{"id":601363,"date":"2024-04-04T16:00:02","date_gmt":"2024-04-04T16:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=601363"},"modified":"2024-04-04T12:08:28","modified_gmt":"2024-04-04T12:08:28","slug":"injective-whales-next-solana","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/injective-news-2\/injective-whales-next-solana\/","title":{"rendered":"Injective Whales Go On $24.8 Million Buying Spree, Is This The Next Solana?"},"content":{"rendered":"

Injective (INJ)<\/span><\/a> may be on the brink of a potential price surge following a recent wave of <\/span>accumulation by crypto whales<\/span><\/a>. This would undoubtedly be a much-needed relief for the INJ token, which has dipped significantly in the last seven days.\u00a0<\/span><\/p>\n

Crypto Whales Buy $24.8 Million Worth Of INJ<\/h2>\n

Data from the <\/span>market intelligence platform Santiment<\/span><\/a> shows that Whale Addresses recently bought $24.8 million worth of INJ, bringing their total holdings to 10.69 million INJ. This purchase is significant considering the impact that crypto whales have on the market. As such, a purchase of such magnitude could provide a much-needed boost to INJ\u2019s price.\u00a0<\/span><\/p>\n

Related Reading: Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000<\/a><\/div>\n

Injective, like the broader crypto market, has been on a steady decline over the last week, dropping by over 14% during that period. The crypto token has also suffered a reversal of fortune, as it currently has a <\/span>year-to-date (YTD) decline<\/span><\/a> of over 9%. That is shocking for a token that enjoyed a 3000% gain in 2023 and even outperformed <\/span>Solana (SOL)<\/span><\/a>, whose rally was one of last year’s major talking points.<\/span><\/p>\n

However, a <\/span>major correction<\/span><\/a> like this was expected for INJ\u2019s price, which enjoyed a sustained rally last year, suggesting it was possibly overbought at some point. A price decline like this one is necessary for the crypto token to once again establish itself and make another move to the upside.\u00a0<\/span><\/p>\n

Injective Could Follow Solana\u2019s Trajectory<\/h2>\n

Crypto analyst Crypto Dona <\/span>recently suggested<\/span><\/a> that Injective could follow a similar path to <\/span>SOL\u2019s price action<\/span><\/a> in 2021. Back then, SOL is said to have been stuck between the $20 and $40 price range for more than 100 days. However, just when everyone was about to give up on SOL, it went on a massive run and saw a ten times increase in its price.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible<\/a><\/div>\n

The crypto analyst expects something similar to happen with INJ\u2019s price, stating that a 10x might be around the corner. Injective, being an <\/span>AI (artificial intelligence) coin<\/span><\/a>, is also likely to keep attracting much attention heading into the latter stages of this bull run. That could reflect positively on its price since more liquidity will flow into its ecosystem.\u00a0<\/span><\/p>\n

The recent purchase by these <\/span>crypto whales<\/span><\/a> also underlines the bullish sentiment toward the crypto token despite its current unimpressive price action. Members of the INJ community have also expressed optimism about the token\u2019s future trajectory, with Crypto Dona, in particular, <\/span>stating<\/span><\/a> that its price is still going to three digits.\u00a0<\/span><\/p>\n

At the time of writing, INJ is trading around $32, down over 5% in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Injective<\/p>\n

