable L1 blockchain, backed by Binance and Mark Cuban, is currently valued at $2.1 billion, making it the 49th largest cryptocurrency by market.
The price of Injective’s native token fell 3% to trade near $21.24. INJ trading also fell, reducing its weekly gains to around 14%, while Injective is down 1.4% over the past month. Notably, INJ reached a high of $22.70 on Tuesday, reaching the resistance level seen on August 24th.
However, INJ price reached $52.62 on March 14, 2024 and is currently located almost 59% away from that level.
Lido DAO price
With the purchase of LDO, whales are showing their bullish outlook for Lido. The growth of the decentralized finance platform, which is the market leader in Ethereum staking, could be a catalyst.
Lido DAO price rose 2.6% over the past 24 hours, reaching a high of $1.29 this morning. LDO is one of the tokens that rose the most last week with +29.7%.
At the time of this writing, the price of LDO was $1.26.