INJ price recovers to $33 | Source: INJUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Coinfomania, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Injective (INJ) may be on the brink of a potential price surge following a recent wave of accumulation by crypto whales. This would undoubtedly be a much-needed relief for the INJ token, which has dipped significantly in the last seven days.\u00a0 Crypto Whales Buy $24.8 Million Worth Of INJ Data from the market intelligence platform Santiment shows that Whale Addresses recently bought $24.8 million worth of INJ, bringing their total holdings to 10.69 million INJ. This purchase is significant considering the impact that crypto whales have on the market. As such, a purchase of such magnitude could provide a much-needed boost to INJ\u2019s price.\u00a0 Related Reading: Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000 Injective, like the broader crypto market, has been on a steady decline over the last week, dropping by over 14% during that period. The crypto token has also suffered a reversal of fortune, as it currently has a year-to-date (YTD) decline of over 9%. That is shocking for a token that enjoyed a 3000% gain in 2023 and even outperformed Solana (SOL), whose rally was one of last year’s major talking points. However, a major correction like this was expected for INJ\u2019s price, which enjoyed a sustained rally last year, suggesting it was possibly overbought at some point. A price decline like this one is necessary for the crypto token to once again establish itself and make another move to the upside.\u00a0 Injective Could Follow Solana\u2019s Trajectory Crypto analyst Crypto Dona recently suggested that Injective could follow a similar path to SOL\u2019s price action in 2021. Back then, SOL is said to have been stuck between the $20 and $40 price range for more than 100 days. However, just when everyone was about to give up on SOL, it went on a massive run and saw a ten times increase in its price.\u00a0 Related Reading: Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible The crypto analyst expects something similar to happen with INJ\u2019s price, stating that a 10x might be around the corner. Injective, being an AI (artificial intelligence) coin, is also likely to keep attracting much attention heading into the latter stages of this bull run. That could reflect positively on its price since more liquidity will flow into its ecosystem.\u00a0 The recent purchase by these crypto whales also underlines the bullish sentiment toward the crypto token despite its current unimpressive price action. Members of the INJ community have also expressed optimism about the token\u2019s future trajectory, with Crypto Dona, in particular, stating that its price is still going to three digits.\u00a0 At the time of writing, INJ is trading around $32, down over 5% in the last 24 hours according to data from CoinMarketCap.\u00a0 INJ price recovers to $33 | Source: INJUSDT on Tradingview.com Featured image from Coinfomania, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92003],"tags":[83630,91074,86855,88126,91075,90841,88111,86854,12837,89406,83626,89405],"class_list":["post-601363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-injective-news-2","tag-inj","tag-inj-news","tag-inj-price","tag-injective","tag-injective-news","tag-injective-price","tag-injusd","tag-injusdt","tag-sol","tag-sol-news","tag-solana","tag-solana-news"],"acf":[],"yoast_head":"\nInjective Whales Go On $24.8 Million Buying Spree, Is This The Next Solana?<\/title>\n<meta name=\"description\" content=\"Injective (INJ) may be on the brink of a potential price surge following a recent wave of accumulation by crypto whales.\" \/>\n<meta name=\"robots\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Injective Whales Go On $24.8 Million Buying Spree, Is This The Next Solana?","url":"http:\/\/wncen.com\/news\/injective-news-2\/injective-whales-next-solana\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/injective-news-2\/injective-whales-next-solana\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Injective.jpeg?resize=200%2C183","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Injective.jpeg?fit=275%2C183"},"articleSection":"Injective","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["inj","inj news","inj price","injective","injective news","injective price","injusd","injusdt","sol","sol news","solana","solana news"],"dateCreated":"2024-04-04T16:00:02Z","datePublished":"2024-04-04T16:00:02Z","dateModified":"2024-04-04T16:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Injective Whales Go On $24.8 Million Buying Spree, Is This The Next Solana?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/injective-news-2\\\/injective-whales-next-solana\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/injective-news-2\\\/injective-whales-next-solana\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Injective.jpeg?resize=200%2C183\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Injective.jpeg?fit=275%2C183\"},\"articleSection\":\"Injective\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"inj\",\"inj news\",\"inj price\",\"injective\",\"injective news\",\"injective price\",\"injusd\",\"injusdt\",\"sol\",\"sol news\",\"solana\",\"solana news\"],\"dateCreated\":\"2024-04-04T16:00:02Z\",\"datePublished\":\"2024-04-04T16:00:02Z\",\"dateModified\":\"2024-04-04T16:00:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Injective.jpeg?fit=275%2C183","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601363"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=601363"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/601363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/601383"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=601363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=601363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=601363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}